Recent Developments in Mobile Banking and Payments

Journal of International Banking Law and Regulation, p. 454, 2009

37 Pages Posted: 9 Feb 2011

See all articles by Rhys Bollen

Rhys Bollen

Monash University - Faculty of Law

Date Written: June 24, 2009

Abstract

This article will show mobile banking and payments are evolutionary, not revolutionary. They allow conventional intermediated payments to be used in more situations by more people. Admittedly they appear revolutionary in the sense that they open up the provision of banking services by non-banks. But this is likely to be a short-lived phenomena – as regulators catch up, these services will eventually be regulated as financial services (if not as banks). This article will discuss early evidence of this in such diverse places as the EU and Kenya. At its core is an element of the “inevitable” and “logical” convergence between the banking and communications industries.

Suggested Citation

Bollen, Rhys A., Recent Developments in Mobile Banking and Payments (June 24, 2009). Journal of International Banking Law and Regulation, p. 454, 2009. Available at SSRN: https://ssrn.com/abstract=1756691

Rhys A. Bollen (Contact Author)

Monash University - Faculty of Law ( email )

Wellington Road
Clayton, Victoria 3800
Australia

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