5 Regulatory Trends
to Watch For in the U.S. Mobile Payments Market
1
The mobile payments market continues to grow as does the market share of individual participants in the sector.
2
Get a deep understanding of the regulatory landscape at the beginning of a product cycle. This will give companies a competitive edge when it comes to regulatory roadblocks.
3
Data privacy and security is still of paramount importance to users and to other participants in the mobile payments space.
4
Regulatory standards and licensing options continue to develop as the OCC deliberates on its fintech charter and the Conference of State Bank Supervisors (CSBS) launches Vision 2020.
5
Watch for competition and cooperation between traditional financial institutions and mobile payments providers as the “network effects” are amplified through partnerships among providers.
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