scope:

This document provides comprehensive requirements and practices involved in mobilizing the transfer of funds as well as spefic use cases for implementation of interoperable mobile payments to persons. The emphasis is placed on the principles governing the operational functioning of Mobile payments to persons systems and processes as well as the presentation of the underlying technical, organizational, business, legal and policy issues, leveraging legacy infrastructures of existing payment instruments (see ISO 12812-1, Annex C). This part of the standard includes the following items: a) Requirements applicable to Mobile payments to persons; b) Recommendations regarding mechanisms involved in the operation of interoperable Mobile payments to persons; c) A description of the different use cases for Mobile payments to persons; d) A generic interoperability model for the provision of different Mobile payments to persons; e) Recommendations for the technical implementation of the generic architectures for the mobile payments to persons services; f) Recommendations for mobile remittances; g) Use cases with the corresponding transaction flows; and h) Discussion of the financial inclusion of Unbanked and Underbanked persons (Annex B).