scope:

This part of ISO 12812 defines the general framework of mobile financial services (payment and banking services involving a mobile device), with a focus on: a) A set of definitions commonly agreed by the international financial industry; b) The opportunities offered by mobile devices for the development of such services; c) The promotion of an environment that reduces or minimizes obstacles for mobile financial service providers who wish to provide a sustainable and reliable service to a wide range of customers (persons and businesses), while ensuring that customers interests are protected; d) The different types of mobile financial services accessed through a mobile device including mobile proximate payments, mobile remote payments and mobile banking, some of which are detailed in other parts of this International Standard; e) The mobile financial services supporting technologies; f) The stakeholders involved in the mobile payment ecosystems. This part of ISO 12812 includes the following informative annexes: a) An overview of other standardization initiatives in mobile financial services; b) A description of possible mobile payment business models; c) A description of typical payment instruments which may be used.