The GSM Association joined with the European Payments Council

July 2nd, 2008 - 3:07 pm ICT by Amrit Rashmisrisethi  

The GSM Association joined with the European Payments Council which represents 8,000 banks in the European Union and Switzerland. In order to boost the deployment of mobile payment services. This partnership is expects to support banks in delivering mobile payments services to their customers. These services will be facilitated by a Trusted Service Manager.

The GSM Association - represents more than 750 GSM mobile phone operators ; citing data from a study by management consultants, says the industry’s return on capital employed was as low as 7% in 2007 or less than half that of other significant sectors such as steel and software.

The GSMA, through its Pay-Buy-Mobile initiative, and the EPC will focus initially on defining a contractual framework document detailing the minimum set of requirements for a Trusted Service Manager to interface with banks and mobile operators.

The GSMA says several operators have cut prices for data roaming, with T-Mobile UK because of their charges by 80% from July 1, like, and Vodafone is reducing the price per megabyte by 45%. It is acknowledged that some roaming text charges are too high.

The telecoms commissioner, who insists she is reluctant to regulate, is said to be ready to intervene again, preparing to cut roaming text charges by up to two-thirds and impose strict caps on the price of data downloads which now cost on average €5.24 a megabyte.

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