The European Commission’s revised Directive on Payment Services (PSD2) was designed to enhance consumer protection and convenience, improve the security of payment services and promote innovation and competition.
Carrier Billing has massive potential as a revenue stream for both Mobile Operators and content providers. Carrier Billing is a huge growth market, set to be worth over $25bn by 2020 with no signs of levelling off according to a report by Ovum.
When JP Morgan Chase acquired the Merchant Customer Exchange payments technology last month, a 5-year saga came to a bitter end. The payments industry, which has proven difficult to navigate and succeed in over the past decade, claimed another victim.