Payments Council seeks suppliers for mobile platform

The Payments Council, which sets strategies for UK payment services, is looking for suppliers to help it build a technology infrastructure for mobile payments.

The...

The Payments Council, which sets strategies for UK payment services, is looking for suppliers to help it build a technology infrastructure for mobile payments.

The organisation has issued a formal request for information (RFI) for interested suppliers.

In its National Payment Plan, the Council said mobile payments were considered an important area for future innovation, and it could help support open access and interoperability.

The Council will use the RFI to better understand what is required to develop mobile payments in the UK.

Global mobile payment transaction values for digital and physical goods will exceed £150bn a year within five years, according to analyst Juniper Research. Juniper said payments made via mobile phone for digital and physical goods would exceed this figure annually by 2013.

According to analyst Gartner, the number of worldwide mobile payment users will total 33 million this year, rising to 104 million by 2011.

The Payments Council was created in March 2007 with three main objectives:

• To lead the future development of co-operative payment services in the UK to ensure the payment system meets the needs of payment service providers, users and the wider economy.

• To ensure the payment system is open, accountable and transparent.

• To ensure the operational efficiency, effectiveness and integrity of payment services in the UK.




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