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The Changing Regulation Around Mobile Payments

Financial Services analysis: With approximately 93% of adults owning or using a mobile phone in the UK and the introduction of tokenisation services using near-field communication (NFC) technology, the idea of using mobile devices to pay is becoming increasingly common. Ed Bodey, senior associate at Foot Anstey, and Nikki Johnstone, associate at Paul Hastings, explore the regulatory environment for providers of mobile payment solutions and the commercial challenges likely to influence their development.

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