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Thursday, November 12 • 14:00 - 15:30
WS 56 Mobile Payment Boosts Internet Economy and Challenges

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With the popularization of smart device and emerging of mobile Internet, mobile payment has become an important way of payment. And various industries met great innovation opportunities based on mobile payment. 

However, some issues emerge accompanying with the industry’s development process. Security and technical standard are the two main issues to be tackled. According to research and survey, the security of mobile payment is one of the main concerns for user. So many of them refused to bind their bank account with the mobile payment application. As to the banks, they also expressed their concerns over malicious attack to the banking system. There is no worldwide mobile payment standard yet that it is not easy to conduct worldwide promotion. For the governments, mobile payment brought new challenges to their regulatory capability, because mobile payment involved several different domains, including banking, telecommunications, payment system etc. 

The panel will invite multi-stakeholder representatives to discuss the following points and provide policy advice: 

a.How could mobile payment further promote Internet economy development? And how to define the future development direction of mobile payment? 

b.How to strengthen the construction of mobile payment security and how to give proper education to the users?

c.What are the feasible policies that the government can make to both promote mobile payment development and keep its vitality? 

d.How to get over the difficulties in establishing worldwide technical standard on mobile payment, realize cross-border payment and to protect user’s information?

Thursday November 12, 2015 14:00 - 15:30
Workshop Room 6

Attendees (36)