Pre-paid mobile phone cards as a form of e-money

EU consultation paper on “Electronic money: Commission consults on how the E-Money Directive applies to mobile phone services” studies the extent to which the rules governing e-money should also apply to prepaid phone cards.

But analyst company Ovum warns that applying the directive to prepay vouchers would either lead mobile operators to set up special subsidiaries, or outsource issuance to specialist e-money firms. And mobile phone users would in some way have to pay for that.

From The Guardian.