All articles by Hwanwoo Chung

Hwanwoo Chung

Will we ever have a universal mobile payments standard?

Lack of standardisation has been a hurdle for mobile payments, and a number of vendors believe the sectors growth will be stunted until industry standards are established. Hwanwoo Chung, CEO at service provider Danal CS&F, asks whether mobile payments can progress without standardisation. Standardisation, or the lack of it, has been one of the principal obstacles holding back mobile payments. Many in the industry believe that until there are standards and agreed processes in place, the vast number of different payment technologies and industry participants means that the roll-out and adoption of mobile payment services will be stunted.