Regulation and compliance requirements are still evolving in many markets when it comes to mobile commerce.
This is not a new channel for operators alone: Many banks also lack experience with mobile payments, remittance and other transactions. Various government bodies that regulate both mobile operators and financial services are also learning their way around mobile. Many regulators simply rely on existing rules for older types of transactions, such as card or cash payments. Regulation of mobile commerce as an industry is still a way off...