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Analysis of mobile wallet model applicable for Ecuador

Abstract:

Nowadays, the combination of fast growing of mobile phones with the great development of mobile technologies have caused a strong growth potential for mobile electronic commerce across the developing countries as Ecuador. This paper describes the main headlines in order to implement the mobile wallet in Ecuador. There are important challenges to overcome, like the essential agreement between government, mobile networks operators (MNO), banks, consumers, merchants, and others. In addition, this article will be focus on the security and regulatory aspects. The purpose of this study is to provide a starting point to raise a technical analysis of the mobile wallet with all aspects that compose it; reviewing the available technologies and the existing business models to conclude which is the most viable for application in Ecuador.