OREANDA-NEWS. March 20, 2013. Governor of NBM Dorin Dragutanu took part in a conference organized by the European Bank for Reconstruction and Development covering mobile- phone based payments in EBRD member states and held in London.

The conference was organized for governors and deputy governors of central banks and became an important platform for developing a mobile payments system, responding to challenges and benefiting from opportunities this area presents. Participants of the conference discussed proven experience of some countries in using remote maintenance systems and as well as key factors to push forward solutions in this area.

They also discussed preparedness of EBRD members to adoption of the mobile-based payment system, acceptable models of mobile banking transactions and influence f rules of EBRD on mobile-based payments. Held in the form of a chat, the conference has become a platform for the construction exchange with opinions concerning solutions to problems in adopting mobile payment systems and adaptation of consumers to new conditions. In this context, participants of the conference discussed prospects of electronic money and their influence on main forms of payments.

The outlook for mobile-based financing and systems of the remote banking maintenance was also considered. Topics discussed at the conference were reflected in actions by the National Bank of Moldova. For example, the law of payment services and electronic money, made y NBM on a basis of regulatory frameworks recently adopted by the EU, sets legal frameworks for developing the market of payment services and state-of-the-art instruments, such as mobile payments.

By the law, the market has become open for two new groups of non-banking providers – payment associations and issuers of electronic money, encouraging by this growth in a number of modern and reliable payment services, reduction in their prices, consolidation of confidence in cashless payment instruments and decrease of cash currency.