Safety as the Essential Part of Mobile Payments’ Development

Currently, the issue of mobile payments application while forming the independent national payment system is one of the most urgent. Since the transition to mobile payment systems in Russia, as well as introduction of security systems against their break-in require certain costs, in the current economic conditions credit institutions should have sufficiently serious motivation for the new systems introduction. While business revenues are going down, increased spending for new systems introduction may seem irrational strategy. However, the positive side of mobile payments is that they will allow to reduce capital expenditures, taking into account that introduction technologies have been already developed, they should not be re-created. Further widespread use of mobile payments is inseparably connected with ensuring the required security level. The article examines the main threats that consumers could face while paying for goods and services via mobile phone.