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What is ISO 12812?

ISO 12812:2020, titled "Core banking – Mobile financial services", is an international standard that outlines the requirements, functional features, and interoperability aspects for mobile financial services, especially those used in retail banking and payments. It is a comprehensive series covering:

  1. General Framework
  2. Security and data protection
  3. Mobile Payments
  4. Mobile Person-to-Person Transfers
  5. Mobile International Remittances

This standard supports financial institutions in developing secure, user-friendly, and globally interoperable mobile platforms that meet customer demands and regulatory requirements.

Why is ISO 12812 important?

The financial industry is witnessing exponential growth in digital payment solutions, yet many institutions face challenges in maintaining security, compliance, and interoperability. ISO 12812 bridges this gap by providing:

  1. A structured framework for secure mobile financial transactions.
  2. Internationally accepted best practices for system architecture and data handling.
  3. Guidance to ensure interoperability across platforms and jurisdictions.

For any organization offering or planning to launch mobile banking or payment solutions, aligning with ISO 12812 is crucial to building consumer trust, meeting legal expectations, and enabling seamless digital innovation.

What are the benefits of ISO 12812?

Partnering with Growth Management Corporation for ISO 12812 implementation ensures your mobile financial services are:

  1. Secure: Adherence to robust data protection and user authentication protocols.
  2. Interoperable: Systems built to integrate across multiple platforms and service providers.
  3. Reliable: Reduced downtimes and improved service consistency.
  4. Compliant: Aligns with national and international regulations (e.g., GDPR, PCI DSS).
  5. User-Friendly: Improved customer experience with standardized service features.


What kind of businesses can benefit from ISO 12812?

By implementing ISO 12812:2020 through expert guidance from Growth Management Corporation, businesses can:

  1. ✅ Build Consumer Trust – Assure users of secure, reliable, and private mobile transactions.
  2. 📈 Expand Market Reach – Interoperability allows seamless cross-border and inter-platform financial services.
  3. 💰 Reduce Operational Risks – Minimize fraud, data breaches, and compliance penalties.
  4. 🔄 Enhance System Efficiency – Optimize backend architecture and streamline mobile workflows.
  5. 💼 Ensure Regulatory Compliance – Stay ahead of evolving financial compliance mandates.
  6. 📊 Improve Service Delivery – Standardized processes improve uptime, user experience, and response times.
  7. 🛡️ Strengthen Brand Reputation – Being ISO-compliant showcases a commitment to global standards and responsible innovation.


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