19 July 2012 7:03am

The Australian Payments Clearing Association raised concerns yesterday over the number of regulators that may claim a place in the field of mobile payments, and the actions they may take.

Brad Pragnell, head of industry policy for APCA, who was speaking at Informa’s BankTech conference in Sydney yesterday, urged caution.

"We have seen the regulators move too quickly in other emerging areas and stamp out the ability to let it flower," he said.

Pragnell said a range of bodies, including the Australian Communications and Media Authority, the Reserve Bank of Australia and...