Nothing Special   »   [go: up one dir, main page]

skip to main content
10.1145/3428690.3429182acmotherconferencesArticle/Chapter ViewAbstractPublication PagesmommConference Proceedingsconference-collections
research-article

Mobile payment: classic approaches to promote consumer adoption

Published: 19 January 2021 Publication History

Abstract

The development and diffusion of smartphones has led to many new trends, among them a new payment solution in the form of mobile payment. This paper places its focus on factors influencing consumer adoption of mobile payment. The basis for this is often the technology acceptance model and unified theory of acceptance and use of technology. Several factors including perceived ease of use, perceived usefulness, performance expectancy and social influence were found to influence primary adoption while a compelling user experience, usability and enjoyment were found to be a main driver of long-term usage.

References

[1]
Agarwal, R., & Prasad, J. 1998. "A Conceptual and Operational Definition of Personal Innovativeness in the Domain of Information Technology" in Information Systems Research, 9(2), pp. 204--215.
[2]
Albuquerque, J. P. de, Diniz, E. H., & Cernev, A. K. 2016. "Mobile payments: a scoping study of the literature and issues for future research" in Information Development, 32(3), pp. 527--553.
[3]
Apanasevic, T. 2013. "Factors Influencing the Slow Rate of Penetration of NFC Mobile Payment in Western Europe" in International Conference on Mobile Business.
[4]
Au, Y. A., & Kauffman, R. J. 2008 "The economics of mobile payments: Understanding stakeholder issues for an emerging financial technology application" in Electronic Commerce Research and Applications, 7(2), pp. 141--164.
[5]
Augsburg, C., & Hedman, J. 2014. "Value Added Services and Adoption of Mobile Payments" in C. C. Yang, J. Capitano, D. Gefen, D. Fenske, B. Weber, E. K. Clemons, … S.-F. Cheng (Eds.), ICPS: ACM international conference proceeding series, ICEC 2014: The 16th International Conference on Electronic Commerce: Philadelphia, PA, USA, August 5-6, 2014 (pp. 27--32). New York, NY, USA: ACM.
[6]
Bhattacherjee, A., & Premkumar, G. 2004. "Understanding Changes in Belief and Attitude toward Information Technology Usage: A Theoretical Model and Longitudinal Test" in MIS Quarterly, 28(2), pp. 229--254.
[7]
Bhattacherjee, A. 2001. "Understanding Information Systems Continuance: An Expectation-Confirmation Model" in MIS Quarterly, 25(3), pp. 351--370.
[8]
Brasseur, T. M., Mladenow, A., & Strauss, C. 2017. "Open business model innovation: Literature review and agenda for future research"., 4 (42).
[9]
Brasseur, T. M., Mladenow, A., & Strauss, C. 2017. "Business model innovation to support smart manufacturing". In Proceedings of American Conference on Information Systems 2017. Workshop on Smart Manufacturing. Boston, USA (pp. 10--12).
[10]
Dahlberg, T., Guo, J., & Ondrus, J. 2015. "A critical review of mobile payment research" in Electronic Commerce Research and Applications, 14(5), pp. 265--284.
[11]
Davis, F. D. 1986. "A technology acceptance model for empirically testing new end-user information systems: Theory and results" (Doctoral Dissertation). Sloan School of Management, MIT.
[12]
Davis, F. D. 1989. "Perceived Usefulness, Perceived Ease of Use, and User Acceptance of Information Technology" in MIS Quarterly, 13(3), pp. 319--340.
[13]
Davis, F.D., Bagozzi, R.P., & Warshaw, P.R. 1989. "User Acceptance of Computer Technology: A Comparison of Two Theoretical Models" Management Science, 35(8), pp. 982--1003.
[14]
DeLone, W. H., & McLean, E. R. 2004. "Measuring e-Commerce Success: Applying the DeLone & McLean Information Systems Success Model" in International Journal of Electronic Commerce, 9(1), pp. 31--47.
[15]
Denso Wave 2018. What is a QR Code? Available at: https://www.qrcode.com/en/about/ (Accessed: 24 May 2020).
[16]
Donner, J., & Tellez, C. A. 2008. Mobile banking and economic development: linking adoption, impact, and use. Asian Journal of Communication, 18(4), pp. 318--332.
[17]
Drew, D. A., Nguyen, L. H., Steves, C. J., Menni, C., Freydin, M., Varsavsky, T., … & Spector, T. D. 2020. "Rapid implementation of mobile technology for real-time epidemiology of COVID-19". Science. Available at: https://science.sciencemag.org/content/sci/early/2020/05/05/science.abc0473.full.pdf (Accessed: 24 May 2020).
[18]
Fishbein, M., & Ajzen, I. 1975. "Belief, attitude, intention and behavior: An introduction to theory and research". MA: Addison-Wesley.
[19]
Goyal, A. 2004. "Role of supplementary services in the purchase of credit card services in India" in Asia Pacific Journal of Marketing and Logistics, 16(4), pp. 36--51.
[20]
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. 2010. "Multivariate data analysis: A global perspective" (7. ed., global ed.). Upper Saddle River, NJ: Pearson.
[21]
Hayes, A. F. 2009. "Beyond Baron and Kenny: Statistical Mediation Analysis in the New Millennium" in Communication Monographs, 76(4), pp. 408--420.
[22]
Hennig-Thurau, T., & Klee, A. 1997. "The impact of customer satisfaction and relationship quality on customer retention: A critical reassessment and model development" in Psychology & Marketing, 14(8), pp. 737--764.
[23]
Hoffman, D. L., & Novak, T. P. 2009. "Flow Online: Lessons Learned and Future Prospects" in Journal of Interactive Marketing, 23(1), pp. 23--34.
[24]
Hyben, B., Mladenow, A., Novak, N. M., & Strauss, C. 2015. "Consumer acceptance on mobile shopping of textile goods in Austria: modelling an empirical study". In Proceedings of the 13th International Conference on Advances in Mobile Computing and Multimedia, pp. 402--406.
[25]
Jacobs, H. 2018. One photo shows that China is already in a cashless future. Available at: https://www.businessinsider.de/alipay-wechat-pay-china-mobile-payments-street-vendors-musicians-2018-5?r=US&IR=T (Accessed: 24 May 2020).
[26]
Johnson, V. L., Kiser, A., Washington, R., & Torres, R. 2018. "Limitations to the rapid adoption of M-payment services: Understanding the impact of privacy risk on M-Payment services" in Computers in Human Behavior, 79, pp. 111--122.
[27]
Kahneman, D., & Tversky, A. 1984. "Choices, values, and frames" in American Psychologist, 39(4), pp. 341--350.
[28]
Katz, M. L., & Shapiro, C. 1985. "Network externalities, competition, and compatibility" in The American Economic Review, 75(3), pp. 424--440.
[29]
Khalilzadeh, J., Ozturk, A. B., & Bilgihan, A. 2017. "Security-related factors in extended UTAUT model for NFC based mobile payment in the restaurant industry" in Computers in Human Behavior, 70, pp. 460--474.
[30]
Kim, C., Mirusmonov, M., & Lee, I. 2010. "An empirical examination of factors influencing the intention to use mobile payment" Computers in Human Behavior, 26(3), pp. 310--322.
[31]
Kujala, S., Mugge, R., & Miron-Shatz, T. 2017. "The role of expectations in service evaluation: A longitudinal study of a proximity mobile payment service" in International Journal of Human-Computer Studies, 98, pp. 51--61.
[32]
Kuo, Y.-F., Wu, C.-M., & Deng, W.-J. 2009. "The relationships among service quality, perceived value, customer satisfaction, and post-purchase intention in mobile value-added services" in Computers in Human Behavior, 25(4), pp. 887--896.
[33]
Kutner, M. H., Nachtsheim, C. J., & Neter, J. 2004. "Applied linear regression models" (4. ed., internat. ed.). in The McGraw-Hill/Irwin series operation and decision sciences. Boston, Mass.: McGraw-Hill/Irwin.
[34]
Leong, L.-Y., Hew, T.-S., Tan, G. W.-H., & Ooi, K.-B. 2013. "Predicting the determinants of the NFC-enabled mobile credit card acceptance: A neural networks approach" in Expert Systems with Applications, 40(14), pp. 5604--5620.
[35]
Liébana-Cabanillas, F., Ramos de Luna, I., & Montoro-Ríos, F. J. 2015. "User behaviour in QR mobile payment system: the QR Payment Acceptance Model" in Technology Analysis & Strategic Management, 27(9), pp. 1031--1049.
[36]
Liébana-Cabanillas, F., Sánchez-Fernández, J., & Muñoz-Leiva, F. 2014. "Antecedents of the adoption of the new mobile payment systems: The moderating effect of age" in Computers in Human Behavior, 35, pp. 464--478.
[37]
Lu, Y., Yang, S., Chau, P. Y. K., & Cao, Y. 2011. "Dynamics between the trust transfer process and intention to use mobile payment services: A cross-environment perspective" in Information & Management, 48(8), pp. 393--403.
[38]
Mallat, N. 2007. "Exploring consumer adoption of mobile payments - A qualitative study" in The Journal of Strategic Information Systems, 16(4), pp. 413--432.
[39]
MasterCard and Prime Research 2014. 13 Million Social Media Conversations Show What Consumers Think about Mobile Payments. Available at: https://newsroom.mastercard.com/press-releases/13-million-social-media-conversations-show-what-consumers-think-about-mobile-payments/ (Accessed: 24 May 2020).
[40]
Mladenow, A., Mollova, A., & Strauss, C. 2018. "Mobile Technology Contributing to Omni-Channel f". In Proceedings of the 16th International Conference on Advances in Mobile Computing and Multimedia, pp. 92--101.
[41]
Mladenow, A., Novak, N. M., & Strauss, C. 2015. "Mobility for 'Immovables'-clouds supporting the business with real estates". Procedia Computer Science, 63, 120--127.
[42]
Moore, G. C., & Benbasat, I. 1991. "Development of an Instrument to Measure the Perceptions of Adopting an Information Technology Innovation" in Information Systems Research, 2(3), pp. 192--222.
[43]
Moser, F. 2015. "Mobile Banking: A fashionable concept or an institutionalized channel in future retail banking? Analyzing patterns in the practical and academic mobile banking literature" in International Journal of Bank Marketing, 33(2), pp. 162--177.
[44]
Nambisan, S., & Wang, Y.-M. 1999. "Technical opinion: Roadblocks to Web technology adoption?" in Communications of the ACM, 42(1), pp. 98--101.
[45]
Oliver, R. L. 1980. "A Cognitive Model of the Antecedents and Consequences of Satisfaction Decisions" in Journal of Marketing Research, 17(4), pp. 460--469.
[46]
Ondrus, J., Lyytinen, K., & Pigneur, Y. 2009. "Why Mobile Payments Fail? Towards a Dynamic and Multi-Perspective Explanation" in R. H. Sprague (Ed.), 42nd Hawaii '09, Waikoloa, Hawaii, 5 - 8 Jan. 2009 (pp. 1--10). Piscataway, NJ: IEEE.
[47]
Ondrus, J., & Pigneur, Y. 2009. "Near field communication: an assessment for future payment systems" in Information Systems and E-Business Management, 7(3), pp. 347--361.
[48]
Pavlou, P. A. 2003. "Consumer Acceptance of Electronic Commerce: Integrating Trust and Risk with the Technology Acceptance Model" in International Journal of Electronic Commerce, 7(3), pp. 101--134.
[49]
Peter, J. P., & Tarpey, L. X. 1975. "A Comparative Analysis of Three Consumer Decision Strategies" in Journal of Consumer Research, 2(1), pp. 29--37.
[50]
Phillips, D. M., & Baumgartner, H. 2002. "The Role of Consumption Emotions in the Satisfaction Response" in Journal of Consumer Psychology, 12(3), pp. 243--252.
[51]
Ramos de Luna, I., Liébana-Cabanillas, F., Sánchez-Fernández, J., & Muñoz-Leiva, F. 2019. "Mobile payment is not all the same: The adoption of mobile payment systems depending on the technology applied" in Technological Forecasting and Social Change, 146, pp. 931--944.
[52]
Reiting, P., Mladenow, A., Strauss, C. & Kotsis, G. 2020. Drivers and Influencing Factors in Mobile Payment Acceptance. In Proceedings of the Euro American Conference on Telematics and Information Systems (EATIS'20), Nov 25 - 27, 2020, Aveiro, Portugal. ACM (to appear).
[53]
Rogers, E. M. 2010. "Diffusion of innovations" (4th Ed.). New York, NY: Simon and Schuster.
[54]
Rust, R. T., & Zahorik, A. J. 1993. "Customer satisfaction, customer retention, and market share" in Journal of Retailing, 69(2), pp. 193--215.
[55]
Scheuring, S. 2018. Zahlen per Smartphone: Noch nicht alltagstauglich. Available at: https://www.tagesschau.de/wirtschaft/zahlen-per-smartphone-101.html (Accessed: 24 April 2020).
[56]
Shadish, W. R., Cook, T. D., & Campbell, D. T. 2002. "Experimental and quasi-experimental designs for generalized causal inference". Belmont, Calif.: Wadsworth Cengage Learning.
[57]
Shin, D.-H. 2009. "Towards an understanding of the consumer acceptance of mobile wallet" in Computers in Human Behavior, 25(6), pp. 1343--1354.
[58]
Shin, D.-H. 2010. "Modeling the Interaction of Users and Mobile Payment System: Conceptual Framework" in International Journal of Human-Computer Interaction, 26(10), pp. 917--940.
[59]
Sirdeshmukh, D., Singh, J., & Sabol, B. 2002. "Consumer Trust, Value, and Loyalty in Relational Exchanges" in Journal of Marketing, 66(1), pp. 15--37.
[60]
Slade, E. L., Dwivedi, Y. K., Piercy, N. C., & Williams, M. D. 2015. "Modeling Consumers' Adoption Intentions of Remote Mobile Payments in the United Kingdom: Extending UTAUT with Innovativeness, Risk, and Trust" in Psychology & Marketing, 32(8), pp. 860--873.
[61]
Slade, E. L., Williams, M. D., & Dwivedi, Y. K. 2013. "Mobile payment adoption: Classification and review of the extant literature" The Marketing Review, 13(2), pp. 167--190.
[62]
Slade, E. L., Williams, M. D., Dwivedi, Y. K., & Piercy, N. C. 2014. "Exploring consumer adoption of proximity mobile payments" in Journal of Strategic Marketing, 23(3), pp. 209--223.
[63]
Statista 2020. Number of smartphone users worldwide. Available at: https://www.statista.com/statistics/330695/number-of-smartphone-users-worldwide/ (Accessed: 24 May 2020).
[64]
Thakur, R., & Srivastava, M. 2014. "Adoption readiness, personal innovativeness, perceived risk and usage intention across customer groups for mobile payment services in India" in Internet Research, 24(3), pp. 369--392.
[65]
Van Riel, A. C. R., Liljander, V., & Jurriëns, P. 2001. "Exploring consumer evaluations of e-services: a portal site" in International Journal of Service Industry Management, 12(4), pp. 359--377.
[66]
Venkatesh, V., & Davis, F. D. 2000. "A Theoretical Extension of the Technology Acceptance Model: Four Longitudinal Field Studies" in Management Science, 46(2), pp. 186--204.
[67]
Venkatesh, V., Morris, M. G., & Davis, F. D. 2003. "User Acceptance of Information Technology: Toward a Unified View" in MIS Quarterly, 27(3), pp. 425--478.
[68]
Venkatesh, V., Thong, & Xu 2012. "Consumer Acceptance and Use of Information Technology: Extending the Unified Theory of Acceptance and Use of Technology" in MIS Quarterly, 36(1), pp. 157--178.
[69]
West, S. G., Finch, J. F., & Curran, P. J. 1995. "Structural equation models with nonnormal variables: Problems and remedies" in R. H. Hoyle (Ed.), Structural equation modeling: Concepts, issues, and applications (pp. 56--75). Thousand Oaks, CA, US: Sage Publications, Inc
[70]
Williams, M. D., Rana, N. P., Dwivedi, Y. K., & Lal, B. 2011. "Is UTAUT really used or just cited for the sake of it? A systematic review of citations of UTAUT's originating article" in Proceedings of the European Conference on Information.
[71]
Zhou, T. 2013. "An empirical examination of continuance intention of mobile payment services" in Decision Support Systems, 54(2), pp. 1085--1091. Conference Short Name:WOODSTOCK' 18

Cited By

View all
  • (2024)Utility and hedonic perception- Customers’ intention towards using of QR codes in mobile payment of Generation Y and Generation ZElectronic Commerce Research and Applications10.1016/j.elerap.2024.10138965:COnline publication date: 1-May-2024
  • (2023)The Effect of System Quality, Information Quality, and Service Quality on the Continued Usage of Mobile Payment Application in ThailandProceedings of the 2023 6th International Conference on Software Engineering and Information Management10.1145/3584871.3584886(101-108)Online publication date: 31-Jan-2023
  • (2023)Mobile Payment in Deutschland – Anbieter und GeschäftsmodelleHandlungsraum Media Management10.1007/978-3-658-41520-4_19(379-400)Online publication date: 28-Jul-2023

Index Terms

  1. Mobile payment: classic approaches to promote consumer adoption

    Recommendations

    Comments

    Please enable JavaScript to view thecomments powered by Disqus.

    Information & Contributors

    Information

    Published In

    cover image ACM Other conferences
    MoMM '20: Proceedings of the 18th International Conference on Advances in Mobile Computing & Multimedia
    November 2020
    239 pages
    ISBN:9781450389242
    DOI:10.1145/3428690
    Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

    Publisher

    Association for Computing Machinery

    New York, NY, United States

    Publication History

    Published: 19 January 2021

    Permissions

    Request permissions for this article.

    Check for updates

    Author Tags

    1. TAM
    2. consumer adoption
    3. mobile payment
    4. mobile transactions
    5. technology acceptance model
    6. technology adoption

    Qualifiers

    • Research-article

    Conference

    MoMM '20

    Contributors

    Other Metrics

    Bibliometrics & Citations

    Bibliometrics

    Article Metrics

    • Downloads (Last 12 months)38
    • Downloads (Last 6 weeks)4
    Reflects downloads up to 25 Nov 2024

    Other Metrics

    Citations

    Cited By

    View all
    • (2024)Utility and hedonic perception- Customers’ intention towards using of QR codes in mobile payment of Generation Y and Generation ZElectronic Commerce Research and Applications10.1016/j.elerap.2024.10138965:COnline publication date: 1-May-2024
    • (2023)The Effect of System Quality, Information Quality, and Service Quality on the Continued Usage of Mobile Payment Application in ThailandProceedings of the 2023 6th International Conference on Software Engineering and Information Management10.1145/3584871.3584886(101-108)Online publication date: 31-Jan-2023
    • (2023)Mobile Payment in Deutschland – Anbieter und GeschäftsmodelleHandlungsraum Media Management10.1007/978-3-658-41520-4_19(379-400)Online publication date: 28-Jul-2023

    View Options

    Login options

    View options

    PDF

    View or Download as a PDF file.

    PDF

    eReader

    View online with eReader.

    eReader

    Media

    Figures

    Other

    Tables

    Share

    Share

    Share this Publication link

    Share on social media