Payment Operational Models for Mobile Payment System
Journal Title: Journal of Computing and Management Studies (JCMS) - Year 2018, Vol 2, Issue 2
Abstract
The payment sector in the financial industry is continually revolving, there are various methods of payment, but the uniqueness of the mobile payment system can’t be ignored. Mobile operators, financial institutions, governments and consumers all recognise the advantages and opportunities this method of payment provides. However, adoption is relatively slow contrary to predictions and relatively uneven in different economies. The mobile payment industry is relatively new and little can be found in recent and current research about the factors that contribute to user adoption in mobile payment transactions. Therefore, this study conducts an analysis of the major mobile payment players and their operation models. After a short review of the emerging literature, we then concentrate on four possible economic models in appropriate economic environments: the operator-centric model, the bank-centric model, the independent service provider model and the collaborative model. Finally, we then analyse the potential of each model and opportunity for the emergence of new models in the mobile payment service environment.
Authors and Affiliations
Abiola Adekunle, Humayun Bakht, Amare Desta
Keywords
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