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
Related Articles
- EP ID EP283404
- DOI -
- Views 37
- Downloads 0
Management of Service Quality for the Consumer of Health Care Services
In this fast moving world particularly in business environment if the competitive advantages are to be obtained then the company or any organization need to have such technology so that the data on market demands and r...
An Empirical Investigation of Patients’ Expectations and Perceptions in Developing Country Hospitals
The overall aim of this work is to evaluate service quality of health sector of a developing country Pakistan. In addition, the second drive of this study is to identify the process by which health care consumers evaluat...
Cloud Computing – A Comprehensive Definition
Cloud computing is an evolving technology that is consistently generating impact in IT industry and academia. It performs all computational tasks over Internet by using virtualization techniques and remains isolated from...
A Wireless Platform for the Early Detection of Arthritis using Home and Body Sensor Network
Information and communications technology influences many of the activities we perform on any given day. Through the widespread availability and use of consumer electronics we have almost augmented ourselves to permanent...
Challenges to e-government implementation in developing countries. Nigeria case Study
The rapid development in ICT industry and the increase in Internet usage around the world enabled some governments to provide e-services for citizens with the aim of improving service delivery, increasing citizen partici...