This study compares the factors that determine consumer acceptance SMS (Short Message Service), NFC (Near Field Communication) and QR (Quick Response) mobile payment systems, in addition to ...determining the principal factors which influence the adoption of these mobile payment systems as means payment. A comprehensive review of the scientific literature has justified the development of a behavioral model that explains intention to use of mobile payments. The results and novelty of this research lies in the formulation of a different behavior according to the use given by users to each of the proposed payment tools. The conclusions and implications for management provide alternatives for companies.
•The objective is comparing the acceptance of the SMS, NFC and QR m-payments.•This paper is a pioneer study of intention to use of SMS, NFC and QR mobile payment.•The results indicate that the m-payment behavior cannot be applied in a global manner.•The relationships are expressed with different intensity depending on each system.•This study provides recommendations for companies interested in SMS, NFC and QR m-payment.
We seek to deepen and increase knowledge on the evolution of scholarship regarding digital payments by highlighting the main interpretative strands in the literature and the changes, if any, in ...research approaches. Using bibliometric and scientometric measures, we explore research hotspots and developmental trends in digital payments to identify influential aspects of published contributions and research streams. Our sample consists of 723 articles published between 1985 and 2021 obtained from the Web of Science. The results show that the most investigated digital payments are mobile payments, with the main analysis methodologies typically linked to technology adoption models. This review, original in terms of sample size and methodology, advances knowledge on the evolution of innovative payments and guides scholars in visualising various research models.
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•Bibliometric and Scientometric literature review on Digital Payment, Electronic Payment and Mobile Payment.•Digital payment adoption in developed, underdeveloped, and developing countries.•Importance of external influences, age, ease of use, attitude, utility, trust, and risk on adopting mobile payment system.•From electronic payment to digital payment
Cybersecurity breaches pose a substantial concern in the digital era. We investigate how customers respond to multiple unexpected data breaches of their information in India. ...Difference-in-differences estimates show that digital payments declined by 9% relative to cash payments immediately after an unexpected data breach in a food delivery platform, but the gap disappeared three months later. Customer entry and exit also exhibit weak, short-lived changes. Additional analyses on bank and online grocery data breaches uncover even weaker effects of data breaches. Our findings imply that the perceived benefits of convenience outweigh the costs of payment security risks.
This paper was accepted by David Sraer, finance.
Funding:
This work was supported by the MOE (Ministry of Education in China) Project of Humanities and Social Sciences Project 20YJC790183, National University of Singapore Start-Up Grant A-0003870-00-00, the National Natural Science Foundation of China Grant 72150004, and the National Nature Science Foundation of China Grant 72203112.
Supplemental Material:
The online appendices and data are available at
https://doi.org/10.1287/mnsc.2021.01335
.
•The global spread and use of internet and mobile contributed to the development of new forms of banking and financial payments.•Digital payments and baking were introduced as new ways to conduct ...convenient and effective financial transactions.•There is a lack of research which focuses on both, digital banking and payment methods in GCC countries.•In view of the importance of digital banking and payment methods and the gaps in the current state of knowledge in the field, the aim of this paper is to provide a comprehensive literature review and perform weight and meta-analysis. By reviewing 46 studies, it was found that best predictors for digital payment and banking adoption in GCC countries are trust, perceived security and perceived usefulness.•Based on the extensive literature review, the conceptual of factors affecting adoption digital banking and payment methods in Gulf countries model was proposed, which will send agenda for future research.
The global spread and use of internet and mobile contributed to the development of digital payments and baking. There is a lack of research which provides comprehensive synthesis and analysis of factors affecting the use and adoption of digital banking and payment methods in GCC countries. Thus, the aim of this paper is to provide a comprehensive literature review and perform weight and meta-analysis. By reviewing 46 studies, it was found that best predictors for digital payment and banking adoption in GCC countries are trust, perceived security and perceived usefulness. Based on the extensive literature review, the conceptual of factors affecting adoption digital banking and payment methods in Gulf countries model was proposed, which will set agenda for future research. Practitioners will be able to use the findings from this study to improve adoption and quality of digital banking and payment services
Using a proprietary data set containing more than 10 million transactions over 14 months from hundreds of grocery stores, we examine consumer payment choices at point of sale (POS) between cash and ...mobile, where the use of other methods (including cards) is minimal. We find that cash is the dominant method of payment. Nonetheless, the share of mobile payments has increased at the expense of cash payments over time. Importantly, we exploit price incentives for consumers using mobile payment to examine the price substitution between cash and mobile payments. Our results show that consumers are more likely to use mobile payment when they receive price incentives for doing so, and such an effect persists for a few days, even after the price incentive expires. Nonetheless, the price incentives are unlikely financed by additional transactions paid via mobile but subsidized by mobile payment providers. Interestingly, we find several factors that enhance and supplement the steering effect of price incentives. First, a larger monetary reward seems to induce a stronger impact of price incentive on mobile payment. Second, the steering effect of price incentive is stronger for stores that serve consumers who have frequently been using mobile payment and for price-sensitive consumers. Third, the additional mobile payments come from transactions that would not have occurred with price incentive and those that switch from cash transactions.
This paper was accepted by Eric Anderson, marketing.
Healthcare reimbursements in the United States have been traditionally based on a fee-for-service (FFS) scheme, providing incentives for high
volume
of care, rather than
efficient
care. The new ...healthcare legislation tests new payment models that remove such incentives, such as the bundled payment (BP) system. We consider a population of patients (beneficiaries). The provider may reject patients based on the patient’s cost profile and selects the treatment intensity based on a risk-averse utility function. Treatment may result in success or failure, where failure means that unforeseen complications require further care. Our interest is in analyzing the effect of different payment schemes on outcomes such as the presence and extent of patient selection, the treatment intensity, the provider’s utility and financial risk, and the total system payoff. Our results confirm that FFS provides incentives for excessive treatment intensity and results in suboptimal system payoff. We show that BP could lead to suboptimal patient selection and treatment levels that may be lower or higher than desirable for the system, with a high level of financial risk for the provider. We also find that the performance of BP is extremely sensitive to the bundled payment value and to the provider’s risk aversion. The performance of both BP and FFS degrades when the provider becomes more risk averse. We design two payment systems, hybrid payment and stop-loss mechanisms, that alleviate the shortcomings of FFS and BP and may induce system optimum decisions in a complementary manner.
This paper was accepted by Serguei Netessine, operations management
.
The major purpose of this research is to analyze and asses effect of COVID-19 impact on the frequency of using digital payment methods. The research was divided into five sections: volume and ...frequency of payment methods, payment methods characteristic and their fulfilment, technological trust of payment methods, expected changes in digital payment in the next 5 years, implementation of restrictions related to COVID-19 for the after the epidemic period. The post COVID-19 study was conducted in March 2022 in the form of a survey among university students. Data for pre COVID-19 study come from the author's article "Digital payment methods within Polish students - leading decision characteristics" from 2020 (survey conducted in November 2019). Main conclusions of the study (compared to pre COVID-19): there has been a significant reduction of popularity of cash payments, payments made via e-banking (web access), payments made with physical credit / debit card; has been a noticeable decline in the number of transactions made by respondents; respondents do not support forcing others to use only digital payment methods; despite the massive use of digital payments, respondents expect the spread of technologies ensuring anonymity in digital payments in the future.
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