Download or read book The Digital Transformation of Payment A Glimpse Into the Future of Mobile Payment Systems written by Tamara Knecht and published by GRIN Verlag. This book was released on 2022-11-16 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2021 in the subject Business economics - Market research, grade: 1,0, accadis Hochschule Bad Homburg, language: English, abstract: Mobile payment systems are an innovation that allows people to make contactless payments with a mobile device (such as a smartphone) at the cash register in brick-and-mortar retail outlets without carrying a wallet with credit and debit cards. While other countries have almost entirely adopted and integrated this innovation into their daily lives, adoption rates in Germany remain significantly low. Hence, the objective of this work is to analyze the future of mobile payment systems in Germany with respect to the reasons for adoption or refusal. In particular, the following research question was addressed: Will mobile payment methods replace physical cards in Germany, or will certain factors prevent full adoption?
Download or read book Google Wallet a Glimpse Into the Future of Mobile Payments written by Rohan Handa and published by GRIN Verlag. This book was released on 2011-12 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project Report from the year 2011 in the subject Information Management, University of Southern California, language: English, abstract: Over the past few thousand years of evolution, the way we pay has changed shapes and materials. It has gone from gold to coins, paper money to plastic cards and now with Google's venture into the mobile payment industry, we are at the threshold of the next big shift. Google Wallet is a mobile payment Android app that transforms a phone into a wallet. This app utilizes the Near Field Communication (NFC) technology that allows its users to pay for purchased items and redeem offers. At this initial stage of business, there are many features and factors that Google needs to change in order to bring about the mass adoption of this service. As the Business Technology Analysts at Google, we - Kritika Maheshwari, Malvika Saraf and Rohan Handa aim at addressing the hurdles for this technology and the methods to bring it to fruition. In the process we evaluate Google's profit motivation and the bigger strategy behind this service. First, we explain the business approach which describes the importance of the adopted business model. We use Porter's Five Force analysis to determine the competitive intensity in the market followed by SWOT analysis to give recommendations that will help in the mass adoption. Finally, we focus our paper on formulating a strategy canvas in order to study the existing payment methods in comparison to our service. The paper concludes with recommendations to Google for promoting wide customer acceptance.
Download or read book Impact of Mobile Payment Applications and Transfers on Business written by Opati, Thaisaiyi Zephania and published by IGI Global. This book was released on 2019-12-20 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumers continue to rely heavily on their phones to complete such tasks as transferring funds between banks or accounts, depositing or withdrawing funds, paying bills, and purchasing items. Mobile money users are oftentimes more financially resilient and can protect themselves better against economic and other shocks. Moreover, mobile money can increase the velocity of money in circulation because it reduces the transactions and time costs of making retail payments. As such, understanding the impact of mobile payments is imperative for businesses and the economy. Impact of Mobile Payment Applications and Transfers on Business is a pivotal reference source that provides vital research on mobile money transfer and its impact in social, corporate, and micro- and macro-policies concerning the aggregate economy and individual households as a whole within an economy. It covers the impact, innovations, business-to-business transformations, regulatory framework, challenges, and ethical issues surrounding mobile money transfers around the world. This book is ideally designed for economists, financial analysts, business managers, leaders, scholars, practitioners, researchers, and students in fields that include management, finance, economics, commerce, and leadership.
Download or read book Mobile Payment written by Thomas Lerner and published by Springer Science & Business Media. This book was released on 2013-11-29 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paying with mobile devices such as mobile phones or smart phones will expand worldwide in the coming years. This development provides opportunities for various industries (banking, telecommunications, credit card business, manufacturers, suppliers, retail) and for consumers. The book comprehensively describes current status, trends and critical aspects of successful mobile payment. It combines theory and practice. Comprising essential aspects of a successful mobile payment as well as successful case studies and practical examples, this book is for all who are developing, offering and using mobile payment.
Download or read book Mobile Payment Systems written by Jesús Téllez and published by Springer. This book was released on 2017-10-02 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important text/reference presents the latest research and developments in the field of mobile payment systems (MPS), covering issues of mobile device security, architectures and models for MPS, and transaction security in MPS. Topics and features: introduces the fundamental concepts in MPS, discussing the benefits and disadvantages of such systems, and the entities that underpin them; reviews the mobile devices and operating systems currently available on the market, describing how to identify and avoid security threats to such devices; examines the different models for mobile payments, presenting a classification based on their core features; presents a summary of the most commonly used cryptography schemes for secure communications; outlines the key challenges in MPS, covering security for ubiquitous mobile commerce and usability issues; highlights the opportunities offered by mobile cloud computing and vehicular ad hoc networks in the design and development of MPS.
Download or read book Moving Money written by Robert E. Litan and published by Rowman & Littlefield. This book was released on 2009-12-01 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Once we paid for things with bills, coins, or checks. Today we pay with zeroes and ones—digital entries on credit and debit cards, or electronic messages sent over the Internet. In Moving Money, distinguished analysts explore this trend, its development and likely future, and the ramifications of this transformation. This is a book about money as a medium of exchange—in the past, in the present, but particularly in the future. What forms has money taken over the years? Moreover, how have those means of payment changed in recent years, and how will they develop in the future? And what (if anything) should policymakers do to facilitate those changes, or at least allow them to develop and mature? Brookings economists Robert E. Litan and Martin Neil Baily and a distinguished group of experts dissect these issues and peer into the future of consumer payments. The landscape of the consumer payments industry will be shaped at least in part by public policies. Historically, governments have had monopolies on the manufacture of money. Any form of payment clearly requires trust on the part of both the seller and the buyer, and the government must establish and enforce laws to secure this relationship. More controversial is the issue of whether, and to what extent, government is also needed to protect the market in private sector payments systems. Why do these issues matter? The payments industry is a large and important sector of developed economies. In the United States, private-sector payments providers generate approximately $280 billion a year in revenue, while the government invests substantial resources into making money (minting coins and printing bills) or moving it (via checks and various electronic transfers). And the way we pay for things influences our purchases—what we spend money on, how much we spend, and where we spend it. Thus the future of consumer payments is intertwined with the health of national economies. Contri
Download or read book TRUSTING MOBILE PAYMENT written by Andrea Bauer and published by tredition. This book was released on 2017-07-18 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book Andrea Bauer examines the apparently simple question of the role of trust in the development and establishment of mobile payment services. The proliferation of new payment instruments was always associated with the condition of trustworthiness. Even if the form of payment has changed constantly in the past (e.g. cowrie shells, stones, coins, paper notes, plastic cards or electronic digits), the demand for trustworthiness was always an essential factor regarding its market acceptance. What trust exactly is, which functions trust has in the use of technical solutions and which aspects and determinants of trust are crucial regarding mobile payment services, Andrea Bauer will analyze in the present work.
Download or read book The Economics of Digital Transformation written by Katarzyna Śledziewska and published by Routledge. This book was released on 2021-08-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unprecedented Covid-19 crisis revealed the scale and scope of a new type of economy taking shape in front of our very eyes: the digital economy. This book presents a concise theoretical and conceptual framework for a more nuanced analysis of the economic and sociological impacts of the technological disruption that is taking place in the markets of goods and services, labour markets, and the global economy more generally. This interdisciplinary work is a must for researchers and students from economics, business, and other social science majors who seek an overview of the main digital economy concepts and research. Its down-to-earth approach and communicative style will also speak to businesses practitioners who want to understand the ongoing digital disruption of the market rules and emergence of the new digital business models. The book refers to academic insights from economics and sociology while giving numerous empirical examples drawn from basic and applied research and business. It addresses several burning issues: how are digital processes transforming traditional business models? Does intelligent automation threaten our jobs? Are we reaching the end of globalisation as we know it? How can we best prepare ourselves and our children for the digitally transformed world? The book will help the reader gain a better understanding of the mechanisms behind the digital transformation, something that is essential in order to not only reap the plentiful opportunities being created by the digital economy but also to avoid its many pitfalls. Chapters 1, 3 and 5 of this book are available for free in PDF format as Open Access from the individual product page at www.routledge.com. They have been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
Download or read book E payment written by Margaret Tan and published by NUS Press. This book was released on 2004 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume of payments handled electronically has increased dramatically in recent years, as have liquidity, volatility and the amount of money flows across borders. This important global trend works together with a growing integration in corporate business processes, and a convergence in network architecture as e-payment of all kinds moves to Internet protocol systems. The net result is a new e-payment landscape that presents daunting challenges on many levels, as well as exciting opportunities, for banks, businesses and governments. Consumer and citizen interests are also at stake. This book takes a unique, wholly integrated look at the e-payment landscape, understanding the way that existing systems are being stretched and challenged. Credit card systems are extended to facilitate Internet-based eCommerce. Consumers are becoming accustomed to using their stored-value mass transit cards to make payments for goods and services. Corporations put pressure on banks to integrate business information into their electronic payment processes. New non-financial players emerge holding important floats and many of these players are challenging for key parts of the banking franchise. This bo
Download or read book Launching mobile payment systems in the DACH region A trend investigation and SWOT analysis based on examples of Chinese providers written by Denise Gaber and published by GRIN Verlag. This book was released on 2020-01-24 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mobile business expands rapidly. The increasing number of Internet-enabled devices is creating an ecosystem with almost endless possibilities. In order to survive in this emerging ecosystem, companies have to implement new applications and take many actions and adaptions. In fact, this need for innovation affects nearly every online business. Denise Gaber examines transactions in local shops made through payment applications on customers’ smartphones, the so-called Proximity Mobile Payment Systems. She also explains the trend of proximity mobile payment and its rapid development in China compared to the low adoption rate in Austria, Germany and Switzerland. How can mobile payment be implemented successfully? Gaber gives a SWOT analysis to indicate obstacles and to plan implementation and business strategies. As best practices she examines companies like WeChat Wallet and Alipay. Her findings are based on a profound analysis of the markets of Germany, Austria, Switzerland and China. In this book: - app; - e-commerce; - m-commerce; - mobile commerce; - m-payment
Download or read book The Future of Mobile Payment Systems written by and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Beyond Cash The Evolution of Digital Payment Systems and the Future of Money written by Alex Thompson and published by Alex on Finance. This book was released on 2023-07-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Beyond Cash: The Evolution of Digital Payment Systems and the Future of Money" invites you on a captivating exploration of the transformative journey from traditional cash transactions to the digital realm. In this thought-provoking book, you'll uncover the historical roots, current innovations, and future implications of digital payment systems, as well as their profound impact on the concept of money. The book opens with an immersive introduction to the world of digital payments. Witness the rise of technology and its pivotal role in reshaping our financial landscape. Discover how the convenience, speed, and security of digital transactions have revolutionized the way we exchange value, transcending traditional limitations and opening doors to unprecedented possibilities. Structured to provide a comprehensive understanding, each chapter sheds light on a specific facet of digital payment systems. Chapter 1 embarks on a historical journey, tracing the origins and early developments of digital payments. From the emergence of credit cards to the advent of online banking, you'll witness the incremental steps that paved the way for the cashless society we inhabit today. In Chapter 2, you'll delve into the realm of mobile payments, exploring the transformative power of smartphones and mobile wallets. Discover how these innovations have transformed the way we pay, enabling seamless transactions at our fingertips. Uncover the potential of mobile payment ecosystems and the implications for businesses and consumers alike. Chapter 3 takes a closer look at the revolutionary impact of contactless payments and the integration of payment capabilities into everyday devices. Explore the intersection of payment technology and the Internet of Things (IoT), where smart devices seamlessly facilitate transactions, ushering in a new era of convenience and interconnectedness. In Chapter 4, peer-to-peer (P2P) payments take center stage. Delve into the world of digital wallets, payment apps, and blockchain-based solutions, witnessing the power of direct and instant transfers between individuals. Understand how P2P payments are reshaping financial interactions and challenging traditional banking models. Chapter 5 propels you into the realm of cryptocurrencies and decentralized finance. Unravel the potential of digital currencies such as Bitcoin and Ethereum, and grasp the revolutionary nature of blockchain technology. Explore the transformative impact of decentralized finance and the possibilities it holds for disrupting traditional financial systems. Chapter 6 uncovers the concept of Central Bank Digital Currencies (CBDCs) and their role in the future of money. Delve into the motivations, challenges, and potential implications of CBDCs, as central banks explore digital alternatives to physical cash. Gain insights into the potential benefits and concerns associated with this emerging form of digital currency. The book concludes with Chapter 7, where you'll gaze into the horizon of the future of money. Explore the impact of emerging technologies, such as artificial intelligence, biometrics, and quantum computing, on the evolution of digital payment systems. Reflect on the societal, economic, and regulatory challenges that lie ahead and envision a future where money is redefined in the digital age. "Beyond Cash: The Evolution of Digital Payment Systems and the Future of Money" is your essential guide to understanding the transformative journey from cash to digital payments. Whether you're a curious observer, a technophile, or a financial professional, this book equips you with the knowledge to navigate the complexities of digital payment systems and prepare for the future of money. Embark on this enlightening journey and discover the limitless possibilities that lie beyond cash.
Download or read book The Future of Mobile Digital Contactless Payments written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Cashless Revolution written by J Chambers and published by Independently Published. This book was released on 2024-08-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Cashless Revolution: How Gen Alpha and Gen Z are Transforming Payments In The Cashless Revolution, discover how the tech-savvy Gen Alpha and Gen Z are reshaping the financial landscape and driving the world toward a cashless society. This insightful book delves into the rapid adoption of digital wallets and payment apps, revealing the key factors behind their popularity among these influential generations. Explore the pivotal role of digital payments in promoting financial inclusion, enhancing consumer experience, and transforming traditional banking and financial services. With detailed case studies from global leaders like M-Pesa, WeChat Pay, and UPI, this book provides a comprehensive overview of how digital wallets are bridging the gap for the unbanked and revolutionizing mobile money. Learn about the regulatory frameworks and security measures that ensure the safe use of contactless payments, and understand how governments and financial institutions can leverage these technologies to foster innovation and drive economic growth. Discover the latest trends in blockchain, cryptocurrencies, and super apps, and how they are poised to further disrupt the financial ecosystem. Perfect for anyone interested in the future of fintech, e-commerce, and digital transformation, The Cashless Revolution offers a thorough analysis of the opportunities and challenges that lie ahead. Whether you are a business leader, financial professional, policymaker, or simply curious about the evolving world of finance, this book provides valuable insights into the forces shaping the future of money.
Download or read book Handbook of Industry 4 0 and SMART Systems written by Diego Galar Pascual and published by CRC Press. This book was released on 2019-09-16 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industry 4.0 refers to fourth generation of industrial activity characterized by smart systems and internet-based solutions. This book describes the fourth revolution based on instrumented, interconnected and intelligent assets. The different book chapters provide a perspective on technologies and methodologies developed and deployed leading to this concept. With an aim to increase performance, productivity and flexibility, major application area of maintenance through smart system has been discussed in detail. Applicability of 4.0 in transportation, energy and infrastructure is explored, with effects on technology, organisation and operations from a systems perspective.
Download or read book Transforming Payment Systems in Europe written by Jakub Górka and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mobile Payment Adoption written by Yuqian Xu and published by . This book was released on 2020 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid development of financial technologies has brought about novel mobile payments for consumers. In this study, we seek to investigate the impact of mobile payment adoption on consumer consumption behaviors, and the interrelationships between mobile payment and other existing payment methods. Adopting this new financial technology may substantially change consumer multichannel consumption behaviors, thereby posing challenges to multichannel operations management. Questions such as whether mobile payments simply represent an innovation that chips away at older technologies, or whether intrinsic interrelationships among different payment methods exist beyond simple substitutions between generations of technology, are yet to be answered. We rely on a unique data set from a large Asian bank, which records transactions of 2,016,132 credit cards from 1,541,769 consumers based on different payment methods. The mobile payment under study in this paper is from Alipay, which is now the largest mobile payment platform in the world. We employ the difference-in-differences method coupled with matching to quantify the impact of mobile payment adoption. Our findings show that mobile payment adoption leads to a 2.93% increase in total transaction amount and a 7.14% increase in total transaction frequency. Furthermore, we show that mobile payments act as a substitute to physical-card payments and lead to declines in transactions with physical cards. However, interestingly, the overall transaction activities through offline channels still increase due to the enhanced usage of mobile payments. Finally, we find that mobile payments act as a complement to personal computer (PC) payments and lead to an increase in transactions through online channels. Our work offers managerial implications for bank and retail managers on multichannel operations management by disentangling these countervailing consumer behaviors associated with mobile payment adoption.
