Comparative Study on Various Methods and Types of Mobile Payment System

Singh, Basudeo; Jasmine, K. S.

doi:10.1109/mncapps.2012.44

Cited by 13 publications

(11 citation statements)

References 6 publications

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“…Mobile technology provides a variety of possible payment methods that have been applied to date, including [17,19]:  SMS -Short Message Service. Short message service (SMS) allows a text with a maximum length of 160 characters that can be sent via mobile phone.…”

Section: B the Variety Of Mobile Payment Systemmentioning

confidence: 99%

“…Mobile payment technology must be able to develop to support increasingly sophisticated operating systems on mobile phones and be able to adapt existing systems to enable consumers to benefit from the benefits of using mobile payment technology and to ensure the security of payment transactions for users [17]. Also, to be accepted in the global market, mobile payment services must be able to meet general criteria, among others [18,19]:  Simple and Easy to Use. A payment system utilizing technological updates must be easy for users to understand when implemented.…”

Section: Introductionmentioning

confidence: 99%

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The Influence of Technology Innovation and Social Media on the Use of Mobile Payment in Indonesia

Oktavianni JM*,

Napitupulu

2019

IJRTE

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Mobile payment services are recently draw special attention of business people in banking and financial technology in Indonesia. The development is based on the use of technological innovations to increase company value and convenience of consumers in the transaction. However, the mobile payment function is not quite attached to the daily needs of users. Besides, by following the growing trends and times that are fully digital, either old or new business people alike want to get as many consumers as possible. Then, to make it happen, they use social media to attract the attention of consumers. Therefore, this study aims to determine whether the technological innovations that companies build in mobile payment services have a significant influence on users' decisions to use their services. And whether using the role of social media significantly influences the trust and loyalty of consumers to the mobile payment service they use. This research was conducted in Jakarta, Indonesia as one of the cities with more dominant mobile payment users. This study uses the methodology of the Technology Acceptance Test (TAM), Diffusion of Innovation Technology (DOIT), and Social Media based on Brand Trust and Loyalty as a research model, as well as distributing questionnaires for use as analysis material. Analysis conducted in this study is following Structural Equation Modeling (SEM) and data processing was using Amos version 23 Statistical Package for the Social Science (SPSS). The results of the study indicated that most variables have an impact on Actual System Use mediated by Intention to Adopt

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Section: B the Variety Of Mobile Payment Systemmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Influence of Technology Innovation and Social Media on the Use of Mobile Payment in Indonesia

Oktavianni JM*,

Napitupulu

2019

IJRTE

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“…If step 2 query result its ok, three internal transaction credentials are sent to both financial institutions and settlement bank. 4. Issuer bank requests verification code from the sender.…”

Section: Proposed Solutionmentioning

confidence: 99%

“…In fact, the global worldwide m-payment market will reach over 450 million users and transaction value of over US $ 721 billion by 2017, according to Gartner group forecast [3]. The problem, however, is that many mobile phones are still not connected to the Internet, and for such mobiles to take advantage of mobile payment, technologies such as Interactive Voice Response (IVR), Short Message Service (SMS), and Unstructured Supplementary Service Data (USSD) are required [4].…”

Section: Introductionmentioning

confidence: 99%

Introducing Speedy Pay: A New Mobile Payment Scheme

Obaid¹

2017

IJIMT

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We propose a novel scheme that can satisfy all types of payments through mobile phones, fulfill the needs of all stakeholders and still keep a robust relationship between efficiency and security. The proposed scheme is built to achieve high level of security and reliable infrastructure. This will eliminate new expenses, minimize the overheads on all stakeholders and can result in time savings of around 90% in implementation and market. Our proposed system is a new communication network that directly connects banks to their customers through mobile phones. All bank services become readily available anytime and anywhere. Our system enables individuals, point of sale, service provider or any other entity to access their own bank accounts. It relieves users from the need to carry cash or credit cards; they can therefore pay bills, transfer money, receive payments, or make reservations by using their mobile phone in real time.

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“…Furthermore, significant parts of the world still do not have an internet connection. As such, mobile phones remain the device of choice for making payments as people adopt technologies such as Interactive Voice Response (IVR), Short Message Service (SMS), and Unstructured Supplementary Service Data (USSD) [9].…”

Section: Introductionmentioning

confidence: 99%

Instant Secure Mobile Payment Scheme

2019

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We propose a new communication network that directly connects banks to their customers through mobile phones. Our scheme aims to fulfill the needs of all stakeholders, achieve a high level of security without sacrificing efficiency, and have a reliable infrastructure. It will eliminate new expenses, minimize the overheads on all stakeholders, and result in time savings in implementation and marketing. All bank services will become readily available anytime and anywhere; besides, it will enable individuals, point of sale, service provider, or any other entity to access their own bank accounts. It will also relieve users from the need to carry cash or credit cards since they will be able to pay bills, transfer money, receive payments, or make reservations by using their mobile phone in real time.INDEX TERMS Mobile payment, M-payment method, real-time payment, M-commerce.

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Comparative Study on Various Methods and Types of Mobile Payment System

Cited by 13 publications

References 6 publications

The Influence of Technology Innovation and Social Media on the Use of Mobile Payment in Indonesia

The Influence of Technology Innovation and Social Media on the Use of Mobile Payment in Indonesia

Introducing Speedy Pay: A New Mobile Payment Scheme

Instant Secure Mobile Payment Scheme

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