The Impact of Mobile Payment Channel on Consumer Consumption: Evidence from Alipay

Xu, Yuqian; Ghose, Anindya; Xiao, Binqing

doi:10.2139/ssrn.3270523

Cited by 9 publications

(13 citation statements)

References 54 publications

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“…Analysis based on available data shows statistically significant results, indicating that the behavior and intention to use e-money are positively influenced by the existence of outsiders who provide useful and practical assessments of their attributes in a meaningful way. The significance of these findings supports previous research that applied TPB and UTAUT as a whole in the context of non-cash transaction payments [26,27,46,53]. Attitudes towards e-money are the closest explanatory variable in the hypothesis model tested in this paper.…”

Section: Model Evaluationsupporting

confidence: 88%

“…These results support previous research applied in a variety of contexts. For example, in the case of online shopping, it was stated that shopping behavior online or through the internet was influenced by a person's attitude towards the shopping system [44,45] in the context of mobile banking adoption [46], use of non-cash systems [27], and adoption of smart home technology [47]. More specifically, it supports research carried out in the context of the use of electronic payments, mobile payments, the use of e-money, and similar topics [48,49].…”

Section: Model Evaluationmentioning

confidence: 99%

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E-Money Payment: Customers’ Adopting Factors and the Implication for Open Innovation

Widayat

Masudin

Satiti

2020

Journal of Open Innovation: Technology, Market, and Complexity

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This investigation was carried out on the adoption of the e-money payment model with the application of a quantitative and qualitative approach (mixed methods). Online questionnaires, which included closed-ended questions on a Likert five-point scale and open-ended questions, were distributed through social media chat groups. Respondent samples were drawn from the population of adolescent customers in Indonesia. The collected questionnaires were verified for accuracy, reliability, and validity before the data were analyzed. Adequate data were used to test the relationship model between latent variables, and the relationship of latent variables in the model was tested using partial least squares by employing Smart-PLS 3.0 software and NVIVO 12 plus. The final analysis shows that the reasons for adopting e-money are practicality and convenience. The main reasons that customers adopt electronic money are its practicality, ease of use, efficient transaction time, faster payment, and the simplicity of the payment process. The final modeling formed good-fit inner and outer models. This model verifies the significant influence of social factors, effort expectancy, and facilitation conditions on e-money attitudes. Additionally, social factors, effort expectancy, and attitudes have a significant influence on e-money behavior.

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Section: Model Evaluationsupporting

confidence: 88%

Section: Model Evaluationmentioning

confidence: 99%

E-Money Payment: Customers’ Adopting Factors and the Implication for Open Innovation

Widayat

Masudin

Satiti

2020

Journal of Open Innovation: Technology, Market, and Complexity

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“…One research stream has discussed the potential advantages of mobile payment; for instance, consumers perceive mobile payment to be more convenient (Boden, Maier, and Wilken 2020) and more secure (Casado-Aranda, Liébana-Cabanillas, and Sánchez-Fernández 2018) than card payment methods. Some researchers have found that the adoption of mobile payment could change consumers’ purchase behaviors such that mobile payment increased consumers’ willingness to pay (Boden, Maier, and Wilken 2020; Liu, Luo, and Zhang 2021) and purchase amount (Lu and Pauwels 2020; Zhang et al 2018). Researchers have also investigated the boundary conditions of the advantages of mobile payment.…”

Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

The Impact of Mobile Payment on Hedonic Preference

Yu¹,

Peng²,

Wang³

2023

Journal of Interactive Marketing

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With the progress of high technologies in payment systems, the usage rate of mobile payment is rapidly growing worldwide. However, whether mobile payment influences consumers’ choices between hedonic and utilitarian products, an important question in the field of consumer well-being research, has not been fully investigated. To address this research gap, the authors examine the influence of mobile payment and traditional payment methods (e.g., cash payment, card payment) on consumers’ preferences for hedonic products. They find that mobile payment triggers consumers’ hedonic mindset, which increases consumers’ preferences for hedonic products. The effect is moderated by mobile device type such that the effect is weaker for smart wearable (vs. mobile phone) payment because smart wearable devices are less associated with a hedonic mindset. This study offers novel insight into the effect of high technologies in payment systems, specifically mobile payment, on consumer well-being and calls for more investigation of the effects of mobile payment.

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“…Xu et al exploit a natural experiment through the Alipay channel adoption to study. Xu et al found that the adoption of the mobile payment channel would be associated with hedonic shopping motivations [5]. Mu and Lee researched factors that are likely to influence the user's intention to adopt a third-party mobile payment platform.…”

Section: Related Researchmentioning

confidence: 99%

Compare the Differences Between Overseas Payment Platforms and Domestic Third Party

Zhao¹,

Zhang²,

Huang³

2022

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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In the third-party payment mode, after purchasing goods, the buyer uses the account provided by the third-party platform to make payment for goods, and the third party notifies the seller of the arrival of payment for goods and requires delivery. The buyer shall notify the third party of payment after receiving the goods, inspecting the goods, and confirming them. The third party will transfer the money to the seller's account. At present, third-party payment platforms have been applied in various countries around the world. Even though different companies have launched third-party payment platforms with similar features, users have different choices. The paper aims to analyze the drivers of third-party payment platforms and to compare the similarities and differences between the mainstream third-party payment platforms in China and the West. This study also analyzes the impact and outlook for third-party platforms in today's digital currency era. At the same time, it points out the risks of today's mobile payment platforms and jointly gives suggestions for improvement to developers and governments. It suggested that the supervision of China's third-party payment platform will become more reasonable and strict.

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The Impact of Mobile Payment Channel on Consumer Consumption: Evidence from Alipay

Cited by 9 publications

References 54 publications

E-Money Payment: Customers’ Adopting Factors and the Implication for Open Innovation

E-Money Payment: Customers’ Adopting Factors and the Implication for Open Innovation

The Impact of Mobile Payment on Hedonic Preference

Compare the Differences Between Overseas Payment Platforms and Domestic Third Party

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