Transformation of smart-card-based single-purpose e-micropayment scheme to multi-purpose scheme: A case study

Usage of E-Payment on Bus Rapid Transit (BRT): An Empirical Test, Public Acceptance and Policy Implications in Lagos, Nigeria

“…(Liébana-Cabanillas, Muñoz-Leiva, et al, 2018) found out that electronic usefulness leads to higher intention to accept electronic payment system. Users perception of usefulness of electronic payment system may affect their decisions to make payment through electronic means while making payment (Schierz et al, 2010) It was also discovered by a study that electronic means of payment usefulness leads to higher intention to use (Tan & Tan, 2012) and similar study was also carried out by (Su et al, 2018) which implies that adoption of electronic payment system brings about time saving, convenience and portability. Considering the technical limitations of electronic money, trust becomes an impending driver of technological usefulness to be accepted (Chandra, 2010).…”

“…Lately, the payment system traditionally used in the BRT have been altered by the appearance of electronic card technology(Liébana-Cabanillas, Marinkovic, Ramos de Luna, & Kalinic, 2018), mobile payment is considered by many researchers as one of the applications with the greatest prospective in the business sector (Liébana-Cabanillas, Marinkovic, et al, 2018). Cash transactions are considered to require huge cost of printing new notes and destroying mutilated ones, but the evolution of the electronic card payment system reduces existence of note money and thereby leads to economic gains for the government (Tan & Tan, 2012). Researchers have shown little knowledge of the major drivers in consumer adoption of electronic payment services; they concentrated more on the consumer acceptance of goods and services (Oliveira, Thomas, Baptista, & Campos, 2016).…”