Context in source publication
... in many physical stores, mobile devices can also be used as payment method. Figure 2 shows the global mobile payment annual transaction volume from 2015 to 2019 . The worldwide mo- bile payment transaction volume in 2015 was 450 billion US dollars and is ex- pected to surpass 1 trillion US dollars in 2019. ...
... Digitization has given a new aspect of the digital payments which is considered to be a biggest platform where the mobile are used to initiate, authorize, authenticate and confirm an exchange of the monetary value in return of goods and services which is considered to be M commerce  . This has become a driving force for the M commerce to enhance the market and encourage the users for buying and selling the required products without any hassle. ...
... The applications need to simple and integrated for better E commerce and Mobile Commerce functionality 10) Issuing and Acquiring Payment : These stakeholders plays major role in completing the cycle of the payment process, as these are the banks where the sender and the receiver transfer and receive the payments through bank involvements. 11) Proprietary payment application providers are the stakeholders who offer the specific services  12) Specialty Application Providers : these stakeholders provide the advantage to the users for the personal and additional benefits by enabling self-payments or one to one payment methods Figure 3 Stakeholders of mobile Payments  ...
Mobile payment systems can be divided into five categories including mobile payment at the POS, mobile payment as the POS, mobile payment platform, independent mobile payment system, and direct carrier billing. Although mobile payment has gained its popularity in many regions due to its convenience, it also faces many threats and security challenges. In this paper, we present a mobile payment processing model and introduce each type of mobile payment systems. We summarize the security services desired in mobile payment systems and also the security mechanisms which are currently in place. We further identify and discuss three security threats, i.e., malware, SSL/TLS vulnerabilities, and data breaches, and four security challenges, i.e., malware detection, multi-factor authentication, data breach prevention, and fraud detection and prevention, in mobile payment systems.
In China, the traditional wallet with cash and credit cards is a distant memory as everything is done through the same app: WeChat. In Germany going out cashless and the idea of paying for coffee with the smartphone seems – at least partly – like science fiction, although research shows that cash is considered “inconvenient”. Starting from a reflection on the two diametrically opposed examples, we attempt to firstly investigate the current payment preferences of German customers, before we secondly elaborate aspects regarding switching to alternative payment methods, i.e., mobile payments. We are wondering: Why do German customers prefer cash payments? and Which factors could affect the switch from cash to mobile payment methods for German customers? To answer these questions, we conducted a three-round Delphi study with eight experts and found, for example, that cash is still preferred because it is more practical as it is accepted by every merchant in Germany. Regarding the switching intentions, one major finding is that large retailers and other key players need to adopt mobile payments as their preferred system, so that customers can become more familiar with it.
Responsible AI and Analytics for an Ethical and Inclusive Digitized Society 20th IFIP WG 6.11 Conference on e-Business, e-Services and e-Society, I3E 2021, Galway, Ireland, September 1–3, 2021, Proceedings: 20th IFIP WG 6.11 Conference on e-Business, e-Services and e-Society, I3E 2021, Galway, Ireland, September 1–3, 2021, Proceedings
This volume constitutes the proceedings of the 20th IFIP WG 6.11 Conference on e-Business, e-Services, and e-Society, I3E 2021, held in Galway, Ireland, in September 2021.* The total of 57 full and 8 short papers presented in these volumes were carefully reviewed and selected from 141 submissions. The papers are organized in the following topical sections: AI for Digital Transformation and Public Good; AI & Analytics Decision Making; AI Philosophy, Ethics & Governance; Privacy & Transparency in a Digitized Society; Digital Enabled Sustainable Organizations and Societies; Digital Technologies and Organizational Capabilities; Digitized Supply Chains; Customer Behavior and E-business; Blockchain; Information Systems Development; Social Media & Analytics; and Teaching & Learning. *The conference was held virtually due to the COVID-19 pandemic.
With this explorative research, we investigate if and how farmers in Rwanda adopt mobile money, or m-money, and integrate it into their everyday life to foster their economic development and social well-being. To this end, we adapt a domestication perspective and base our research on qualitative evidence from 72 semi-structured interviews with farmers in rural Rwanda. Our findings reveal that – where available – Rwandan farmers continuously domesticate m-money. While they acknowledge the convenience of using m-money, they experience three major inhibitors that particularly affect its use for business: (1) limited opportunities for learning about m-money, (2) high and non-transparent costs, and (3) barely accessible network agents with insufficient liquidity. Based on our findings, we discuss how policymakers and service providers can increase the adoption of m-money among farmers, thereby reducing social exclusion of the unbanked and fostering economic growth in Rwanda and other emerging economies.
Technological advancement has fueled various new mobile payment (m-payment) services, which transform the payment industry and help develop established and newly created tourism businesses. However, in emerging markets, users who adopt m-payment services are rare – slowing down the tourism sector’s development. In this paper, taking a multi-stakeholder theoretical perspective on technology adoption, we examine the company-, customer- and country-level drivers and consequences of adopting m-payment services among small and medium-sized enterprises (SMEs) in the Rwandan tourism sector. Our analysis leads to recommendations for m-payment services as levers of tourism sector growth and welfare in emerging countries.