Determinants of success of mobile payments as innovations: An exploratory study based on the extant literature, the M-Pesa, Alipay, and Nubank cases, and the opinion of experts

An important fact related to mobile payments is that adopters have already reached the majority group in more than 40 countries. Despite the growth of mobile payments, only a small portion of the related literature has focused on the topic from an organizational point of view. To fill this gap, this...

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Bibliographic Details
Published inFuture business journal Vol. 9; no. 1; pp. 93 - 18
Main Authors Kawamoto, Carlos Tadao, Spers, Renata Giovinazzo, Fleury, André Leme, Feldmann, Paulo Roberto, Yoshida, Nelson Daishiro
Format Journal Article
LanguageEnglish
Published Berlin/Heidelberg Springer Berlin Heidelberg 01.12.2023
Springer Nature B.V
SpringerOpen
Subjects
Business and Management
Cellular telephones
Coins
Credit cards
Electronic commerce
Evolution
Financial intermediation
Financial services
Innovation
Innovations
Labor force
Literature reviews
Mobile commerce
Mobile payment
Payment instrument
Smartphones
Technological change
Technology Acceptance Model
Brazil
Kenya
China
Payment instrument
Innovation
Mobile payment
O31
Financial intermediation
M13
O32
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Summary:An important fact related to mobile payments is that adopters have already reached the majority group in more than 40 countries. Despite the growth of mobile payments, only a small portion of the related literature has focused on the topic from an organizational point of view. To fill this gap, this paper seeks to identify the main success determinants of firms operating in the segment, looking for relevant characteristics of organizations that are successful in this competitive arena. The investigation carried out a triangulation with the results of a literature review, a case study, and the answers given by a questionnaire applied to a group of specialists from private organizations and the public sector. The results suggest that companies with organic and flexible structures, open communication qualities, and decentralized decision processes increase their chances of success. Furthermore, the results also show that, given non-impeditive regulations, critical mass and the provision of different services other than the payment choice should be considered by firms operating in the mobile payment segment. Graphical Abstract
ISSN:2314-7210
2314-7202
2314-7210
DOI:10.1186/s43093-023-00272-7