research-article

The race to dominate the mobile payments platform

Authors:

Kalina S. Staykova,

Jan DamsgaardAuthors Info & Claims

Electronic Commerce Research and Applications, Volume 14, Issue 5

Pages 319 - 330

https://doi.org/10.1016/j.elerap.2015.03.004

Published: 01 September 2015 Publication History

Abstract

Graphical abstractDisplay Omitted Investigates various factors that determine the success of a mobile payments solution.Builds a framework to analyze the entry and expansion strategies of digital payment solutions providers.Reports that the timing of entry of the first-mover speeds up the time of entry of the early followers.Shows that the timing of expansion is of equal importance as the timing of entry.If the expansion is not executed within an appropriate amount of time, the firm-level competitive advantage will be weakened. The payment market has been stable for a number of decades with well-defined roles (acquirers and issuers), profitable business models (the card schemes) and a dominant design in which the merchants absorb the costs associated with payments. However, numerous digital payment solutions, which rely on new disruptive technologies, are emerging on the payment market, transforming the payment area from being established into a state of flux. In this article, we investigate the various factors that determine the success of a given solution. To this end, we build a framework to analyze the entry and expansion strategies of the digital payment solutions. We claim that the timing of entry of the first-mover speeds up the timing of entry of the early follower, thus determining the order of entry. We also argue that the timing of expansion is of equal importance as the timing of entry. If the expansion is not executed within the optimal time, the previously gained competitive advantage can be annulled.

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Zhu PMiao CWang ZLi X(2023)Informational cascade, regulatory focus and purchase intention in online flash shoppingElectronic Commerce Research and Applications10.1016/j.elerap.2023.10134362:COnline publication date: 1-Nov-2023
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https://dl.acm.org/doi/10.1016/j.elerap.2022.101201
Jocevski MGhezzi AArvidsson N(2020)Exploring the growth challenge of mobile payment platformsElectronic Commerce Research and Applications10.1016/j.elerap.2019.10090840:COnline publication date: 1-Mar-2020
https://dl.acm.org/doi/10.1016/j.elerap.2019.100908
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Index Terms

The race to dominate the mobile payments platform
1. Applied computing
  1. Enterprise computing
    1. Business process management

Index terms have been assigned to the content through auto-classification.

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cover image Electronic Commerce Research and Applications

Electronic Commerce Research and Applications Volume 14, Issue 5

September 2015

133 pages

ISSN:1567-4223

Issue’s Table of Contents

Copyright © Elsevier B.V.

Publisher

Elsevier Science Publishers B. V.

Netherlands

Publication History

Published: 01 September 2015

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Cited By

Zhu PMiao CWang ZLi X(2023)Informational cascade, regulatory focus and purchase intention in online flash shoppingElectronic Commerce Research and Applications10.1016/j.elerap.2023.10134362:COnline publication date: 1-Nov-2023
https://dl.acm.org/doi/10.1016/j.elerap.2023.101343
Yao CMo YZhang Z(2022)A study on interplatform competition based on a Lotka–Volterra competition model focusing on network externalityElectronic Commerce Research and Applications10.1016/j.elerap.2022.10120156:COnline publication date: 1-Nov-2022
https://dl.acm.org/doi/10.1016/j.elerap.2022.101201
Jocevski MGhezzi AArvidsson N(2020)Exploring the growth challenge of mobile payment platformsElectronic Commerce Research and Applications10.1016/j.elerap.2019.10090840:COnline publication date: 1-Mar-2020
https://dl.acm.org/doi/10.1016/j.elerap.2019.100908
Mahgoub YArvidsson NUrueña A(2018)Emergence of a Digital Platform Based Disruptive Mobile Payments ServiceInternational Journal of E-Business Research10.4018/IJEBR.201807010114:3(1-19)Online publication date: 1-Jul-2018
https://dl.acm.org/doi/10.4018/IJEBR.2018070101
Madureira A(2017)Factors that hinder the success of SIM-based mobile NFC service deploymentsTelematics and Informatics10.1016/j.tele.2016.05.00334:1(133-150)Online publication date: 1-Feb-2017
https://dl.acm.org/doi/10.1016/j.tele.2016.05.003
Staykova KDamsgaard J(2016)Adoption of mobile payment platformsJournal of Theoretical and Applied Electronic Commerce Research10.4067/S0718-1876201600030000611:3(65-84)Online publication date: 1-Sep-2016
https://dl.acm.org/doi/10.4067/S0718-18762016000300006
Hsiao KChen C(2016)What drives in-app purchase intention for mobile games? An examination of perceived values and loyaltyElectronic Commerce Research and Applications10.1016/j.elerap.2016.01.00116:C(18-29)Online publication date: 1-Mar-2016
https://dl.acm.org/doi/10.1016/j.elerap.2016.01.001
(2015)A critical review of mobile payment researchElectronic Commerce Research and Applications10.1016/j.elerap.2015.07.00614:5(265-284)Online publication date: 1-Sep-2015
https://dl.acm.org/doi/10.1016/j.elerap.2015.07.006

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