Research On Influencing Factors Of Mobile Payment Developmen

In recent years,due to the development of internet technology and the widespread use of smart phones,mobile payment has become one of the most accepted payment tools in China.Mobile payment refers to a new type of payment method that uses mobile communication networks to pay for goods through mobile devices.Compared with other payment systems,mobile payment has the characteristics of versatility and convenience,thus saving time and cost.According to statistics from i Research in 2019,China has become the world's largest mobile payment country.The scale of third-party mobile payment transactions in China reached 226.1 trillion yuan,an increase of 18.7%year-on-year.With the popularization of smart phones,mobile payment has spread throughout the urban and rural areas.The two mobile payment giants in China such as Alipay and We Chat,account for more than 90% of the domestic mobile payment market.With the continuous penetration of mobile payment in various industries,mobile payment is likely to replace cash payment and bank card payment and become the mainstream payment method.The development of mobile payment in the future will further change people's lives.Therefore,this research paper takes the development of mobile payment as the research area and analyzes the influencing factors of the development of mobile payment from the demand side and the supply side respectively,which has important theoretical and practical significance meaning to acerlating the development of mobile payment in research value.The existing literatures only have scattered discussion on mobile payment focus on issues such as willingness to use mobile payment and risk on mobile payment.None of the literatures focus on global mobile payment development.What is the current situation of the overall global mobile payment development? What are the core factors affecting the development of mobile payment? China is now become the largest country to use the mobile payment in the world.What is the relationship between mobile payment and traditional payment in China? To answer these questions systematically,this paper conducts an empirical study on the factors affecting the development of mobile payment in multiple countries.The research conclusions of this paper have given significance indication of global view for mobile payment development.In view of the above issues,this paper will be divided into eight chapters for detailed outline as follows:Chapter one is an introduction.Based on the background and current situation of the mobile payment development.It points out the problems and research target.The research framework includes the research contents,research method and the contribution of the result.Chapter two is literatures review.This chapter is the main theoretical basis of the full text research.It sorts out and evaluates the existing literatures from the concept of mobile payment,related research on mobile payment,and the influencing factors of mobile payment.Based on the literature theories to form the later part of in-depth analysis.Chapter three is outlined the global mobile payment history,evolution,and development of mobile payment.This part first explains the evolution and history of mobile payment development.Secondly,by collecting global statistical data and it comes out to conduct detailed analysis on the Asia-Pacific market,the US market,the European market,the Middle East market,the Latin American market,and the African market.Finally,it also analyzes the mobile payment development in Chinese Mainland,and introduces typical mobile payment operators such as Alipay,We Chat Pay business model and revenue model.In additions,this chapter also outlined Hong Kong mobile payment operators' business model and overall market situation.Chapter four is the influencing factors of the development of mobile payment——an empirical analysis based on the demand-driven perspective.This chapter takes the demand dynamic factors that affect the development of mobile payment as the starting point,uses panel data from 19 representative countries(regions)around the world from 2011 to 2016,and conducts empirical study by constructing a panel fixed effect model and a panel quantile model.The main research conclusions are as follows:From the perspective of mobile payment market demand,the population of mobile payment users and the number of mobile phones have a significant positive impact on the development of mobile payment;from the perspective of the depth of mobile payment market demand,household consumption expenditures The development of mobile payment has a acerlatering effect;from the perspective of credit information gaps,the credit information depth index has a negative correlation with the development of mobile payment.Chapter five is the influencing factors of the development of mobile payment——an empirical analysis based on the supply-driven perspective.This chapter uses panel data from 19 representative countries(regions)around the world from 2011 to 2016.It builds a panel smooth conversion model to analyze the impact of traditional payment and mobile payment momentum respectively.The following main research conclusions are obtained: ATM coverage rate in the low range has a significant inhibitory effect on the development of mobile payment;the influence of POS coverage rate on mobile payment is always negative in different ranges,and there is a substitute relationship with the development of mobile payment;per capita The coverage of network equipment in the high range has a positive effect on the development of mobile payment;the influence of the coverage of mobile network on mobile payment is always positive in different ranges.Chapter six is the analysis of the inter-relation between mobile payment and traditional payment in Chinese Mainland.This chapter selects quarterly data from 2013 to 2019,and constructs VAR models from two aspects such as number of transactions and transaction amounts between mobile payment and traditional payment represented by bank card payment.It conducts robustness test and validation.Co-integration test,VAR auto regression model,impulse response function analysis,Granger causality test,and variance analysis.The results of the study show that there is a significant negative relationship between the increase in the number of mobile payments in the lagging period and the increase in the number of bank card payments in the current period;the continuous increase in the number of mobile payment transactions and transaction amount will lead to the number and transaction amount of bank card payment transactions.The number of mobile payment transactions and the amount of mobile payment transactions are both the Granger reason for the number of bank card payment transactions and the transaction amount,respectively,but the number of transactions and transaction amount paid by bank cards are not the number of mobile payment transactions and transaction amount for Granger reason.Chapter seven is outlined the global mobile payment current overview and trends.This chapter analyzes the development environment of the global mobile payment industry.It includes the macroeconomic environment,policy enforcement and technology environment.In additions,it analyzes the development characteristics of the mobile payment industry.Finally,it analyzes the outlook for the development of mobile payment.Chapter eight is research conclusions,policy recommendations and research prospects.This part summarizes the research conclusions of the previous chapters and recommend policies to enforce.In additions,these suggested policies will be of use for future research.Based on the current research,this paper mainly supplements and expands from the following aspects:(1)In terms of research perspective,most of the relevant papers on mobile payment in the existing literature are broadly focus on the willingness to use mobile payment,the risk of use mobile payment,and the business model of mobile payment etc.In additions,we cannot find any papers to research the global mobile payment topics.As a result,this paper has started to research various countries mobile payment development situation and conducted research on various factors affecting mobile payment based on multinational panel data and find the impact on the core factor of mobile payment.(2)In terms of research content,based on the theory of demand and supply,this research starts from the two aspects of demand-driven and supply-driven development of mobile payment and uses empirical analysis to analyze the impact of the two core factors of supply and demand on the development of global mobile payments of various countries.At the same time,this paper also included China traditional payment and mobile payment in the same model,and the interaction between traditional payment and mobile payment is analyzed,which provides a useful reference for China mobile payment industry as a solid foundation of mobile payment development in terms of supply,demand and market structure.Hence,based on the research conclusions,this article classifies the mobile development models of various countries and predicts their future development trends,which is also a major break-through with this new concept of this research paper.(3)In the related research on mobile payment,there is no literature using multicountry panel data for empirical analysis.This research paper may become the first one.In terms of empirical data,the limitation of existing domestic and foreign research is that the data sources are limited,and they can only be concentrated in small areas or specific groups,and most of them are collected in the form of questionnaires.The data collected in this way is subjective.Higher data quality is difficult to guarantee,which makes the research conclusions of different literatures different or even opposite.In view of the current research papers has made slow progress in the research of mobile payment behaviors across countries and even on a global scale.It is almost a research gap.The research has limited reference research value for the current globalization trend of payment industry products.To conduct a better empirical research on the influencing factors of mobile payment,this paper uses transnational panel data to analyze the demand and supply drivers of mobile payment development.The data mainly comes from the macroeconomic database of IMF,World Bank,the official statistical websites of various countries and some payment industry unique special databases such as Global Data and Euromonitor payment industry professional databases provide relevant data and consumer payment behavior data.The data is sufficient and basically covers all major economies in the world.The research results will be very representative with high value in both practical and research value.