Trends in Mobile Payments in Developing and Advanced Economies

Darren Flood, Tim West and Daniel Wheadon
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Darren Flood: Reserve Bank of Australia
Tim West: Reserve Bank of Australia
Daniel Wheadon: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2013, 71-80

Abstract: As mobile phones have become commonplace throughout the world there has been an increasing focus on their potential use for making payments. Adoption of mobile payments in developing economies has occurred well ahead of that in advanced economies, reflecting the particularly large benefits these systems can provide in some economies. Advanced economies, including Australia, are now seeing the emergence of mobile payments, but generally following very different models to those that have become popular in developing economies. This divergence highlights the fact that mobile payments encompass a range of quite different payment types, each of which appeals in different circumstances.

Keywords: Mobile payment; Mobile money; Mobile wallet; Mobile banking (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (13)

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