EconPapers    
Economics at your fingertips  
 

Evolutionary Game Analysis of the Partners’ Behavior in the Rural E-Payment Market of China

Jerzy Witold Wiśniewski (), Ewelina Sokołowska (), Jinghua Wu () and Anna Dziadkiewicz ()
Additional contact information
Jerzy Witold Wiśniewski: Department of Econometrics and Statistics, Nicholas Copernicus University, 87-100 Toruń, Poland
Ewelina Sokołowska: Department of Corporate Finance, University of Gdansk, 80-309 Gdańsk, Poland
Jinghua Wu: Post-Doctoral Research Station of Management of Farming & Forestry, Sichuan Agricultural University, Chengdu 610000, China
Anna Dziadkiewicz: Department of Marketing, University of Gdansk, 80-309 Gdańsk, Poland

Risks, 2021, vol. 9, issue 12, 1-14

Abstract: The rural e-payment market in China is becoming one of the important topics in the research field because of its contribution to the efficiency of fund flows in the economy. Further development of the rural e-payment market mainly depends on its partners’ acceptance. In March 2020, 776.08 million people were using mobile payments in China. After the COVID-19 pandemic in China, the Payment and Clearing Association of China launched an action to encourage citizens to use mobile payments. In this article evolutionary game theory is presented. The benefits of e-payments between financial institutions and users are studied. Based on the analysis of the partners’ selection of costs and profits as well as other factors, important conclusions were drawn. The growth of the rural economy is beneficial to the change of the partners’ behavior in the rural e-payment market. Dynamic evolution of the partners’ behavior makes the supply and demand for rural e-payment services consistent. In order to create more benefits, financial institutions will lead the move to merge the rural e-payment market with the China National Advanced Payment System. These research results are beneficial for its growth by developing strategies to encourage more partners to take part in the rural e-payment market in China.

Keywords: rural finance; financial services; payment market; evolutionary game theory (search for similar items in EconPapers)
JEL-codes: C G0 G1 G2 G3 K2 M2 M4 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.mdpi.com/2227-9091/9/12/220/pdf (application/pdf)
https://www.mdpi.com/2227-9091/9/12/220/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jrisks:v:9:y:2021:i:12:p:220-:d:693493

Access Statistics for this article

Risks is currently edited by Dr. Sheryl Yin

More articles in Risks from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().

 
Page updated 2022-01-01
Handle: RePEc:gam:jrisks:v:9:y:2021:i:12:p:220-:d:693493