MOBILE PAYMENTS AND MAJOR SHIFTS IN CONSUMER BEHAVIOUR
Claudiu Chiriac (),
Gheorghe Hurduzeu (),
Andreea-Alexandra Chiriac (Rosca) () and
Ioana-Coralia Zavera ()
Additional contact information
Claudiu Chiriac: Faculty of International Business and Economics, The Bucharest University of Economic Studies, Bucharest, Romania
Gheorghe Hurduzeu: Faculty of International Business and Economics, The Bucharest University of Economic Studies, Bucharest, Romania
Andreea-Alexandra Chiriac (Rosca): Faculty of Marketing, The Bucharest University of Economic Studies, Bucharest, Romania
Ioana-Coralia Zavera: Faculty of International Business and Economics, The Bucharest University of Economic Studies, Bucharest, Romania
Oradea Journal of Business and Economics, 2018, vol. 3, issue 1, 76-83
Considering the fact that in China, in 2016 solely, the mobile payment volume was around $5 trillion – half of its gross domestic product, carried out through two main competitors – Alipay and Wechat Pay, it is becoming more and more clearer that companies will invest piles of money in order to process the payments of the millions of potential users. With banking industry shaken by the different modifications of rules and regulations and consumers addicted to latest gadgets, the tech companies may have the pole position in this race. Apple is charging each Apple Pay user with 0.15% per transaction which may not seem a lot, but taking into account that in 2015 iPhone users traded over $10.9 billion we can see why tech companies are eager to develop payment applications. In this paper are presented briefly the newest means of payment and how are those influenced or not by the mainstream legislation. The most important piece in the gear – end-user – has to keep up with all the novelties in this sector and, as consequence, some behavioral patterns occur. Those are presented further in the text altogether with some trends in financial services that may influence the mobile payments market as we know it.
Keywords: payments; biometric; portal; web rooming (search for similar items in EconPapers)
JEL-codes: E42 O33 M31 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://ojbe.steconomiceuoradea.ro/wp-content/uploa ... OJBE_31_p7_76-83.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ora:jrojbe:v:3:y:2018:i:1:p:76-83
Access Statistics for this article
More articles in Oradea Journal of Business and Economics from University of Oradea, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Tomina SAVEANU ().