Research on mobile payment technology and business models in China under e-commerce environment

Abstract

Mobile payment is one rapidly-adopting alternative payment method especially in Asia such as Japan, Korea. As 3G service gets increasingly popularized in China, Mobile payment business has evolved into its growth period. Contactless mobile payment characterized by RFID will impact e-commerce market greatly. Payment technology and business model are certain to determine the success of mobile payment. In this paper, mobile payment key enabling technology in China is analyzed and the advantages and disadvantages of various techniques are compared. We also discuss four popular mobile business models and give some typical examples implemented in China. Finally current problems and development trends in Chinese mobile payment are pointed out. © 2010 Springer-Verlag Berlin Heidelberg.