Past, present and future of mobile payments research: A literature review

  • Authors:

  • Tomi Dahlberg;Niina Mallat;Jan Ondrus;Agnieszka Zmijewska

  • Affiliations:

  • Helsinki School of Economics, P.O. Box 1210, 00101 Helsinki, Finland;Helsinki School of Economics, P.O. Box 1210, 00101 Helsinki, Finland;Ecole des HEC, University of Lausanne, Internef, 1015 Dorigny, Switzerland;University of Technology, Sydney, 235 Jones Street, Broadway NSW 2007, Australia

  • Venue:
  • Electronic Commerce Research and Applications
  • Year:
  • 2008

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Abstract

The mobile payment services markets are currently under transition with a history of numerous tried and failed solutions, and a future of promising but yet uncertain possibilities with potential new technology innovations. At this point of the development, we take a look at the current state of the mobile payment services market from a literature review perspective. We review prior literature on mobile payments, analyze the various factors that impact mobile payment services markets, and suggest directions for future research in this still emerging field. To facilitate the analysis of literature, we propose a framework of four contingency and five competitive force factors, and organize the mobile payment research under the proposed framework. Consumer perspective of mobile payments as well as technical security and trust are best covered by contemporary research. The impacts of social and cultural factors on mobile payments, as well as comparisons between mobile and traditional payment services are entirely uninvestigated issues. Most of the factors outlined by the framework have been addressed by exploratory and early phase studies.