Mobile payments in Japan, South Korea and China: Cross-border convergence or divergence of business models?

Miao Miao, Krishna Jayakar

Research output: Contribution to journalArticle

26 Scopus citations

Abstract

Competitive pressures created by the global market, and the demonstration of market potential in one country influences the incentives to adopt successful technologies and business models in similar countries. In this paper, we explore how mobile payment operation models might evolve in China, using the more mature Japanese and South Korean markets for comparison. Comparing existing business models in the three countries, we argue that regulation has affected both the industry structure and the vertical linkages of the different participants in the mobile payments ecosystem. We predict that rather than converging onto the mobile payment models of Japan or South Korea, the Chinese mobile payment industry is likely to see the coexistence of competing business models in the intermediate term. We attribute this to the contradictory incentives created by Chinese financial sector regulation for the participants in the mobile payments industry.

Original languageEnglish (US)
Pages (from-to)182-196
Number of pages15
JournalTelecommunications Policy
Volume40
Issue number2-3
DOIs
StatePublished - Mar 1 2016

All Science Journal Classification (ASJC) codes

  • Human Factors and Ergonomics
  • Information Systems
  • Electrical and Electronic Engineering

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