Adoption of Mobile Payment Platforms

Managing Reach and Range

    Research output: Contribution to journalJournal articleResearchpeer-review

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    Abstract

    Numerous mobile payment solutions, which rely on new disruptive technologies, have been launched on the payment market in recent years. But despite the growing number of mobile payment apps, very few solutions have turned to be successful as the majority of them fail to gain a critical mass of users. In this paper, we investigate successful platform adoption strategies by using the Reach and Range Framework for Multi-Sided Platforms as a strategic tool to which mobile payment providers can adhere in order to tackle some of the main challenges they face throughout the evolution of their platforms. The analysis indicates that successful mobile payment solutions tend to be launched as one-sided platforms and then gradually be expanded into being two-sided. Our study showcases that the success of mobile payment platforms lies with the ability of the platform to balance the reach (number of participants) and the range (features and functionalities) of the platform.
    Original languageEnglish
    JournalJournal of Theoretical and Applied Electronic Commerce Research
    Volume11
    Issue number3
    Pages (from-to)65-84
    ISSN0718-1876
    DOIs
    Publication statusPublished - 2016

    Keywords

    • Mobile payments
    • Multi-sided platforms
    • Platform adoption
    • Platform strategy
    • Case studies

    Cite this

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    title = "Adoption of Mobile Payment Platforms: Managing Reach and Range",
    abstract = "Numerous mobile payment solutions, which rely on new disruptive technologies, have been launched on the payment market in recent years. But despite the growing number of mobile payment apps, very few solutions have turned to be successful as the majority of them fail to gain a critical mass of users. In this paper, we investigate successful platform adoption strategies by using the Reach and Range Framework for Multi-Sided Platforms as a strategic tool to which mobile payment providers can adhere in order to tackle some of the main challenges they face throughout the evolution of their platforms. The analysis indicates that successful mobile payment solutions tend to be launched as one-sided platforms and then gradually be expanded into being two-sided. Our study showcases that the success of mobile payment platforms lies with the ability of the platform to balance the reach (number of participants) and the range (features and functionalities) of the platform.",
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    Adoption of Mobile Payment Platforms : Managing Reach and Range. / Staykova, Kalina Stefanova; Damsgaard, Jan.

    In: Journal of Theoretical and Applied Electronic Commerce Research, Vol. 11, No. 3, 2016, p. 65-84.

    Research output: Contribution to journalJournal articleResearchpeer-review

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