Business Models for NFC Based Mobile Payments

Johannes Sang-Un Chae; Jonas Hedman

doi:10.5278/ojs.jbm.v3i1.1046

Business Models for NFC Based Mobile Payments

Johannes Sang-Un Chae, Jonas Hedman

Research output: Contribution to journal › Journal article › Research › peer-review

196 Downloads (Pure)

Abstract

Purpose: The purpose of the paper is to develop a business model framework for NFC based mobile payment solutions consisting of four mutually interdepended components: the value service, value network, value architecture, and value finance.
Design: Using a comparative case study method, the paper investigates Google Wallet and ISIS Mobile Wallet and their underlying business models.
Findings: Google Wallet and ISIS Mobile Wallet are focusing on providing an enhanced customer experience with their mobile wallet through a multifaceted value proposition. The delivery of its offering requires cooperation from multiple stakeholders and the creation of an ecosystem. Furthermore, they focus on the scalability of their value propositions.
Originality / value: The paper offers an applicable business model framework that allows practitioners and academics to study current and future mobile payment approaches.

Original language	English
Journal	Journal of Business Models
Volume	3
Issue number	1
Pages (from-to)	29-48
ISSN	2246-2465
DOIs	https://doi.org/10.5278/ojs.jbm.v3i1.1046
Publication status	Published - 2015

Keywords

NFC
Mobile payment
Mobile wallet
Business model

Access to Document

10.5278/ojs.jbm.v3i1.1046Licence: Unspecified

jonas_hedman_business_models_for_nfc_publishersversionFinal published version, 813 KBLicence: CC BY-NC-ND

Find title in CBS Library

Cite this

Chae, J. S-U., & Hedman, J. (2015). Business Models for NFC Based Mobile Payments. Journal of Business Models, 3(1), 29-48. https://doi.org/10.5278/ojs.jbm.v3i1.1046

@article{0e33c9894d814891a662375953192adf,

title = "Business Models for NFC Based Mobile Payments",

abstract = "Purpose: The purpose of the paper is to develop a business model framework for NFC based mobile payment solutions consisting of four mutually interdepended components: the value service, value network, value architecture, and value finance.Design: Using a comparative case study method, the paper investigates Google Wallet and ISIS Mobile Wallet and their underlying business models.Findings: Google Wallet and ISIS Mobile Wallet are focusing on providing an enhanced customer experience with their mobile wallet through a multifaceted value proposition. The delivery of its offering requires cooperation from multiple stakeholders and the creation of an ecosystem. Furthermore, they focus on the scalability of their value propositions.Originality / value: The paper offers an applicable business model framework that allows practitioners and academics to study current and future mobile payment approaches.",

keywords = "NFC, Mobile payment, Mobile wallet, Business model, NFC, Mobile payment, Mobile wallet, Business model",

author = "Chae, {Johannes Sang-Un} and Jonas Hedman",

year = "2015",

doi = "10.5278/ojs.jbm.v3i1.1046",

language = "English",

volume = "3",

pages = "29--48",

journal = "Journal of Business Models",

issn = "2246-2465",

publisher = "Aalborg Universitetsforlag",

number = "1",

}

TY - JOUR

T1 - Business Models for NFC Based Mobile Payments

AU - Chae, Johannes Sang-Un

AU - Hedman, Jonas

PY - 2015

Y1 - 2015

N2 - Purpose: The purpose of the paper is to develop a business model framework for NFC based mobile payment solutions consisting of four mutually interdepended components: the value service, value network, value architecture, and value finance.Design: Using a comparative case study method, the paper investigates Google Wallet and ISIS Mobile Wallet and their underlying business models.Findings: Google Wallet and ISIS Mobile Wallet are focusing on providing an enhanced customer experience with their mobile wallet through a multifaceted value proposition. The delivery of its offering requires cooperation from multiple stakeholders and the creation of an ecosystem. Furthermore, they focus on the scalability of their value propositions.Originality / value: The paper offers an applicable business model framework that allows practitioners and academics to study current and future mobile payment approaches.

AB - Purpose: The purpose of the paper is to develop a business model framework for NFC based mobile payment solutions consisting of four mutually interdepended components: the value service, value network, value architecture, and value finance.Design: Using a comparative case study method, the paper investigates Google Wallet and ISIS Mobile Wallet and their underlying business models.Findings: Google Wallet and ISIS Mobile Wallet are focusing on providing an enhanced customer experience with their mobile wallet through a multifaceted value proposition. The delivery of its offering requires cooperation from multiple stakeholders and the creation of an ecosystem. Furthermore, they focus on the scalability of their value propositions.Originality / value: The paper offers an applicable business model framework that allows practitioners and academics to study current and future mobile payment approaches.

KW - NFC

KW - Mobile payment

KW - Mobile wallet

KW - Business model

KW - NFC

KW - Mobile payment

KW - Mobile wallet

KW - Business model

UR - http://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=3710000000316687&rft.object_portfolio_id=&svc.holdings=yes&svc.fulltext=yes

U2 - 10.5278/ojs.jbm.v3i1.1046

DO - 10.5278/ojs.jbm.v3i1.1046

M3 - Journal article

VL - 3

SP - 29

EP - 48

JO - Journal of Business Models

JF - Journal of Business Models

SN - 2246-2465

IS - 1

ER -