Abstract
Payment transactions through the use of physical coins, bank notes or credit cards have for centuries been the standard formats of exchanging money. Recently online and mobile digital payment platforms has entered the stage as contenders to this position and possibly could penetrate societies thoroughly and substitute current payment standards in the decades to come. This paper portrays how digital payment paltforms evolve in socio-technical niches and
how various technological platforms aim for institutional attention in their attempt to challenge earlier platforms and standards. The paper applies a co-evolutionary multilevel perspective to model the interplay and processes between technology and society wherein digital payment platforms potentially will substitute other payment platforms just like the credit card negated the check. On this basis this paper formulate a multilevel conceptual framework and shows, through examples of new digital payment platforms, how transitions
and substitutions might occur. Finally we discuss how possible venues and routes of transitions appear in the genesis and evolution of digital payment platforms.
how various technological platforms aim for institutional attention in their attempt to challenge earlier platforms and standards. The paper applies a co-evolutionary multilevel perspective to model the interplay and processes between technology and society wherein digital payment platforms potentially will substitute other payment platforms just like the credit card negated the check. On this basis this paper formulate a multilevel conceptual framework and shows, through examples of new digital payment platforms, how transitions
and substitutions might occur. Finally we discuss how possible venues and routes of transitions appear in the genesis and evolution of digital payment platforms.
Original language | English |
---|---|
Title of host publication | ECIS 2012 Proceedings |
Editors | Jan Pries-Heje, Mike Chiasson, Jonathan Wareham, Xavier Busquets, Josep Valor , Sandra Seiber |
Number of pages | 12 |
Place of Publication | Atlanta, GA |
Publisher | Association for Information Systems. AIS Electronic Library (AISeL) |
Publication date | 2012 |
Chapter | Paper 60 |
ISBN (Electronic) | 9788488971548 |
Publication status | Published - 2012 |
Event | 20th European Conference on Information Systems, ECIS 2012 - Eade Business School, Ramon Llull University, Barcelona, Spain Duration: 10 Jun 2012 → 13 Jun 2012 Conference number: 20 http://www.ecis2012.eu/ |
Conference
Conference | 20th European Conference on Information Systems, ECIS 2012 |
---|---|
Number | 20 |
Location | Eade Business School, Ramon Llull University |
Country/Territory | Spain |
City | Barcelona |
Period | 10/06/2012 → 13/06/2012 |
Internet address |
Series | Proceedings of the European Conference on Information Systems |
---|---|
ISSN | 0000-0034 |