Genesis and Evolution of Digital Payment Platforms

Morten Hjelholt, Jan Damsgaard

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review


    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.
    Original languageEnglish
    Title of host publicationECIS 2012 Proceedings
    EditorsJan Pries-Heje, Mike Chiasson, Jonathan Wareham, Xavier Busquets, Josep Valor , Sandra Seiber
    Number of pages12
    Place of PublicationAtlanta, GA
    PublisherAssociation for Information Systems. AIS Electronic Library (AISeL)
    Publication date2012
    ChapterPaper 60
    ISBN (Electronic)9788488971548
    Publication statusPublished - 2012
    Event20th European Conference on Information Systems, ECIS 2012 - Eade Business School, Ramon Llull University, Barcelona, Spain
    Duration: 10 Jun 201213 Jun 2012
    Conference number: 20


    Conference20th European Conference on Information Systems, ECIS 2012
    LocationEade Business School, Ramon Llull University
    Internet address
    SeriesProceedings of the European Conference on Information Systems

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