Payment Platform

Morten Hjelholt, Jan Damsgaard

    Research output: Chapter in Book/Report/Conference proceedingConference abstract 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 platforms 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 publicationProceedings First International Cashless Society Roundtable (ICSR) : Copenhagen, Denmark, April 18 & 19, 2012
    EditorsJonas Hedman
    Place of PublicationKøbenhavn
    PublisherCopenhagen Finance IT Region
    Publication date2012
    Publication statusPublished - 2012

    Cite this