Mobile Payment Adoption on the Rise: A Systematic Literature Search and Bibliometric Analysis
A recent systematic literature search and bibliometric analysis conducted by researchers at UC Berkeley reveals that mobile payment adoption has increased significantly since 2010 due to emerging technologies such as NFC and contactless payments as well as wider availability of smartphones and other devices. Despite some challenges such as security concerns or lack of consumer trust in new technologies, it’s clear that mobile payments are here to stay due to their convenience and cost savings for both businesses and consumers alike.
Dec. 24, 2022 2:41AM
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An image depicting an individual making a purchase using their smartphone or other device with a credit card or digital wallet icon overlaid on top of it.
The use of mobile payments is on the rise, with a recent systematic literature search and bibliometric analysis providing evidence to support this trend. The study, conducted by researchers at the University of California, Berkeley, was designed to determine how mobile payment adoption has changed over time. The researchers found that mobile payment adoption has increased significantly since 2010. This growth is largely attributed to the emergence of new technologies such as near-field communication (NFC) and contactless payments. Additionally, the widespread availability of smartphones and other devices have made it easier for consumers to access these services. The study also revealed that there are still several challenges facing mobile payment adoption. These include security concerns, lack of consumer trust in new technologies, and a lack of standardization across different platforms. However, despite these challenges, the researchers concluded that mobile payment adoption is likely to continue increasing in the future due to its convenience and cost savings for both businesses and consumers alike. Overall, this research provides valuable insight into how mobile payment adoption has changed over time and what factors are driving its growth. With more companies offering these services and consumers becoming increasingly comfortable with using them, it’s clear that mobile payments are here to stay.