Mobile Payment and Its Social Impact

Mobile Payment and Its Social Impact

Liguo Yu (Indiana University South Bend, USA) and Liping Sun (Harbin University of Science and Technology, China)
Copyright: © 2018 |Pages: 26
DOI: 10.4018/978-1-5225-5270-3.ch007

Abstract

This chapter describes mobile payment, a mobile financial activity born of digital revolution, which is the combination of electronic money and mobile technology. The underlying technologies of mobile payment, its big players, and its status quo and future trend are discussed. In addition, this chapter discusses how mobile payment is related to social equality and social inclusion. Through presenting the historical, technical, economic, and social aspects of mobile payment, this chapter intends to provide readers with a holistic view of one of the fast-evolving financial activities that are transforming business, individuals, and the society.
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Underlying Technologies

Currently, there are mainly two techniques supporting mobile payment. They are NFC payment and QR code payment. These two techniques are described below.

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