A Comparison of Mobile Payment Procedures in Finnish and Chinese Markets

Researchers are particularly interested in factors that affect the adoption, innovations and diffusion of mobile payment, which is a typical and wide application of ICTS (Information Communication Technology Services) in developed and developing countries. Though mobile payment is an exciting domain and rapidly evolved in recent years, the existence of standardized, interconnected and widely-accepted mobile payment procedures is crucial for successful diffusion of mobile payment and has mobile commerce globally, even in one country or region. In this paper we make a comparison of mobile payment procedures in the Finnish and the Chinese market. Current payment procedures can be categorized by using strategic, participatory and operational criteria, according to the morphological method. Based on these, we analyze the current contraints on the mobile payment procedures in the Finnish-Chinese market in order to make it clear whether we can develop a generally accepted mobile payment integrative solution or merge different procedures into an interoperability system via interconnected participants with high-level protocols and regulation when necessary, because different market participants may have separate benefits.