Mobile Payment Ecosystems in Transition

One of the most prominent mobile payment technologies of interaction paradigms is Near Field Communication (NFC), which provides simple and secure two-way communication between electronic devices. However, NFC-based services have not increased as expected. In this paper, the NFC payment ecosystems are introduced and reasons to why their use has not rapidly become more prevalent are discussed. The presented research results are summarised from business case studies that were carried out in various Finnish companies during the period 2012-2015. The results showed that the sustainable and feasible solutions are based on recognised standards and open ecosystems; national, proprietary or otherwise restricted solutions do not work. Accordingly, it was recommended to start with Value Added Service (VAS) systems as these involved fewer security requirements. Finally, the analyses pointed out that tokenisation offers light security version for most of services in the business and it was experienced a remarkable way for promoting the mobile payment services.