Business Models for NFC based mobile payments

  • Johannes Sang Un Chae Department of IT Management, Copenhagen Business School, Denmark
  • Jonas Hedman Department of IT Management, Copenhagen Business School, Denmark

Abstract

Purpose: The purpose of the paper is to develop a business model framework for NFC based mobile payment solutions consisting of four mutually interdepended components: the value service, value network, value architecture, and value finance.

Design: Using a comparative case study method, the paper investigates Google Wallet and ISIS Mobile Wallet and their underlying business models.

Findings: Google Wallet and ISIS Mobile Wallet are focusing on providing an enhanced customer experience with their mobile wallet through a multifaceted value proposition. The delivery of its offering requires cooperation from multiple stakeholders and the creation of an ecosystem. Furthermore, they focus on the scalability of their value propositions.

Originality / value: The paper offers an applicable business model framework that allows practitioners and academics to study current and future mobile payment approaches.

Published
30-01-2015