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The diffusion pattern of non-cash payments: evidence from China

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The diffusion pattern of non-cash payments: evidence from China. / Ming, Q.; Carbo-Valverde, S.; Rodriguez-Fernandez, F.
In: International Journal of Technology Management, Vol. 70, No. 1, 2016, p. 44-57.

Research output: Contribution to journal › Article › peer-review

HarvardHarvard

Ming, Q, Carbo-Valverde, S & Rodriguez-Fernandez, F 2016, 'The diffusion pattern of non-cash payments: evidence from China', International Journal of Technology Management, vol. 70, no. 1, pp. 44-57. https://doi.org/10.1504/IJTM.2016.074652

APA

Ming, Q., Carbo-Valverde, S., & Rodriguez-Fernandez, F. (2016). The diffusion pattern of non-cash payments: evidence from China. International Journal of Technology Management, 70(1), 44-57. https://doi.org/10.1504/IJTM.2016.074652

CBE

Ming Q, Carbo-Valverde S, Rodriguez-Fernandez F. 2016. The diffusion pattern of non-cash payments: evidence from China. International Journal of Technology Management. 70(1):44-57. https://doi.org/10.1504/IJTM.2016.074652

MLA

Ming, Q., S. Carbo-Valverde and F. Rodriguez-Fernandez. "The diffusion pattern of non-cash payments: evidence from China". International Journal of Technology Management. 2016, 70(1). 44-57. https://doi.org/10.1504/IJTM.2016.074652

VancouverVancouver

Ming Q, Carbo-Valverde S, Rodriguez-Fernandez F. The diffusion pattern of non-cash payments: evidence from China. International Journal of Technology Management. 2016;70(1):44-57. doi: 10.1504/IJTM.2016.074652

Author

Ming, Q. ; Carbo-Valverde, S. ; Rodriguez-Fernandez, F. / The diffusion pattern of non-cash payments: evidence from China. In: International Journal of Technology Management. 2016 ; Vol. 70, No. 1. pp. 44-57.

RIS

TY - JOUR

T1 - The diffusion pattern of non-cash payments: evidence from China

AU - Ming, Q.

AU - Carbo-Valverde, S.

AU - Rodriguez-Fernandez, F.

PY - 2016

Y1 - 2016

N2 - Exploiting an original dataset of non-cash payments during the period between 1996 and 2005, this study analyses the diffusion patterns of non-cash payments in China. Based on both exponential and Gompertz curves, the point of sale (POS) terminal has shown a higher diffusion rate than that of automatic teller machines (ATMs). This result is also robust when a time trend is interacted with rivals' precedence, network effects and market concentration. The diffusion rates of both ATM and POS terminals have accelerated after 2002, when UnionPay was established in China. The diffusion rate of ATMs is found to be mainly driven by rivals' adoption of them. Market concentration boosts the diffusion of POS terminals. In spite of the rising number of POS terminals and merchants, the volume of POS transactions is low. The diffusion rate of POS is, however, negatively affected by interchange fees.

AB - Exploiting an original dataset of non-cash payments during the period between 1996 and 2005, this study analyses the diffusion patterns of non-cash payments in China. Based on both exponential and Gompertz curves, the point of sale (POS) terminal has shown a higher diffusion rate than that of automatic teller machines (ATMs). This result is also robust when a time trend is interacted with rivals' precedence, network effects and market concentration. The diffusion rates of both ATM and POS terminals have accelerated after 2002, when UnionPay was established in China. The diffusion rate of ATMs is found to be mainly driven by rivals' adoption of them. Market concentration boosts the diffusion of POS terminals. In spite of the rising number of POS terminals and merchants, the volume of POS transactions is low. The diffusion rate of POS is, however, negatively affected by interchange fees.

U2 - 10.1504/IJTM.2016.074652

DO - 10.1504/IJTM.2016.074652

M3 - Article

VL - 70

SP - 44

EP - 57

JO - International Journal of Technology Management

JF - International Journal of Technology Management

SN - 0267-5730

IS - 1

ER -