Mobile payment in China

Abstract

With the ever-accelerated updating of science and technology, mobile payment has become one of the major payment methods in China. In this thesis, I first analyze the development of mobile payment in China, the difference among different mobile payment applications and the security problem related to mobile payment. Then, I examine the factors that affect people’s willingness to use mobile payment. This study uses an online survey to collect data from a sample of 93 WKU students. Based on the response, I use the multiple regression analysis as the methodology to examine the relationship between the independent variables and dependent variable. The result shows that there is a significant positive relationship between the perceived ease of use and people’s willingness to use mobile payment, while there is a significant negative relationship between the service quality and people’s willingness to use mobile payment. In addition, for the other two independent variables, the perceived usefulness and perceived risk, they do not have significant relationship with people’s willingness to use mobile payment.