Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/59946

Towards Understanding the Adoption and Social Experience of Digital Wallet Systems

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Title:Towards Understanding the Adoption and Social Experience of Digital Wallet Systems
Authors:Tang, Shiliang
Wu, Ziming
Zhang, Xinyi
Wang, Gang
Ma, Xiaojuan
show 2 moreZheng, Haitao
Zhao, Ben
show less
Keywords:The Diffusion, Impacts, Adoption and Usage of ICTs upon Society
Internet and the Digital Economy
digital wallet
social experience
technology adoption
Date Issued:08 Jan 2019
Abstract:For millions around the globe, digital wallets are replacing cash and credit cards. These services support user-to-user payments, and add a social component to transactions. However, there is little understanding of the key factors behind digital wallets’ rapid growth in US (Venmo) and China (WeChat Pay). What are the factors that led to their success? How social relationships play a role in their adoption? We conduct a mixed methods study, using a comprehensive survey (N=879) and semi-structured interviews (N=41) to explore the interplay of the two roles of these digital wallets, i.e., a payment system and a social platform. Our analysis suggests that the network effect does benefit their adoption and retention, but through different mechanisms. In return, transaction activities performed in digital wallets help strengthen existing social ties. We also present design implications for future social payment services.
Pages/Duration:10 pages
URI:http://hdl.handle.net/10125/59946
ISBN:978-0-9981331-2-6
DOI:10.24251/HICSS.2019.612
Rights:Attribution-NonCommercial-NoDerivatives 4.0 International
https://creativecommons.org/licenses/by-nc-nd/4.0/
Appears in Collections: The Diffusion, Impacts, Adoption and Usage of ICTs upon Society


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