Open AccessCurrent and Potential Users Adoption of Mobile Payment Technology in Nigeria
Author(s) -
Abner Ishaku Prince,
Udo Emmanuel Samuel,
Akpan Ededem Jack,
Clementina Kanu
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.d7891.118419
Subject(s) - mobile payment , payment , business , service provider , technology acceptance model , service (business) , mobile commerce , mobile technology , internet privacy , construct (python library) , payment service provider , marketing , usability , mobile device , computer science , world wide web , finance , human–computer interaction , programming language
Mobile technology advancement has significantly transformed the functionality of smartphones, into a one-stopshop from conventional communication to wireless technology for purchase and transactions through mobile payment technology. The bond between the smartphone and the users in recent times has increasingly replaced the bond between the physical money wallet and the owner. Necessitating the need to adopt mobile payment service technology. Most empirical studies focus on single users in Europe, Asia, America among others, developing constructs that work in these technologically advanced nations. This study examines the impact of current users of mobile payment technology on potential user’sadoption in Nigeria. Developing constructs factors that impact on an individual’s intention to adopt m-payment technology services. The construct tests the behavioral intention of 40 current users and 330 potential users. The results revealed that 11% risk, 35% trust, 48% ease of use, 52% usefulness, 10% personal innovation and cost significantly influenced current users’ intentions while 27% Subjective norms, 34% self-efficacy, 10% personal innovation and cost, 35% trust, 11% risk and 52% usefulness serves as a stimulus to potential users’ intentions to adopt mpayment service in Nigeria. Recommendation there is need to integrate the construct into the strategies designed to promote the service adoption in Nigeria for future marketsby managers and mobile App developers in Nigeria.