Research on the Development of Mobile Payment Industry Chain in China

Abstract

The rapid development of mobile payment business makes the financial institution, the telecom carrier and the third party payment company to compete to purse the mobile payment market. However, the operation model of mobile payment market is disordered, it affects the development of mobile payment business. Mobile payment main bodies develop quickly. Who will dominate the market, the relationships among them is whether cooperation or competition, how to define the values of the financial institution, the telecom carrier and the third party payment company, are the main questions to be explained. This paper mainly researches on the game among the financial institution, the telecom carrier and the third party company. Through building the game model and the analysis, we draw the conclusion that reasonable resource sharing and income distribution mechanism can help to achieve an all-win result in mobile payment market.