Payment In China Research Articles

Factors that affect individuals in using digital currency electronic payment In China: SEM and fsQCA approaches

While China's Central Bank digital currency electronic payment (DCEP) presents certain advantages over third-party payment platforms like WeChat and Alipay, its promotion faces bottlenecks and research gaps. This study employs the Unified Theory of Acceptance and Use of Technology (UTAUT) to construct a research model that identifies the various factors influencing individual adoption of DCEP. By gathering 401 surveys, this study validates the hypotheses and relationships between variables using the Structural Equation Model (SEM). Additionally, it employs the fuzzy set Qualitative Comparative Analysis (fsQCA) method to explore the factors that impact adoption intention. The SEM results reveal that perceived security, perceived usefulness, and comparative advantage significantly and positively influence the willingness to use DCEP, while perceived security and perceived usefulness also positively influence comparative advantage. Furthermore, the study finds that comparative advantage serves as an intermediary in the relationships between perceived security and usage intention, perceived security and usage intention, and perceived usefulness and usage intention. Interestingly, the fsQCA analysis reveals that privacy concerns, while commonly regarded as an important factor in affecting electronic payments, did not significantly impact usage intention in the SEM analysis. However, combining privacy concerns with other variables significantly influences usage intention. This study suggests that the analysis of factors influencing DCEP usage should be wider than single-factor analysis and account for the effects of multiple-factor combinations.

The Effects of the Multi-Hospital Global Budget Payment on Medical Expenditure and Service Volume: The Evidence from Dangyang County, China.

Global budget payment is currently the prevailing payment strategy internationally. In China, the concept of multi-hospital global budget payment has been proposed with the aims of achieving cost control effects while also encouraging hospital collaboration and optimising allocation of healthcare resources. This study seeks to analyse the impact of multi-hospital global budget payment in China on healthcare expenditure and service volume. A retrospective comparative study was carried out in Dangyang County, China. The exposure cases were migrants who were not locally registered in the residence registration system. The study period encompassed January 1, 2017, to December 31, 2019. Including 3,246,164 outpatient medical records and 242,685 inpatient medical records. The key variables are medical expenditure and service volume indicators. Continuous variables were reported as mean and tested by t-test. We used interrupted time series analysis models to estimate the changes in the level and trend of each outcome measure after the policy. After the outpatient global budget payment reform, the monthly medical expenditure of the hospital alliance has transitioned from a discernible upward trajectory to a deceleration in the rate of growth. The outpatient volume in public and private high-level hospitals decreased at a rate of -419.26 person/month and -137.04 person/month, respectively. In terms of inpatient service volume, only private high-level hospitals reported a decrease, with a reduction rate of -15.38 individuals per month. This study presents new evidence demonstrating that the multi-hospital global budget payment can effectively control costs and promote resource reallocation when implemented jointly with hospital alliance policies. However, overly lenient budget caps risk counterproductive effects.

Analysis of the Pros and Cons of Mobile Payment in China and Its Development Research

Analysis of the Pros and Cons of Mobile Payment in China and Its Development Research

Government audit, employee efficiency and labor cost stickiness.

Does government audit affect employee allocation of enterprises? Using the quasi natural experiment and differences-in-differences(DID) model, this paper empirically tests the impact of government audit on employees efficiency and labor cost stickiness of state-owned enterprises (SOEs) in China. The results show that after the implementation of government audit, excess employees and labor cost stickiness of the audited enterprise is significantly reduced, which confirms the supervision and governance function of government audit on employee efficiency of SOEs. However, labor costs of the audited enterprise are not significantly reduced. These indicate from the side that the compensation system of SOEs conforms to market mechanisms, and there is no problem of employee over payment in China. This study enriches the relevant literature on the impact of government audit on employee policy of SOEs, and also provides empirical support for the full coverage of government audit.

Bariatric and Metabolic Surgery and Medical Insurance Payment in China.

This paper briefly introduces the status quo of bariatric and metabolic surgery and medical insurance payment in China. Along with China's rapid economic growth, the prevalence of obesity and diabetes is increasing quickly. Because of their high body fat percentage and predominance of abdominal obesity, Chinese people experience metabolic disorders more frequently than Caucasians with the same BMI. Treatments are not medical because there is a lack of social understanding of obesity. Furthermore, obesity has not been accepted as a disease in China and so has not been included in the medical insurance payment system. Therefore, weight-loss medications are not covered by medical insurance. In China, bariatric and metabolic surgery have advanced for almost 20years, and corresponding guidelines have been developed. However, there are regional and cognitive variations in whether medical insurance covers bariatric surgery or not. Recent research on the financial advantages of medical insurance coverage for weight-loss surgery showed that it conserves healthcare system resources. It will be important to raise public awareness regarding obesity in the future, present more evidence of the clinical efficacy of surgery, and work towards a higher percentage of medical insurance reimbursement for obesity treatment and bariatric surgery.

Effects of payment notifications on consumer purchase decisions: The role of pain of payment

AbstractPayment notifications are becoming ubiquitous due to the popularity of online payment, which are usually considered to be records of consumption. However, the effect of payment notifications on consumer behavior has not been fully understood. Given this research void, this study explores the effects of payment notifications on consumers' consumption amount during a multiple‐purchase shopping journey. Considering the prevalence of online payment in China, we conducted four experiments using Chinese samples. The results confirm that payment notifications can evoke consumers' pain of payment, which consequently reduces consumers' subsequent shopping amount. Additionally, we argue that the effects of payment notifications on consumer behavior are different in the early/late stage of the shopping journey or in the gift‐purchasing/self‐purchasing conditions. The findings of this article could help payment application developers to better design payment notification functions.

Discussion on the Innovative Application Mode of Cross-border Payment in China

Cross-border payment has built a bridge for trade and financial circulation among countries. Traditional cross-border payment methods have problems of low efficiency, high cost and poor security. Blockchain technology has the characteristics of decentralization, tamperability, security and credibility. The Ripple model built on the basis of blockchain technology can better solve the problems of traditional models. However, there are also some technical, legal and financial risks in cross-border payment under the new model. In order to promote the development of cross-border payment based on blockchain technology, we should strengthen the research on blockchain technology and improve the blockchain industry standards and supervision regulations.

Analysis of the Knowledge Payment Phenomenon of Chinese Women (Age 25-49)

China's Internet penetration rate continues to rise, and the scale of smartphone users continues to expand, providing the soil for the development of the knowledge payment industry. Among the industry's consumer groups, female Chinese consumers play an important but rarely discussed the role. The article will use Jean Baudrillard's consumer society theory to discuss the payment motivation of Chinese female consumers. Baudrillard believes that in a consumer society, women become the group with the most consumption power. The article will use a specific female-target app, Jane's academy, as an example to analyze the reasons for the knowledge payment in China from the four perspectives. First, women in society pay for knowledge products to ease their anxiety about facing all types of work and family problems. After they pay for the products, they would have the illusion that the problem in their life has been fixed already. Second, women, as an individual nowadays, focus on self-improvement, and they are willing to invest in themselves. Third, the influence of Chinese traditional culture creates an atmosphere in Chinese society that learning is the most effective way to promote people's social status. Fourth, paying for knowledge is a consequence of the common anxiety of human beings in the Information Age. In a nutshell, an attempt to relieve anxiety lies behind the phenomenon of knowledge paymentt.

Application Scenarios, Low-carbon Models and Practical Paths of Green Payments in China

As an infrastructure in the field of green finance, green payment plays an important role in guiding the green-oriented allocation of social resources and the public's awareness of environmental protection, and promoting the greening, recycling and low-carbonization of the production methods of enterprises and the consumption patterns of individuals and households. This paper explores the basis of green payment development in China from five aspects: theory, market, policy, finance and digital ecology, and examines the positioning of green payment to help achieve the goal of "carbon neutrality" at three levels: macro, meso and micro. In the light of the lifestyles of Chinese residents, the specific application scenarios of green payment in China, such as transportation, low-carbon life and paperless payment, are compiled. We use electronic payment methods such as WeChat payment to explore the mode of green payment ecosystem to achieve low-carbon development, and explore the practical path of green payment to help "carbon neutrality" in both broad and narrow sense from the perspective of industrial chain. Finally, the above analysis is combined with the practical significance of green payment for carbon neutrality and the suggestions for the future development of green payment in different dimensions.

Why do you use a smartphone to pay? Determinants of mobile payment adoption in China

AbstractMobile phone users are increasingly adopting mobile payment technologies. Previous studies about mobile payments rarely consider customer psychological and market environmental factors. This article explores the mobile payment adoption issue based on a model integrating variables from the technology acceptance model (TAM) and the innovation diffusion model (IDT), as well as risks, social influence and internet experience, taking into account the circumstances of the Chinese market. Our analyses of a random sample of 922 mobile users show that these factors significantly impact the adoption of mobile payment in China. The degree of their influence and functions vary between mobile users who have mobile payment experience and others without such experience.

Investigating Customer Behavior of Using Contactless Payment in China: A Comparative Study of Facial Recognition Payment and Mobile QR-Code Payment

Emerging technologies have made tremendous changes in people’s daily lives, and they have profoundly influenced their economic and consumption activities. Recently, the COVID-19 pandemic has also drastically increased individuals’ usage of contactless payment technologies, such as mobile and facial recognition payments, which has accelerated the transformation of digital transaction services in China. In this study, the findings show that perceived usefulness, perceived ease of use, and service security can affect the perceived value and user satisfaction of using contactless payment. Moreover, a higher perceived value and satisfaction level may encourage more post-adoption behaviors, such as continuous and habitual usage of contactless payment methods or encouraging others to use contactless payment methods via word-of-mouth; however, perceived value did not have a direct effect on continuous usage. In addition, there are certain differences in user behavior depending on whether facial recognition payment or mobile QR-code payment is used. For QR-code payment users, overall, their satisfaction and post-adoption behaviors are more strongly bonded with each other compared with the behaviors of facial recognition payment users. This study has generated more information and insight into the transformation of digital payment and can help managers align their strategies more efficiently in the post-pandemic era.

Antecedents to the Adoption of Mobile Payment in China and Italy: an Integration of UTAUT2 and Innovation Resistance Theory

This research aims to investigate the adoption gap in mobile payment systems between Italy and China, focusing on users’ intention to adopt mobile payment. The theoretical framing considers both drivers and barriers when combines the unified theory of acceptance and use of technology 2 (UTAUT2) with innovation resistance theory (IRT). To empirically verify the proposed model, this study gathers primary data through a web-based, self-administered survey. To analyze the data, we use structural equation modeling, and to test for significant differences between the two groups we run multi-group analysis. The respondents in Italy and China present different behaviors. Social influence plays a significant role in cultures with high uncertainty avoidance, such as Italy. The tradition barrier is the only significant barrier to the adoption of mobile payment.

Mobile Payment in China: A Study from a Sociological Perspective

This study aims to analyse and clarify why mobile payments have been adopted in China at such a rapid pace. Unlike previous studies which focused on mobile payment functionality and the micro-level reasons for adoption, this study emphasized the macro-level and meso-level reasons with an emphasis on social relationships or guanxi to explain the widespread and rapid adoption in China of mobile payment. Initially mobile payment was widely dispersed by leveraging the trust existing in strong relationship ties (e.g. mobile ‘red packets’). In the second phase of mass adoption there was a shift toward relying on economic exchanges in the context of weak urban ties. Now in the third phase mobile payment seeks to abandon social relations altogether relying on technologies for direct human-to-machine interactions. The three successive phases show how the strong interactions between financial regulatory policy and mobile payment development have affected social relationships.

Impacts of case-based payments reform on healthcare providers' behaviour on cataract surgery in a tertiary hospital in China: An eight-year retrospective study.

Case-based payment has extensively been adopted to replace the fee-for-service payment in China. This paper aims to assess the impacts of case-based payment reform on the providers' behaviour using cataract surgery as an example. A total of 400 cataract inpatients were sampled in a tertiary hospital. Data analysis consisted of descriptive statistics, Wilcoxon rank-sum test and Chi-square test. The number of routine preoperative laboratory tests and drugs significantly declined after the case-based payment reform (p<0.001). Healthcare providers significantly reduced the use frequency of systemic glucocorticoids (GCs) and antibiotics, adjuvant drugs, multiple antibiotic eye drops, generic drugs in cataract surgery after reform (p<0.001), and they reduced non-ophthalmic medications after reform (p<0.01). Notably, all patients were prescribed GC eye drops, antibiotic eye drops, and original drugs in both groups. Moreover, the preoperative, postoperative, and total length of stay (LOS) declined after the reform (p<0.001). Nonetheless, no significant difference was noted in the care quality between the two group. The case-based payment reform decreased the intensity of care by reducing unnecessary drugs and retaining necessary drugs on cataract surgery. Besides, the LOS was shortened. Further, an impaired care quality was not witnessed, however, cost-shifting warrants further attention.

Research on the Risk and Supervision System of Cross-Border e-Commerce Payment in China

Cross-border e-commerce payment business is a key link of cross-border e-commerce, which involves the exchange rate changes between different currencies in different countries, whether it is universal, and whether huitong exchange and other related business issues. From the perspective of the current international market environment changes, although China's cross-border e-commerce business is in a period of rapid rise, it is also affected by the complex international environment. E-commerce payment faces the risks of transaction authenticity recognition, cross-border payment transaction credit, and online payment security, which is not conducive to the steady development of China's cross-border e-commerce trade. In view of this, in view of the current risks facing cross-border e-commerce payment business in China, we propose the corresponding prevention mechanism and improve the supervision system, which are conducive to the steady progress of cross-border e-commerce trade.

Resistance to facial recognition payment in China: The influence of privacy-related factors

As mobile payment technology is at a nascent stage, the use of facial recognition payment (FRP) services is gradually penetrating the lives of Chinese people. Although the FRP system may have advantages over other payment technologies, a civil lawsuit over refusing to submit facial information and a series of illegal activities related to selling facial information have raised the public's privacy concerns, which might further engender Chinese users' resistance towards FRP. Based on privacy calculus theory and innovation resistance theory, this study builds a research model of FRP and examines it by using a cross-sectional study with 1200 Chinese users. The findings demonstrate that the perceived effectiveness of privacy policy has significant relationships with privacy control, perceived privacy risk, perceived benefits, and resistance. Both privacy control and perceived privacy risk are significantly related to privacy concerns. There is also a significant relationship between the perceived privacy risk and resistance to FRP. Meanwhile, privacy concerns positively affect user resistance, while perceived benefits negatively affect user resistance. In contrast to previous research, the perceived privacy risk has a positive impact on the perceived benefits. This study offers cutting-edge contributions to both academia and industry.

The Dominant Design of Disruptive Innovations in the 3rd‐Party Online Payment in China

As a disruptive innovation on the traditional payment mode, the 3rd‐party online payment has been involved in disruptive innovations featuring contextualized and modernized characteristics, but a theoretical summary is urgently needed for the dominant design of these disruptive innovations. Therefore, an in‐depth case study is done with Alipay and PayPal as the subject, and it comes to elaborate four key aspects involved in the dominant design of disruptive innovations of the 3rd‐party online payment. Namely, adopt new innovative derivations, create new product attributes, construct new business models, and process subsequent performance improvements. In addition, the factors that differ from the traditional disruptive innovations are also spotted, including two innovative driving forces, two new product features, and four business modes.

Measuring Customer Equity in Noncontractual Settings Using a Diffusion Model: An Empirical Study of Mobile Payments Aggregator

Customers are important intangible assets of firms. Customer equity (CE) and customer equity sustainability ratio (CESR) cannot only provide a crucial basis for measuring the growth potential of firms but also provide managers a reference standard to allocate the marketing resource. This empirical study discussed the CE measurement of a mobile payments aggregator. With the rapid development of mobile payment in China, it is very meaningful to calculate the CE of these aggregators as an emerging business pattern because calculating CE cannot only help the mobile payments aggregator evaluate its future business development but also help it to provide value-added services and generate service fee from its clients, i.e., the retailers. The main purpose of this paper is to calculate CE of a mobile payments aggregator generated from a specific retailer from the perspective of technology diffusion. Based on the Bass model and Rogers’ theory of innovation diffusion, we calculated CE and CESR for five segments, namely innovators, early adopters, early majorities, late majorities, and laggards. The results show that it is the early adopters and the early majorities who generate most of the profit and it is also these two segments that have the greatest growth potential in the future.

Comments on Mobile Payment in China: Practice and Its Effects

October 01 2020 Comments on Mobile Payment in China: Practice and Its Effects Author and Article Information Online Issn: 1536-0083 Print Issn: 1535-3516 © 2020 by the Asian Economic Panel and the Massachusetts Institute of Technology2020Asian Economic Panel and the Massachusetts Institute of Technology Asian Economic Papers (2020) 19 (3): 19–20. https://doi.org/10.1162/asep_a_00780 Cite Icon Cite Permissions Share Icon Share Twitter LinkedIn Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Comments on Mobile Payment in China: Practice and Its Effects. Asian Economic Papers 2020; 19 (3): 19–20. doi: https://doi.org/10.1162/asep_a_00780 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu nav search search input Search input auto suggest search filter All ContentAll JournalsAsian Economic Papers Search Advanced Search Iikka Korhonen, Bank of Finland: The paper provides an excellent overview of many aspects of China's mobile payments sector. In a relatively short time this sector has developed from almost scratch to one of the most advanced in the world. In addition, the paper utilizes measures of digital financial inclusion (Wang et al. 2019) to assess several aspects of Chinese households’ behavior and, for example, risk-sharing. Section 2 is interesting in the way it recounts the history of China's mobile payment industry. It recounts the rapid development of the industry, especially during the past five to six years. In addition, the network effects described in Sections 2 and 3 highlight an interesting organic development of a virtual duopoly in the Chinese mobile payment industry. In addition, they highlight how regulation—or, more precisely, lack of it—has allowed Chinese companies to innovate at a rapid pace and start utilizing novel technologies... You do not currently have access to this content.

Mobile Payment in China: Practice and Its Effects

This paper offers a comprehensive review and careful assessment of China's mobile payment business. With broad access, low costs, and reliable transactions, mobile payments are creating a revolution of financial inclusion, changing people's daily lives and commercial business models. This study also confirms that mobile payment improves risk sharing among individuals and increases entrepreneurial opportunities. These mobile payment successes can be traced to three key factors: supply shortages of alternative payment services, a friendly regulatory environment, and recent technological developments. A number of outstanding issues remain, however, including data ownership, data inequality, and regulatory shortcomings.