Mobile payment ecosystems in transition

Matti Penttilä, Erkki Siira, Maarit Tihinen

    Research output: Contribution to journalArticleScientificpeer-review


    One of the most prominent mobile payment technologies of interaction paradigms is Near Field Communication (NFC), which provides simple and secure two-way communication between electronic devices. However, NFC-based services have not increased as expected. In this paper, the NFC payment ecosystems are introduced and reasons to why their use has not rapidly become more prevalent are discussed. The presented research results are summarised from business case studies that were carried out in various Finnish companies during the period 2012-2015. The results showed that the sustainable and feasible solutions are based on recognised standards and open ecosystems; national, proprietary or otherwise restricted solutions do not work. Accordingly, it was recommended to start with Value Added Service (VAS) systems as these involved fewer security requirements. Finally, the analyses pointed out that tokenisation offers light security version for most of services in the business and it was experienced a remarkable way for promoting the mobile payment services.
    Original languageEnglish
    Number of pages15
    JournalInternational journal of scientific and technical research in engineering (IJSTRE)
    Issue number6
    Publication statusPublished - 2016
    MoE publication typeA1 Journal article-refereed


    • mobile payment
    • near field communication
    • payment ecosystem
    • value added services


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