It has been suggested that mobile payment adoption in countries with strong financial infrastructures lag behind countries with weaker financial infrastructures because consumers have more choices of payment methods in strong financial infrastructure countries. Many researchers have attempted to determine the factors that influence the consumer adoption of mobile payment systems for the past decade. This paper reviews previous research that focuses on consumer mobile payment adoption and highlights the primary models used in these investigations. We identified 57 studies that matched our search criteria and found that TAM and UTAUT/UTAUT2 were the primary models utilized. We propose the use a risk/trust valence framework with security and privacy antecedents as a new way of investigating mobile payment adoption.
Harris, Mark; Chin, Amita; and Beasley, Joseph, "Mobile Payment Adoption: An Empirical Review and Opportunities for Future Research" (2019). SAIS 2019 Proceedings. 8.