Abstract:
This study's objective was to develop a new model to classify mobile payment systems. Analysis
of current classifying models revealed their lack of user's perspective. The new model proposed in this
paper focuses on the consumer. The classification criteria have been derived from analyzing existing m-payment
systems, and their distinct characteristics visible to the consumer. This new user-centric model
will make is possible to discover more about consumers' motivations and preferences. Ultimately, key
success factors leading to consumer's acceptance of a new m-payment system can be identified, and used
to develop new successful systems.
