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Monika Klimontowicz

Bio: Monika Klimontowicz is an academic researcher. The author has contributed to research in topics: Payment & Mobile payment. The author has an hindex of 1, co-authored 1 publications receiving 2 citations.

Papers
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Journal ArticleDOI
04 Sep 2021
TL;DR: In this article, the authors present the market behavior of the Polish Payment Standard (BLIK) as an open business model and the key success factors of BLIK adoption and diffusion and the determinants for further open payment innovations development.
Abstract: FinTech and its interaction with banking is widely discussed today as a new phenomenon notwithstanding the relationship between technology and financial services is not a new topic. Most of the research focuses on innovations and determinants of their adoptions including among other innovations in the payment system. The studies dedicated directly to PayTechs as a special kind of a FinTech entity and its market activity are a relatively new field of research. This paper aims to fill this gap. The multidimensional character of this exploratory research causes the necessity to apply various research methods, including both inductive and deductive methods, together with comparative analysis. The theoretical analysis conducted in the paper for defining PayTechs from the perspective of business model and market behavior was based on an in-depth literature review. In this section, the inductive method and comparative analysis were mostly applied. The empirical part of the paper includes the analysis of quantitative data published by the National Bank of Poland (NBP), Central Statistical Office (GUS), and Bank for International Settlements (BIS). The subject of the case is the Polish Payment Standard referred to as BLIK implemented in Poland in 2015 for mobile payments. The BLIK diffusion is measured by the number of entrants and acceptants as well as the scope of transactions while the adoption by the number of customers using BLIK in everyday transactions. The results present the market behavior of BLIK as an open business model and the key success factors of BLIK adoption and diffusion and the determinants for further open payment innovations’ development. The newly developed definition of PayTechs, the identification of the major components of the PayTech open business model, as well as the indication of the key success factors of adoption and diffusion of m-payments, constitute the original contribution of the paper.

10 citations


Cited by
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01 Jan 2018
TL;DR: In searching for conceptualizations that offer an alternative perspective to entrepreneurial opportunities, the notion of external enablers has recently been suggested for capturing the influence of external entities on the success of entrepreneurial opportunities as discussed by the authors.
Abstract: In searching for conceptualizations that offer an alternative perspective to entrepreneurial opportunities, the notion of external enablers has recently been suggested for capturing the influence o...

50 citations

Posted Content
TL;DR: In this article, the authors used data from the 2015 National Financial Capability Study to analyze the adoption of mobile payments by U.S. households and found that while 24% of respondents used mobile payments, the mean rate for those under age 25 was 11 times higher than those 65 and older.
Abstract: This study used data from the 2015 National Financial Capability Study to analyze the adoption of mobile payments by U.S. households. While 24% of respondents used mobile payments, the mean rate for those under age 25 was 11 times the rate for those 65 and older. State rates ranged from about 9% in Montana to 34% in Washington, DC. Based on a logistic regression, age and an objective financial knowledge score were negatively while risk tolerance and a subjective financial knowledge score were positively related to mobile payment use. The results have implications for marketing of Fintech applications for personal finance, especially in terms of the extremely low mobile payment use by older consumers.

13 citations

Journal ArticleDOI
TL;DR: Wang et al. as mentioned in this paper examined the effect of financial technology on corporate innovation through a fixed-effects model and investigated the influence of corporate characteristics on the relationship between financial technology and innovation.
Abstract: Corporate innovation has become the main driving force for the long-term development of enterprises, but the characteristics of high risk, long cycle, and high capital demand of corporate innovation activities expose enterprises to high financial rejection. Financial technology, formed by combining digital technology with traditional financial services, is gradually changing the financial service model and providing new ideas for corporate investment and financing. In this study, using the data of non-financial and non-real estate listed companies in Shanghai and Shenzhen markets, A-shares from 2015 to 2020, we examine the effect of financial technology on corporate innovation through a fixed-effects model and investigate the influence of corporate characteristics on the relationship between financial technology and innovation through a moderating-effects model. The results show that financial technology enhances the ability to serve real enterprises by reshaping financial services, which in turn effectively drives an increase in corporate innovation, and the mechanism is conditionally heterogeneous. In addition, the moderating effect of the firm’s nature is found to be more significant in non-state-owned firms, high-technology firms, and firms in the growth and maturity stages by life cycle. The policy implications of this study are to continuously promote theoretical research, to guide the development of fintech, and to improve the construction of financial technology infrastructure. Additionally, to deepen the integration of financial technology with real enterprises and establish differentiated financial technology support tools, so as to improve the precision of promoting enterprise innovation.

11 citations

Proceedings ArticleDOI
01 Jan 2022
TL;DR: In this paper , the authors identified the participating actors and their crucial role in the payment ecosystem and their determinant factors for the actors to adopt the cashless payment ecosystem through scoping literature review of 63 articles published in the last seven years (2015-2021).
Abstract: Cashless payments have become increasingly popular around the world because of their numerous advantages. More so, the cashless payment adoption has been escalated during the Covid-19 pandemic. However, there is a lack of holistic studies on the adoption and contemporary practices of cashless payments. The purpose of this study is, therefore, to provide a comprehensive understanding by identifying the participating actors and their crucial role in the payment ecosystem. Thus, the paper aims to address two research questions: i) Who are the participating actors in the cashless payment ecosystem? and ii) What are the determinant factors for the actors to adopt the cashless payment ecosystem? Through scoping literature review of 63 articles published in the last seven years (2015-2021), six participating ecosystem actors are identified with their determinant factors. The study contributes towards addressing adoption issues and serves as a basis for future empirical investigation.

2 citations

Journal ArticleDOI
TL;DR: In this article , the authors menjelaskan kegunaan serta pengertian and kegunaa mengenai financial technology dalam industri keuangan.
Abstract: Pada makalah ini akan menjelaskan kegunaan serta pengertian dan kegunaan mengenai financial technology dalam industri keuangan. Dalam bidang keuangan banyak yang menggunakannya sebagai inovasi. Fintech merupakan sebuah istilah baru terhadap sebuah teknologi maju yang memanfaatkan internet. Financial Technology juga mampu membantu layanan untuk mengelola keuangan dengan memanfaatkan digital berupa data besar, rantai blok dan investasi dalam bidang keuangan. Dalam studi ini menyimpulkan bahwa dalam penerapan Financial Technology terdapat teknology yang dapat membantu dalam pelayanan untuk algoritmanya menggunakan Artifical intelligence (AI), mengetahui perilaku pelangkan menggunakan Big Data dan Blockchain untuk menghubungkan jaringan yang ikut untuk membantu pelayanan.

1 citations