Drivers and barriers in the acceptance of mobile payment in China

Integrating the prospective user's cost and perceived risk with Unified Theory of Acceptance and Use of Technology (UTAUT), we propose a research model and collect data by survey to investigate the determinants of the mobile payment acceptance in China. By revising the hypothesized model based on the data analysis by SPSS and AMOS, it is tested empirically that in the user's acceptance of mobile payment, performance expectancy and social influence are the drivers, whereas cost and perceived risks are the barriers. The findings of this study have a number of important implications to both researchers and the mobile payment service providers.