Adoption of near field communication for mobile payment: Evidence from Macau

Abstract

The proliferation of mobile banking is creating increased opportunities for seamless businesses processes. The advent of Near Field Communication (NFC) could facilitate the future of mobile payment. Even though NFC has been adopted in several countries, this new technology has not been adopted by individuals in Macau, where the tremendous economic growth is greatly dependent on the gaming industry. This paper presents a study on consumers' attitudes towards adoption of NFC enabled mobile payment technology in Macau. By using Technology Acceptance Model (TAM) and related literature, an evaluation model is designed to analyze users' adoption of NFC in Macau. The results reveal academic and practical implications for future development and implementation of NFC in Macau.