Economic and Urban Dynamics: Investigating Socioeconomic Status and Urban Density as Moderators of Mobile Wallet Adoption in Smart Cities
- Title
- Economic and Urban Dynamics: Investigating Socioeconomic Status and Urban Density as Moderators of Mobile Wallet Adoption in Smart Cities
- Creator
- Kankariya R.; Salunkhe H.A.; Oza K.
- Description
- This research paper examines the complex correlation between socioeconomic factors, urban density, and the acceptance of mobile wallet technology in smart cities. The study investigates how socioeconomic status and urban density influence the adoption of mobile wallets. Smart cities have experienced a significant increase in the adoption of mobile payment solutions such as Apple Pay, and Google Pay, noted for their technological innovation and ability to enhance living standards. These digital payment platforms provide ease, security, and efficiency, revolutionizing how individuals engage in financial transactions and navigate urban environments. The study examines the many aspects that impact this phenomenon, focusing on the significance of comprehending how socioeconomic status and urban density influence the acceptance of mobile wallets. The study utilizes a meticulous research technique, which involves evaluating the reliability and validity of constructs, analyzing Heterotrait-Monotrait (HTMT) ratios, conducting tests for discriminant validity, and doing variance inflation factor (VIF) analysis. These measures are taken to ensure the strength and reliability of the report's conclusions. The research's importance is further supported by model fit statistics and hypothesis testing conducted through bootstrapping. The results emphasize that the inclusion of mobile wallet functions, the legal framework, and the development of smart city infrastructure have a substantial influence on the acceptance of mobile wallets. However, the impact of urban density on mobile wallet adoption is more intricate and multifaceted. This study provides significant insights into the dynamic field of technology uptake in urban regions, with implications for politicians, entrepreneurs, and urban planners seeking to promote financial inclusion and technological integration in smart cities. 2024 IEEE.
- Source
- TQCEBT 2024 - 2nd IEEE International Conference on Trends in Quantum Computing and Emerging Business Technologies 2024
- Date
- 2024-01-01
- Publisher
- Institute of Electrical and Electronics Engineers Inc.
- Subject
- etc; Mobile wallet; Smart cities; Socio-economic; Urban density
- Coverage
- Kankariya R., Suryadatta Institute of Business Management and Technology, Pune, India; Salunkhe H.A., School of Business and Management, Christ University, Bangalore, India; Oza K., Information Research and Technology, SEF's Suryadatta College of Management, Pune, India
- Rights
- Restricted Access
- Relation
- ISBN: 979-835038427-7
- Format
- Online
- Language
- English
- Type
- Conference paper
Collection
Citation
Kankariya R.; Salunkhe H.A.; Oza K., “Economic and Urban Dynamics: Investigating Socioeconomic Status and Urban Density as Moderators of Mobile Wallet Adoption in Smart Cities,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 25, 2025, https://archives.christuniversity.in/items/show/19258.