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26-29 May 2015
Europe/Berlin timezone
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Contribution Research-in-Progress Paper

Fürstenberghaus -
14 - Adoption and Diffusion

Use of Payment Technology: A Perspective Based on Theory of Consumption Value


  • Xiao XIAO
  • Jonas HEDMAN

Primary authors



Drawing on the theory of consumption value, this research-in-progress strives to provide a theoretical explanation of payment technology use by investigating the relationship between consumers’ perceptions of different consumption values associated with a certain payment technology and their choice to use the technology. We conducted the study in the context of Denmark, a Northern European country, with three well established payment technologies: cash, payment cards, and Internet banking. Following a focus group of identifying and defining four types of consumption values associated with each payment technology, a survey was then conducted by a national statistics agency in the country. Preliminary results have shown that different consumption values matter for the use of different payment technologies. The findings will potentially contribute to a better understanding of consumer payment behavior, as well as the debate on moving towards a cashless society.