M-Commerce : Standard Bank's cellphone banking adoption by customers.
| dc.contributor.advisor | Thomson, Elza. | |
| dc.contributor.author | Mthethwa, Zanele Dawn. | |
| dc.date.accessioned | 2011-01-26T07:20:34Z | |
| dc.date.available | 2011-01-26T07:20:34Z | |
| dc.date.created | 2004 | |
| dc.date.issued | 2004 | |
| dc.description | Thesis (MBA)-University of Kwazulu-Natal, 2004. | en_US |
| dc.description.abstract | Mobile commerce is a product of the convergence of the two fastest growing technologies of the modern era: cellular phones and the Internet (Attwood and Duncan, 2000). It delivers electronic commerce capabilities into a consumer's hand via wireless technology, that is an ability to perform a transaction using a mobile device (cell phone, laptop, PDA), such as the cellphone banking service. The cellphone banking service allows banking customers to perform banking transactions directly on their cellphone, using either WAP or WIG technology. Four big banks in South Africa provide the cell phone banking offering to customers. Nedcor first launch the cell phone banking service and other banks followed. Standard Bank launched the service in 2001 and thus far only 28 000 customers have registered for the cell phone banking service. The level of service adoption is very low, considering that there are 15million cellphone subscribers in South Africa. Banks projected that the take-up would be much higher than it currently is. For the purpose of this research study, the Standard Bank's cell phone banking offering will be evaluated. The problem area is that while Standard Bank launched the cellphone banking service in 2001, the consumer take up has been far lower than expected. Thus far, only 28 000 customers have registered for the service. No analysis has been conducted at Standard Bank to understand the reasons behind the slow rate of adoption by customers. The objectives of the study are to: o identify the factors that contribute to the non-adoption of the cell phone banking service by customers o identify factors that can increase the rate of service adoption and therefore assist the banks in promoting the service to critical mass o Establish the future of m-commerce in the banking industry. - v - A literature review has been conducted, where studies conducted internationally in mobile banking space have been discussed. These are studies conducted in Europe and the United States. The cell phone banking adoption framework model has also been derived. In terms of the research methodology, qualitative and quantitative research methods were both employed to gather the required data. For the qualitative methodology, interviews were conducted with the Standard Bank management team and a questionnaire was administered. For the quantitative methodology a questionnaire was designed and was used to gather the information from Standard Bank customers. The research results reveal that cellphone banking has not been widely adopted, despite the rapid diffusion of cell phones in South Africa and the popularity of cell phone functionality such as SMS. Factors likely to influence adoption include trialability, relative advantage, and the customer need for banking services from a cellphone and lower perceptions of technology risk. | en_US |
| dc.identifier.uri | http://hdl.handle.net/10413/2272 | |
| dc.language.iso | en | en_US |
| dc.subject | Consumer behaviour. | en_US |
| dc.subject | Cellphone banking. | en_US |
| dc.subject | Theses--Business administration. | en_US |
| dc.title | M-Commerce : Standard Bank's cellphone banking adoption by customers. | en_US |
| dc.type | Thesis | en_US |