Study on the Effect of Mobile Payment in the Internet Financial Era - Based on Structural Equation Modeling

Abstract

For understanding the factors that use of mobile payments by older people, especially helping them overcome many problems they face in using digital products in their lives, and helping improve mobile payments to become 'ageappropriate', breaking the digital divide, the study used a stratified sample and three-stage unequal probability sample to collect 521 elderly people, and statistical analysis with the help of SPSS24.0. In addition, constructing a structural equation model and analysing the correlation between the perceived value and willingness to use mobile payment among elderly people in Wuhan. The analysis shows that four conclusions "in the process of using mobile payment, ease of operation and security are two important factors for seniors to consider whether to use mobile payment".