The phrase "adoption of payment" is correct and usable in written English.
It can be used in contexts discussing the acceptance or implementation of a payment method or system.
Example: "The adoption of payment through mobile wallets has increased significantly in recent years."
Alternatives: "implementation of payment" or "acceptance of payment".
Mastercard said the move would support the "accelerated adoption" of payments made with mobile devices thanks to EE's 27-million-strong customer base.
This paper limits the study of the adoption of cashless payment to card payment, cheques, telegraphic transfer, and electronic money on five EU countries.
The five typical stages of innovation decision process of cashless payment are knowledge of the existence of cashless payment, persuasion of a favourable attitude towards cashless payment, decision to adopt cashless payment, implementation of cashless payments and confirmation of the adoption of cashless payment based on positive outcomes.
This study extends Hasan et al. (2012) study by examining how the adoption of cheque payment, telegraphic transfer, card payment and electronic money affect the economics activity of Austria, Belgium, France, Germany, and Portugal, for the period of 2000 2012.
The U.S. firm has also relaxed its dependency on credit cards with a cash payments trial and the mandatory adoption of a payment wallet, while it introduced a range of India-specific rides including chauffeured hatchbacks and auto rickshaws.
There is also a long run effect of the adoption of cashless payment on economic growth, except for card payment.
The growth of online shopping alongside the complete transformation of the architecture for payments thanks to new government regulations and the adoption of contactless payment technologies, has brought about a generational shift in the way that money changes hands.
Glenbrook Partners, a payments strategy and consulting firm, believes that consumer adoption of new payment mechanisms comes down to two things: significant increases in convenience and/or perceived financial gains.
Therefore, it is possible for policymakers and bankers to consider innovating and improving the diffusion of one cashless payment at a time to ensure continuous benefits of the adoption of cashless payment system within the EU community.
Amazon announced this morning a plan to spread adoption of its payments service, Amazon Payments, to more third-party websites.
