School of Mathematical and Statistical Sciences Faculty Publications and Presentations

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With the innovation and integration of the Internet and the financial industry, the third-party payment market has developed greatly and has great potential. This paper discusses the duopoly game between third-party payment service providers and banks, which are the main participants in the mobile payment market. By constructing Nash game model, the conditions of equilibrium point, stability and bifurcation are analyzed. The effects of adjusting parameters and cooperation coefficient on business volume and profit are discussed. The conclusions are as follows: excessive investment will lead to unpredictable fluctuations in the market and fall into chaos; By strengthening cooperation, all participants in the mobile payment industry chain can improve business volume and profits while curbing chaos in the mobile payment market.


Copyright 2022 The Authors. This is an open access article under the CC BY-NC-ND license

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