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Digital Payments
1. With the onset of Covid
Pandemic, Digital payments has gained more momentum as a medium of payment for
purchase of any goods or services. One of the methods of online payments is
through Digital Wallets also. There are number of digital wallet providers
which provide different types of interfaces for making payments. Discuss the
features of any 2 Digital Wallet providers with the special features offered by
them. Also, mention the architecture of Digital Wallets and specify out of all
the service providers which one you use as a mode of payment and why?
2. A Crypto currency is a form
of decentralized virtual currency secured by Encryption Techniques. The first
crypto currency was Bit coin created in 2009. Discuss what Bit coins are and what
are the benefits and risks associated with the same. Also, discuss any two
cases wherein Bit coin has been reported to be used for illegal activities.
3. A Grocery store Super Cart
has started accepting payments through digital modes after more stress on
accepting digital payments was given by Indian Government. Digital Payments
offer the ease in making financial transactions by eliminating the need for
carrying plastic cards, cheque books and cash every time. With the same
perspective, discuss the following:
a. Discuss how Super Cart would
be benefitted by accepting payments by digital mode as compared to paper based
payments.
b. Discuss the steps of digital
payment process which will be followed when Super Cart will accept payments
through digital modes.
For Nmims Assignment Solution Contact
info.casestudyhelp@gmail.com
+91 9422028822
