/

1. GCIT 1015 (Section 2)-
Mobile payment 7
17228042 Cheng Ka Ching, Irene
17227526 Yau Oi Ying, Henrietta
17228867 Chan Hiu Laam, Annie
17224802 Li Yi Yiu, Jacky

2. Introduction-Background
- Systems that let consumers pay by mobile devices
- Great ways to transfer money via mobile without use of any
credit card, check or cash
- Inexpensive and don’t require sophisticated technical
knowledge to implement >>>> many businesses have been quick
to adopt the new technology

3. Introduction-History
Timeline of how mobile payments have advanced into the 21st century:
● 1983: David Chaum, an American cryptographer, starts work on creating digital
cash
● 1994: Although this is disputed, some believe that the first online purchase, a
pepperoni and mushroom pizza from Pizza Hut, occurs in this year.
● 1998: PayPal is founded.
● 1999: mobile phones could be used to purchase movie tickets.
● 2003: 95 million cell phone users worldwide made a purchase via their mobile
device.
● 2007: Both the iPhone and the Android operating system are released.
● 2011: Google Wallet is released.
● 2014: Apple Pay is launched, followed a year later by Android and Samsung
Pay.
● 2020: 90 percent of smartphone users will have made a mobile payment. It’s
estimated that by 2017, there will be $60 billion in mobile payment sales.

4. Introduction-Advantages
Increase speed
of checking
customers out:
quicker to pay with a
mobile device than a
credit card.
Customers are more
willing to return if
they don’t have to
wait a long time in
line
Security:
no longer have to
assume the
security risks
associated with
cash, worry
whether they have
enough cash in
their bulky
physical wallets
Convenience:
Now customers
can make payment
anywhere at
anytime with their
mobile devices
connected with
Internet.
Cost:
lower cost of using
a mobile card
reader or barcode
scanner than
having a credit
card terminal from
a bank, which
charges
merchants with
monthly fees plus
transaction fees.

5. Introduction-Disadvantages
Outdated Technology
and Infrastructure:
If your system is still an older
credit card terminal, or you don’t
own a smartphone then you can’t
accept mobile payments.
Difficult to read terms
and conditions:
It can often too difficult to
read terms and conditions. It
may also possible to make
payments without reading
invoices.
Phone is prone to be
theft:
Mobile devices are prone to theft
which may subject to lose their
card and personal account
information. Since all your credit
card info is stored in one central
location, there is a small chance
that hackers may steal your
information.

6. Mind Mapping
Public link
https://www.mindmeister.com/1024536191/mobile-payment
Embed code
<iframe width="600" height="400" frameborder="0"
src="https://www.mindmeister.com/maps/public_map_shell/1024536191/mobile-
payment?width=600&height=400&z=auto" scrolling="no" style="overflow: hidden; margin-
bottom: 5px;">Your browser is not able to display frames. Please visit <a
href="https://www.mindmeister.com/1024536191/mobile-payment" target="_blank">Mobile
Payment</a> on MindMeister.</iframe><div class="mb-5"><a
href="https://www.mindmeister.com/1024536191/mobile-payment" target="_blank">Mobile
Payment</a> by <a href="https://www.mindmeister.com/users/channel/28930996"
target="_blank">Oi Ying YAU</a></div>

8. Information Searching Methods
Mobile payment
Google: https://www.lifewire.com/mobile-payments-4103869
Yahoo!: http://www.paydollar.com/eng/mobilepayment.html
Baidu: http://www.chinadaily.com.cn/world/2017-10/02/content_32765986.htm
Bing, Live Search: https://techcrunch.com/2016/06/17/the-evolution-of-the-
mobile-payment/

9. Information Searching Methods
“Mobile Money” “Mobile wallet”
Google: http://blog.directpay.online/mobile-wallets-mobile-money-mpos-
differences-business-benefits
Yahoo!: https://www.panamaxil.com/mobifin-mobile-money
Baidu: http://www.xpwallet.com/
Bing, Live Search: https://cassavafintech.com/mobile-money/

10. Information Searching Methods
allintitle: mobile money transfer
Google: https://www.indiapost.gov.in/Financial/Pages/content/Mobile-
Money-Transfer.aspx
Yahoo!: https://www.businessdailyafrica.com/-/539552/675822/-/59cylh/-
/index.html
Baidu: http://www.safemoneytransfer.com/
Bing, Live Search:
https://www.mysurvey.com/index.cfm?action=Main.lobbyGeneral&myCo
ntent=make_money_online_free

11. Video
Mobile Payments: The Good, the Bad, and the
Confusing
https://www.youtube.com/watch?v=fDWZs1IfJ48

13. Online survey 5
Survey link:
https://docs.google.com/forms/d/e/1FAIpQLScmKIVBnjkjJ0d
LYsPOWUdcZXDgzu8YpD1zPUescWLgKSmk3g/viewform?
embedded=true
Embedded code:
<iframe
src="https://docs.google.com/forms/d/e/1FAIpQLScmKIVBnjkjJ0dLYsPOWUdcZXDgzu8Yp
D1zPUescWLgKSmk3g/viewform?embedded=true" width="700" height="520"
frameborder="0" marginheight="0" marginwidth="0">Loading...</iframe>
We have collected 57 survey samples in this topic to know more about
the reasons for people using mobile payment.

14. Data analysis- 6
Which mobile payment you used before?
Most of the respondents have
used PayPal, AliPay and Wechat
before.
We can see PayPal has been
widely used because of its
convenience. We can pay bills,
transfer money directly from our
deposit bank account as well as
online shopping.

15. Data analysis- 6
Why would you use to use mobile payment?
Most of the respondents use
mobile payment because of its
convenience. Some of them use
mobile payment for some
discounts or unsufficient cash in
hand.
We can see how mobile payment
change our life: We can do
transaction even though we do not
have cash in hand via our phone.

16. Data analysis- 6
How frequent would you use mobile payment?
Most of the respondents only use
mobile payment 1-3 times a
month, parts of them use it 4-6
times a month.
We can see people do not rely on
mobile payment and they just use
a few times a month. Mobile
payment is not the mainstream
payment for people.

17. Data analysis- 6
How is the percentage of mobile payment to your
income?
Most of the respondents spend
below 40% of their income on
mobile payment.
We can see people do not rely on
mobile payment and they spend a
portion of their income on it. Mobile
payment is not the mainstream
payment for people.

18. Conclusion and Suggestions
People are more familiar with mobile payment.
They use it more mostly because it is convenient.
However, while we using mobile payment conveniently,
we should be aware the security problem.
Improvement:
A formal security policy should implemented by the
government to all mobile payment services.

20. References list
Rampton, J. (2016, June 17). The evolution of the mobile payment. Retrieved from
https://techcrunch.com/2016/06/17/the-evolution-of-the-mobile-payment/.
Weisser, C. (2015, May 11). 3 Things You Really Should Know About Mobile Payments. Retrieved from
http://time.com/money/3852295/mobile-payment-apple-pay/.
Kumari, Y. (2015, August 23). 7 Pros and Cons Of Mobile Payments You Should Know. Retrieved from
https://www.techgyd.com/7-pros-cons-mobile-payments-must-know/17057/.
Zielonko, J. (2016, February 1). The Pros and Cons of Mobile Payments. Retrieved from
http://www.growwithfarm.com/the-pros-cons-of-mobile-payments/.
Roberts, J. (2013, April 7). Different types of mobile payments. Retrieved from
https://www.mobiletransaction.org/different-types-of-mobile-payments/.