Assignment Prompt & Instructions
Please follow instructions and use the provided template for the report
– ## A3instructions.docx
– ## A3template.docx
**## A3instructions.docx**
We have learned about some leading technologies that help banking the unbanked. Mobile
banking makes banks more accessible. Mobile money also plays a crucial role in banking the
unbanked.
One noteworthy effort is M-PESA, a mobile money service that allows users to conduct basic
financial transactions without needing to access bank accounts. M-PESA is not the only mobile
payment solution, but when it comes to serving unbanked families, M-PESA is among the most
successful.
In our class, we have discussed some reasons that make M-PESA particularly effective at
improving financial inclusion. In this assignment, let’s try to look at some other mobile banking
and/or payment options. Specifically, we will focus on understanding and comparing the
following:
• Alipay: hJps://en.wikipedia.org/wiki/Alipay
• M-PESA: hJps://en.wikipedia.org/wiki/M-Pesa
• PayPal: hJps://en.wikipedia.org/wiki/PayPal
• Paytm: hJps://en.wikipedia.org/wiki/Paytm
• Wizzit: hJps://en.wikipedia.org/wiki/Wizzit
The Wikipedia pages of these companies are included for your reference, but the Wikipedia
page is likely not enough for this report. Please add additional resources (e.g., academic
research papers, websites) at your discretion. If you use any resources, please use APA style for
your references. You may find a simple but informative guide to APA in this link. For more
detailed information regarding APA, please use the Purdue OWL website.
In this assignment, we will focus on understanding and comparing these potential mobile
solutions. Specifically, we want to unveil how they might or might not help unbanked
households.
Deliverable
The sections that require your answers are marked in blue with “[Insert your answer here]”
.
Please make sure to insert your answers to those fields. Please leave the color unchanged for
your answers (i.e., please leave it in blue).
You will be graded based on the quality of your answers to the raised questions. To make your
answers stronger, please consider citing the sources to support the evidence you provide or the
statement you make.
**## A3template.docx**
**Assignment 3 –**
**Alipay**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**M-PESA**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**PayPal**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Paytm**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Wizzit**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Comparing Mobile Payment Systems**
Please fill in the following comparison table
_(10 points)_
| | | |
| — | — | — |
| | **Aspects that promote its usage by unbanked families** | **Aspects that hinter its usage by unbanked families** |
| **Alipay** | · [Insert your answer here] | · [Insert your answer here] |
| **M-PESA** | · [Insert your answer here] | · [Insert your answer here] |
| **PayPal** | · [Insert your answer here] | · [Insert your answer here] |
| **Paytm** | · [Insert your answer here] | · [Insert your answer here] |
| **Wizzit** | · [Insert your answer here] | · [Insert your answer here] |
Discuss which system best supports unbanked families and why
_(10 points)_
[Insert your answer here]
**Conclusion**
Summarizing your key takeaways and discussing the potential future directions in enhancing mobile systems to make them better at serving unbanked families
_(5 points)_
[Insert your answer here]
**References**
[Insert your references here]
1
**## A3template.docx**
**Assignment 3 –**
**Alipay**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**M-PESA**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**PayPal**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Paytm**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Wizzit**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Comparing Mobile Payment Systems**
Please fill in the following comparison table
_(10 points)_
| | | |
| — | — | — |
| | **Aspects that promote its usage by unbanked families** | **Aspects that hinter its usage by unbanked families** |
| **Alipay** | · [Insert your answer here] | · [Insert your answer here] |
| **M-PESA** | · [Insert your answer here] | · [Insert your answer here] |
| **PayPal** | · [Insert your answer here] | · [Insert your answer here] |
| **Paytm** | · [Insert your answer here] | · [Insert your answer here] |
| **Wizzit** | · [Insert your answer here] | · [Insert your answer here] |
Discuss which system best supports unbanked families and why
_(10 points)_
[Insert your answer here]
**Conclusion**
Summarizing your key takeaways and discussing the potential future directions in enhancing mobile systems to make them better at serving unbanked families
_(5 points)_
[Insert your answer here]
**References**
[Insert your references here]
1
**## A3instructions.docx**
We have learned about some leading technologies that help banking the unbanked. Mobile
banking makes banks more accessible. Mobile money also plays a crucial role in banking the
unbanked.
One noteworthy effort is M-PESA, a mobile money service that allows users to conduct basic
financial transactions without needing to access bank accounts. M-PESA is not the only mobile
payment solution, but when it comes to serving unbanked families, M-PESA is among the most
successful.
In our class, we have discussed some reasons that make M-PESA particularly effective at
improving financial inclusion. In this assignment, let’s try to look at some other mobile banking
and/or payment options. Specifically, we will focus on understanding and comparing the
following:
• Alipay: hJps://en.wikipedia.org/wiki/Alipay
• M-PESA: hJps://en.wikipedia.org/wiki/M-Pesa
• PayPal: hJps://en.wikipedia.org/wiki/PayPal
• Paytm: hJps://en.wikipedia.org/wiki/Paytm
• Wizzit: hJps://en.wikipedia.org/wiki/Wizzit
The Wikipedia pages of these companies are included for your reference, but the Wikipedia
page is likely not enough for this report. Please add additional resources (e.g., academic
research papers, websites) at your discretion. If you use any resources, please use APA style for
your references. You may find a simple but informative guide to APA in this link. For more
detailed information regarding APA, please use the Purdue OWL website.
In this assignment, we will focus on understanding and comparing these potential mobile
solutions. Specifically, we want to unveil how they might or might not help unbanked
households.
Deliverable
The sections that require your answers are marked in blue with “[Insert your answer here]”
.
Please make sure to insert your answers to those fields. Please leave the color unchanged for
your answers (i.e., please leave it in blue).
You will be graded based on the quality of your answers to the raised questions. To make your
answers stronger, please consider citing the sources to support the evidence you provide or the
statement you make.
**## A3template.docx**
**Assignment 3 –**
**Alipay**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**M-PESA**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**PayPal**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Paytm**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Wizzit**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Comparing Mobile Payment Systems**
Please fill in the following comparison table
_(10 points)_
| | | |
| — | — | — |
| | **Aspects that promote its usage by unbanked families** | **Aspects that hinter its usage by unbanked families** |
| **Alipay** | · [Insert your answer here] | · [Insert your answer here] |
| **M-PESA** | · [Insert your answer here] | · [Insert your answer here] |
| **PayPal** | · [Insert your answer here] | · [Insert your answer here] |
| **Paytm** | · [Insert your answer here] | · [Insert your answer here] |
| **Wizzit** | · [Insert your answer here] | · [Insert your answer here] |
Discuss which system best supports unbanked families and why
_(10 points)_
[Insert your answer here]
**Conclusion**
Summarizing your key takeaways and discussing the potential future directions in enhancing mobile systems to make them better at serving unbanked families
_(5 points)_
[Insert your answer here]
**References**
[Insert your references here]
1
**## A3instructions.docx**
We have learned about some leading technologies that help banking the unbanked. Mobile
banking makes banks more accessible. Mobile money also plays a crucial role in banking the
unbanked.
One noteworthy effort is M-PESA, a mobile money service that allows users to conduct basic
financial transactions without needing to access bank accounts. M-PESA is not the only mobile
payment solution, but when it comes to serving unbanked families, M-PESA is among the most
successful.
In our class, we have discussed some reasons that make M-PESA particularly effective at
improving financial inclusion. In this assignment, let’s try to look at some other mobile banking
and/or payment options. Specifically, we will focus on understanding and comparing the
following:
• Alipay: hJps://en.wikipedia.org/wiki/Alipay
• M-PESA: hJps://en.wikipedia.org/wiki/M-Pesa
• PayPal: hJps://en.wikipedia.org/wiki/PayPal
• Paytm: hJps://en.wikipedia.org/wiki/Paytm
• Wizzit: hJps://en.wikipedia.org/wiki/Wizzit
The Wikipedia pages of these companies are included for your reference, but the Wikipedia
page is likely not enough for this report. Please add additional resources (e.g., academic
research papers, websites) at your discretion. If you use any resources, please use APA style for
your references. You may find a simple but informative guide to APA in this link. For more
detailed information regarding APA, please use the Purdue OWL website.
In this assignment, we will focus on understanding and comparing these potential mobile
solutions. Specifically, we want to unveil how they might or might not help unbanked
households.
Deliverable
The sections that require your answers are marked in blue with “[Insert your answer here]”
.
Please make sure to insert your answers to those fields. Please leave the color unchanged for
your answers (i.e., please leave it in blue).
You will be graded based on the quality of your answers to the raised questions. To make your
answers stronger, please consider citing the sources to support the evidence you provide or the
statement you make.
**## A3template.docx**
**Assignment 3 –**
**Alipay**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**M-PESA**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**PayPal**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Paytm**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Wizzit**
The basic information, including the founding date and the main countries the system operates in
_(2 points)_
[Insert your answer here]
How does it work?
_(5 points)_
[Insert your answer here]
What services does it provide?
_(5 points)_
[Insert your answer here]
Are bank accounts required to use the services?
_(3 points)_
[Insert your answer here]
What aspects of the system might promote its usage by unbanked families?
_(5 points)_
[Insert your answer here]
What aspects of the system might hinder its usage by unbanked families?
_(5 points)_
[Insert your answer here]
**Comparing Mobile Payment Systems**
Please fill in the following comparison table
_(10 points)_
| | | |
| — | — | — |
| | **Aspects that promote its usage by unbanked families** | **Aspects that hinter its usage by unbanked families** |
| **Alipay** | · [Insert your answer here] | · [Insert your answer here] |
| **M-PESA** | · [Insert your answer here] | · [Insert your answer here] |
| **PayPal** | · [Insert your answer here] | · [Insert your answer here] |
| **Paytm** | · [Insert your answer here] | · [Insert your answer here] |
| **Wizzit** | · [Insert your answer here] | · [Insert your answer here] |
Discuss which system best supports unbanked families and why
_(10 points)_
[Insert your answer here]
**Conclusion**
Summarizing your key takeaways and discussing the potential future directions in enhancing mobile systems to make them better at serving unbanked families
_(5 points)_
[Insert your answer here]
**References**
[Insert your references here]
1
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