Question: Internet and E-commerce (40 marks) The electronic payment (e-payment) system has grown increasingly over the last decades due to the growing spread of Internet-based banking

Internet and E-commerce (40 marks) The electronic payment (e-payment) system has grown increasingly over the last decades due to the growing spread of Internet-based banking and shopping. As the world advances more in technology development, we can see the rise of e-payment systems and payment processing devices. At present, restaurants and shops that accept credit cards and other forms of mobile payment have to install different devices to process each type of transaction. Different banks have launched electronic platforms to allow merchants to use a mobile single device to accept all credit cards and e-payment methods such as HBSC PayMe, WeChat Pay, Alipay, Apple Pay, TNG Wallet, and UnionPay

Required As an external consultant, you are required to write a report (in your own words) as follows.

a. Analyse and compare any THREE different e-payment methods in Hong Kong.

b Discuss any FIVE successful factors for prompting e-payments in Hong Kong.

c Discuss any FOUR different ways to protect yourself in e-payment.

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a Analysis and Comparison of Three Epayment Methods in Hong Kong Hong Kong has embraced epayment systems with open arms offering a diverse range of options to cater to the preferences of its techsavvy ... View full answer

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