Advantages And Disadvantages Of Digital Wallets
TMC ACADEMY School of Business & Law NAME: LEE SUCHING STUDENT ID:TM17-10149 EXECUTIVE SUMMARY What is the future of digital wallets? Physical wallets replace by digital wallets in our future? Is that everyone will accept digital wallets? Can see few people are start using digital wallets at Singapore for payment at Supermarket or restaurant. The following is a research of digital wallets for future. The research involves what is digital wallets and advantage and disadvantage of digital wallets and how it working. The research also includes security and trust of the digital wallet and how people think about it. TABLE OF CONTENTS Page Executive summary 2 Table of contents 3 Introduction 4 Body of report …show more content…
Want it being smooth isn’t easy. 31% of the world population do not have internet coverage, while 15% have no electricity (Luxton E., 2016). If user would like to use digital wallets at every overseas is quite difficult. Some of the store still using cash transaction such as buying fish or vegetable at small market. Elder generations also didn’t know how to use, before the learn how to use digital wallet they need to learn the function of smartphone and how to secure the phone properly. Some people also no given trust to digital wallets. They also worry about internet hacker will steal the information and can imitate them transfer the money form their account. For example, some user saw the news at TV or newspaper about hacker hack the phone to get the information of the credit cards or debit cards and usurp the
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