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Paypay: E-Business Analysis

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The current trending applications that have been used widely all over the world to conduct a business is either cashless applications or E-businesses. Online trending is becoming more popular in the business sector. Paypal and Alipay are the most popular network trading platform. These payment systems are important for E-business or money transactions.
Paypal was established by Ken Howey and Luke Nosek on December 1998. In 2002, Paypal was acquired by eBay. It has quickly become popular. Paypal is an account-based system that allows anyone with an email address to send and receive online payments. This service is easy to use for customers. Members can instantaneously send money to anyone through the Internet. Recipients are informed by email …show more content…

Digital platforms have infiltrated our lives. Alipay is easier to influence our social life as compared to Paypal which is focuses on eBay and business merchants. China has a great number of the population. Mandarin is their mother language. Therefore, the usage of Paypal is not widely to use in China. Alipay is a mandarin-based application. It also has English version. Multifunctional application of Alipay not only focus on payment transaction but it also includes points collection and other functions. More you spend on this transaction, more reward you can get. Thus, more people will use it for payment rather than using cash payment. Alipay is widely used in China. In China’s society, it is a third-party payment. Users can use Alipay for online payment, purchase a movie ticket, call for the taxi and many more. People can stay at home online shopping and manage personal finance through Alipay. It can increase people's efficiency and the flow of …show more content…

Without needing to bring cash, users can complete their payment online through the Alipay application. Advantages of using this application is time-saving and it is safe. On the other hand, disadvantage of this application will cause the unemployment rate to increase, especially people working in the bank might lose their jobs. This is because the bank need lesser staffs at work as Alipay application has helped the bank to move forwards into AI world, which in other words, people-less world. Alipay will affect small businesses, as well as banks and shopping

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