Essay On Mobile Money
Mobile Money a Continuing Trend The University of Technology Jamaica School of Computing and Information Technology Tutor: Mrs. Latoya Smith Module: Information Technology Group Members Tia Ferguson ID #:1302457 Exton Clarke ID #:1405076 Neckeasha Palmer ID #:1301925 Alecia Christian ID#: 1304823 Certification Page We certified this project was carried out by: Tia Ferguson ID #:1302457 ___________________ Exton Clarke ID #:1405076 ___________________ Neckeasha Palmer ID #:1301925 ____________________ Alecia Christian ID#: 1304823 ____________________ Abstract Mobile money is a tool that allows individuals to make financial transactions using cell phone technology. With everything comes the good and the bad and mobile money is no exception. Mobile money targets rural areas, giving the poor the opportunity to utilize …show more content…
Some of the challenges faced by mobile money services include: Fraud Some players in the mobile money financial services, have undertaken intentional and deliberate action aimed at deriving gain (in cash or e-money), and/or denying other players revenue and/or damaging the reputation of the other stakeholders. Network/Connectivity Problems Some areas may not have dead zones or poor connectivity that can pose as a deterrent to use mobile money as individual in these zones could not make transactions or utilize mobile banking effectively. Cost Though the use of Mobile Money is a great benefit to the customer who use the service, sometimes the cost associated with using the service can prove to be too high for the customer to afford, hence some potential or existing customers would refrain from using mobile money services. Special
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