Trusted by millions of Kenyans
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Describe the E-Cash and Innovative Payment Methods.

Describe the E-Cash and Innovative Payment Methods.

Answers


Kavungya
a). E-cash—the digital equivalent of paper currency and coins, which enables secure and anonymous purchase of low-priced items
b). Micropayments—small payments, usually under $10
c). E-Coin.net-Users purchase some eCoins with a credit card
d). Wireless payments- Vodafone “m-pay bill” system that enables wireless subscribers to use their mobile phones to make micropayments
e). Qpass (qpass.com)- Charges to qpass account, are charged to a specified credit card on a monthly basis
Kavungya answered the question on May 9, 2019 at 13:20

Answer Attachments

Exams With Marking Schemes

Related Questions