Fay proposal.docx - The innovation of digital payments Thesis statement This essay will explain the definition of digital payments and describe its

Fay proposal.docx - The innovation of digital payments...

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The innovation of digital payments Thesis statement: This essay will explain the definition of digital payments and describe its applications. It will then evaluate the contribution of digital payments to improve banks working efficiency and to convenient individuals life as well as there are also some problems in digital payments. In the end of this essay, there will present some potential develop- ments about digital payments in the future. Explanation : Digital payments is that the process of buying and selling products and services fin- ished via the Internet. It includes enormous payment methods (credit cards, online payment applications, such as PayPal and Apple Pay. Application: 1: Mobile devices: digital payments are using in mobile devices like pos machine or smartphone. 2: Credit cards: digital payments can be used in credit cards, it are declining the use of
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