write a report – approximately minimum 8 or maximum 10 pages, double-spaced. Points will be deducted if less than 8 pages or not includingbibliography; format may vary dependent on ‘Mobile Payment...

I. Technological growth in Information Technology industry has resulted in a surge of different competitive companies and brands[1].Mobile banking and payments are one instance of this progressAs demand in android pay grows, so does its importance in corporate era. Emergence of mobile payment means that digital future is becoming more prevalent in everyone's lives. It provides unique advancements to satisfy customer requirements, such as simplicity , speedy operations.Mobile payments are part of bigger transformation in business and transactions, notwithstanding their tremendous growth[2]. From 2010 through 2020, global GDP is expected to expand at a rate of around 38%.
II. As contactless wallet becomes more widespread, mobile device industry is increasingly helping mobile payment industry, which is an unavoidable trend. On acquiring a new cell phone, a digital payment customer's chance of selecting smart phones with digital money are greater than those without.As digital transactions are relatively more secure and safer method of handling big transactions, general managers and entrepreneurs prefer such a method to run business[3].
A. Mobile payment will not directly benefit mobile device makers, but it will become a need for devices, and producers' own digital money will capture users' allegiance and help them become more well-known.
The transition from paper currency towards digital payments was perhaps most momentous. Traditional payment methods, which most people associate with, like cash, bills, and credit cards, do not meet demands of expanding business growth.
As a result, digital money became a reality in commercial world. First mobile wallets...