Digital Payments

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NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Digital Payments

Internal Assignment Applicable for June 2023 Examination

Assignment Marks: 30

Instructions:

  • All Questions carry equal marks.
  • All Questions are compulsory
  • All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.
  • All answers to be written individually. Discussion and group work is not advisable.
  • Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.
  • Students should write the assignment in their own words. Copying of assignments from other students is not allowed
  • Students should follow the following parameter for answering the assignment questions
For Theoretical Answer For Numerical Answer
Assessment Parameter Weightage Assessment Parameter Weightage
Introduction 20% Understanding and usage 20%
Concepts and Application 60% of the formula
related to the question Procedure / Steps 60%
Conclusion 20%
Correct Answer & 20%
Interpretation

 

NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Digital Payments

Internal Assignment Applicable for June 2023 Examination

Q1. Explain with example working of virtual currency? How should security be ensured in virtual currency? Do you think Virtual currencies will take over real paper money in

future? Support your answer with reasons. (10 Marks)

Q2. What all processes are included in payment services? List at least 4 different payment system gateway providers and explain working of any one of gateway provider in detail.

(10 Marks)

Q3. Imagine you own a small business that sells products online. Your customers often abandon their shopping carts because the checkout process is too complicated.

a. What all can you do to solve this problem? How can you use a digital wallet to simplify

the payment process and reduce cart abandonment rates? (5 Marks)

b. Describe the features of a digital wallet that would be most beneficial to your business

and how you would integrate it into your website or mobile app. (5 Marks)

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