mobile payment - india

8/9/2019 Mobile Payment - India

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SMARTPHONES AND ONLINE

PAYMENT


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RESEARCH OBJECTIVES

To understand how smart hones

a!!re!ate the on"#ne a$ment%


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RESEARCH METHODOLO&Y

A descriptive research to fgure out thecurrent trends regarding smartphone usewas conducted.

A quantitative approach was adopted tofgure out statistically the current scenario.

Two hypotheses were ormed stating that:

a. Currently phones are largely used in onlinepayments.

b. In the uture the use o phones in online paymentwill increase.


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A s#m"e random sam"#n! method was adotedand the 'uest#onna#re des#!ned was u"oaded on

&oo!"e (orms%

The data )o""e)ted was ta*u"ated and ana"$+edus#n! the aror#ate stat#st#)a" methods and

too"s%


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SECONDARY DATA

System launching in autumn availableto ! million "# current accountholders rom fve ban$s in new shit

rom card payments


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ANALYSIS AND INTERPRETATION

Th#s #s a one sam"e test to test the ,#rst h$othes#s that more eo"e are

us#n! hones to ma-e on"#ne a$ment%

(#rst"$ ,rom the s#!n#,#)an)e "e.e" we )an )on)"ude that there #s a

s#!n#,#)ant d#,,eren)e%

S#n)e the mean d#,,eren)e #s os#t#.e we )an sa$ that the data shows that"ess num*er o, eo"e are us#n! the hones ,or on"#ne a$ment%

There,ore we re/e)t H0 and a))et H1and )on)"ude that there are

)ons#dera*"$ "esser num*er o, eo"e who use hones to ma-e on"#ne

a$ments%


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This is a one way sample test conducted to test the secondhypothesis that the use o phones or online payment willincrease.

%ere the signifcance level shows there is a considerable

di&erence. 'ut since the mean di&erence is less than (.)* we can

accept the null hypothesis %(and conclude that the use o

phones or online payments will increase i new eaturesare introduced.


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2SA&E O( SMARTPHONES

+,-

-

Chart Title

/o you use smartphones0

1es

2o


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2SA&E O( PHONES (OR ONLINE PAYMENT

3-

34-

Chart Title

/o you use smartphones or online

payment0

1es

2o


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ANTICIPATED RISE IN 2SA&E O( SMARTPHONES

)+-

4-

Chart Title

5ill you use smartphones for online

payment if better features are provided0

1es

2o


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(INDIN&S

3e ,#rst ,ound that the use o, smarthones #s .er$ h#!h

amon! the resondents wh#)h seem to re,"e)t the ,a)t that

use o, smarthones has #n)reased *$ "eas and *ounds% Se)ond"$ we ,ound that "ar!e num*er o, eo"e are

d#ssat#s,#ed w#th the )urrent on"#ne a$ment ser.#)es

a.a#"a*"e%

(rom the sur.e$4 #t was ,ound that most eo"e are

)on)erned a*out the se)ur#t$ o, the s$stem%


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S2&&ESTIONS

It #s our su!!est#on that a ro*ust se)ur#t$ s$stem *e de.e"oed

,or on"#ne a$ment throu!h smarthones as we ha.e ,ound

,rom our sur.e$ that man$ eo"e are w#""#n! to em*ra)e th#s

new te)hno"o!$%

Moreo.er4 the a"#)at#on des#!ned shou"d *e #n su)h a wa$

that eo"e are a*"e to use the #nter,a)e eas#"$ and set u the#r

a))ounts w#th ease%

There #s "ot o, otent#a" #n th#s area and #t has some oss#*"e

monetar$ *ene,#ts as we""%


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RE(ERENCES

6eyer* %arriet 78(4* 9anuary* ;etrieved rom

http:??www.theguardian.com?business?8(4?@an?)?appBappBmillionsBshoppersBpayBsmartphone


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mobile payment - india

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