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UB3

Please follow instructions and use the provided template for the report 

We have learned about some leading technologies that help banking the unbanked. Mobile

banking makes banks more accessible. Mobile money also plays a crucial role in banking the

unbanked.

One noteworthy effort is M-PESA, a mobile money service that allows users to conduct basic

financial transactions without needing to access bank accounts. M-PESA is not the only mobile

payment solution, but when it comes to serving unbanked families, M-PESA is among the most

successful.

In our class, we have discussed some reasons that make M-PESA particularly effective at

improving financial inclusion. In this assignment, let’s try to look at some other mobile banking

and/or payment options. Specifically, we will focus on understanding and comparing the

following:

• Alipay: hJps://en.wikipedia.org/wiki/Alipay

• M-PESA: hJps://en.wikipedia.org/wiki/M-Pesa

• PayPal: hJps://en.wikipedia.org/wiki/PayPal

• Paytm: hJps://en.wikipedia.org/wiki/Paytm

• Wizzit: hJps://en.wikipedia.org/wiki/Wizzit

The Wikipedia pages of these companies are included for your reference, but the Wikipedia

page is likely not enough for this report. Please add additional resources (e.g., academic

research papers, websites) at your discretion. If you use any resources, please use APA style for

your references. You may find a simple but informative guide to APA in this link. For more

detailed information regarding APA, please use the Purdue OWL website.

In this assignment, we will focus on understanding and comparing these potential mobile

solutions. Specifically, we want to unveil how they might or might not help unbanked

households.

Deliverable

The sections that require your answers are marked in blue with “[Insert your answer here]”

.

Please make sure to insert your answers to those fields. Please leave the color unchanged for

your answers (i.e., please leave it in blue).

You will be graded based on the quality of your answers to the raised questions. To make your

answers stronger, please consider citing the sources to support the evidence you provide or the

statement you make.

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