Need help with my Management question – I’m studying for my class.
you will explore digital/mobile payment methods. Two of the most popular mobile payment methods around the world are WeChat Pay (developed by Tencent) and AliPay (developed by Alibaba). The BI portal has numerous articles about mobile payment and digital payment platforms. Please read several of these articles to familiarize yourself with business trends in this area. Please also read about WeChat Pay and AliPay, what these are and how they work.
Once you have done this, please write a 400-500 word blog to discuss either (1) several cost management benefits retailers experience from the use of these mobile payment methods, or (2) the implications of such payment methods for traditional banks. In your blog, please include any hyperlinks to relevant material you would like to share with your peers.