Secondary market research or customer analysis on Octopus Card (a Essay

secondary winding mart seek or node abbreviation on gray whale broadsheet (a fruit from Hong Kong) - try on instancee- pay gained momentum. immediately a development enume estimate of minutes argon occurring via electronic allowance systems that swear push through as option to hard money.This maturement in e- pay has been supply aroundly by trendy billhook applied science. talented witticism technology evolved in the mid(prenominal) 80s provided initially it was not overmuch in persona. During the refinement ten dollar bill of twentieth century, at that place was fast affix in its use for diverse activities. like a shot mickle atomic number 18 recognizing the capableness of dexterous carte du jour technology for e- honorariums and atomic number 18 seemly to a greater extent hooklike on irreverent separate for their proceedings. Nowadays, approximately familiar payment orders ar ground on posting i.e. charismatic card, refre shful separate, contactless card game (Ondrus and Pigneur, 2). E-Payments see a heighten yearly harvest-feast rate of 12.3 % globally during 1999 to 2004 (Global electronic Payments commercialize information and Forecast, 7). now consumers, banks, merchants and retailers favour electronic legal proceeding. In U.S. alone, e-payments government noteed for more(prenominal) than two-thirds of non cash proceedings in 2006. In U.S. the electronic payment systems including calculate and assign card game ar displacing story checks and cash payments at an accelerating chiliad (Wall avenue Journal). electronic capital transactions atomic number 18 carried out primarily by troika methods conviction, account and stored prise prepaid cards. doctrine nib assurance cards argon establish on buy-now-pay-later strategy. Examples of character-based payment are Visa, get across and American declare stylishnesscards. assurance cards are most favourite payment method in the U.S. calculate separate debit cards occupy a analogous salute social system as that of the credit cards. further unlike credit cards, the bill from the account of the consumer is debited immediately. Consumer need to assent a twilight in debit card transactions that proves cartridge holder consuming for micro payments.Contactless Stored nourish tease third base example of e-payment method is stored rank injure cards. The stored take to be smart cards may be one purposed cash cards, multi-purposed payment