Topic5C presentation e payment wallet vnpay

ELECTRONIC COMMERCE

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Trương Đình Lâu_1711912
Phạm Tuấn Khơi_1711822
Phạm Văn Đơ_1711035


Topic 5:
Electronic
Payment
and Wallet VNPay


What is E-Payment?


E-Payment
An electronic payment (e-payment), in
short, can be simply defined as paying
for goods or services on the internet

● Development path
● E-Payment method


Development path
-

-

Electronic payment system has
been thriving in the past 10
years due to the explosion of
online shopping, but the idea of ​
it has been around for a long
time.
Looking back on the
development of the electronic
payment system, we can point
out its 5 milestones


Development path
1. It all started with the World Wide
Web
-

-

If there were no World Wide Web, there
wouldn’t be online stores and e-services.
The history of the internet starts in 1969
with ARPANET, the military network which
was intended to be a communication
network in the Vietnam War era.
But the main turning point happened in
1989.


Development path

2. The beginning of e-payment
systems
-

-

-

In 1994 Stanford Federal Credit Union was
established – the first financial institution
which offered online internet banking
services to all of its members.
In the beginning, the main players on the
e-payment market were Millicent (founded
in 1995), ECash or CyberCoin (both in
1996).
Moreover, in 1994, Amazon is founded
(one of the e-commerce pioneers) and
Pizza Hut starts accepting online food


Development path
3. Evolution of payment
possibilities
-

-

Most of the modern payment systems are
easy to use with the payment process

minimized to just a few simple steps.
Every year there are new solutions in the
e-payments world that stimulate ecommerce growth.


Development path
4.
-

-

Time for game changers
The online and offline payments are
interpenetrating and the distinction
between these two becomes more and
more blurred each year.
A growing number of online buyers is
noticeable, so we’re sure enough that
smart technologies will be becoming more
popular than conventional banking.


Development path
5. Social networks and new
technologies
-

It is also of the consistent popularity of
social networks and online gaming.
Furthermore, mobile technologies are

developing fast and customers no longer
need PC’s or laptops to buy online. The
future of e-payment depends on the
development of new technologies and the
role of the internet in our life.


E-Payment method
-

Currently, electronic payment
services have many different
forms, namely, the following 5
forms:
● E-wallet
● Card (Credit Card and Debit
Card)
● Smartphone
● E-payment gateway
● Bitcoin


E-Payment method
1.
-

-

E-wallet
Currently, e-wallets are exploding with

extensive marketing communications
strategies on all fronts from many new
brands joining.
This form was popularized 3.4 years ago
with the launch of MoMo, ZaloPay, then
ViettelPay, Mobivi, Payooo,etc has joined
and created a very vibrant market.


E-Payment method
2.
-

Credit Card and Debit Card
These are the two typical and most
popular forms of commercial payment in
Vietnam today


E-Payment method
3.
-

-

Smartphone
Payment via Smartphone is a fairly popular
form of payment in many countries and
has the potential to grow stronger in
Vietnam soon.

This is a form built on the model of the
linkage between banks,
telecommunications providers, consumer
systems and consumers.


E-Payment method
4.
-

E-payment gateway
This is an intermediary software system
connecting the seller, the buyer with the
bank to support and perform collection and
payment services for customers with credit
accounts at the bank.


E-Payment method
5.
-

-

Bitcoin
The proportion of Bitcoin (virtual
money) user in Vietnam is quite
large, this is a currency in the form of
open-source software integrating a
lot of features.

Once you have decided to use Bitcoin
for online payments on your website,
the integration is simple and
completely free.


What is E-Wallets?


E-Wallets
E-wallet is a type of electronic card which
is used for transactions made online
through a computer or a smartphone. Its
utility is same as a credit or debit card. An
E-wallet needs to be linked with the
individual’s bank account to make
payments.

● Classify
● Description
● Revenue


Classify
1. Classification based on
where the data is stored:
● A server-side electronic wallet
○ Security breaches can reveal
thousands of user's personal
information including credit

card numbers - to unrelated
parties.

● A client-side electronic wallet

○ Having to download software
for every computer or phone to
do transactions is one of the
main disadvantages
○ Not flexible

2. Classification based on
where the money is stored:

● The wallet has its own money in
the wallet account
● The wallet is linked to a bank
account
● The wallet is linked with a
payment card (ATM, domestic
card, credit card, debit card).


Description
-

E-wallet has mainly two components, software and information.
● The software component: stores personal information and provides security and
encryption of the data.
● The information component is a database of details provided by the user which

includes their name, shipping address, payment method, amount to be paid, credit
or debit card details, etc.