ABSTRACT
Cashless economy has ushered in the cashless banking framework across different
countries of the world and this is made possible by the advances in information
technology. Electronic cash is a term becoming more acceptable as the world makes a
shift towards a cashless society. This research work presents the development of a mobile
payment system which implements cashless economy. The main aim of this development
is to reduce some cash-related crimes in our society such as: robberies, the risk of losing
cash in the case of fire and flooding incidents, inefficiency and corruption associated with
cash usage like leakages, money laundering, amongst other cash-related fraudulent
activities. The mobile payment system developed produces services operated under
financial regulation and performed from or via a mobile device. Instead of paying with
cash or check, a consumer can use a mobile phone to pay for a wide range of services,
digital or hard goods. This payment system is a service system where the consumer
sends a payment request via an SMS text message to a short code, the merchant involved
is informed of the payment success and can then release the goods paid for. AT
commands for VB.Net programming language is the tool used in the development of this mobile payment system with Mysql as the database.
, A & IHUOMA, C (2021). Development Of Mobile Payment System: An Implementation Of Cashless Economy. Afribary. Retrieved from https://afribary.com/works/development-of-mobile-payment-system-an-implementation-of-cashless-economy
, AKOBUNDU and CHINYERE IHUOMA "Development Of Mobile Payment System: An Implementation Of Cashless Economy" Afribary. Afribary, 20 May. 2021, https://afribary.com/works/development-of-mobile-payment-system-an-implementation-of-cashless-economy. Accessed 29 Nov. 2024.
, AKOBUNDU, CHINYERE IHUOMA . "Development Of Mobile Payment System: An Implementation Of Cashless Economy". Afribary, Afribary, 20 May. 2021. Web. 29 Nov. 2024. < https://afribary.com/works/development-of-mobile-payment-system-an-implementation-of-cashless-economy >.
, AKOBUNDU and IHUOMA, CHINYERE . "Development Of Mobile Payment System: An Implementation Of Cashless Economy" Afribary (2021). Accessed November 29, 2024. https://afribary.com/works/development-of-mobile-payment-system-an-implementation-of-cashless-economy