Financial Mobility In Immobile World Archives

CHAPTER ONE: INTRODUCTION

1.1 Background of the Study (Development of Mobile Payment in China)

In the present day and age today, the improvement of portable installment applications and systems have experienced critical change and have made a stride towards positive development. As instilled by a report dispatched by Erikson (a worldwide correspondence arrangements and administrations supplier organization) in November 2012, there were approx. 7.5 billion clients of a cell phone, much more than the number of inhabitants on the planet, facilitate development in numbers and toward the year’s end 2018, it is relied upon to reach to 9.3 billion (Li, Leu, and Ji, 2014). In addition, China has risen as a tremendous market of the web. The quantity of web …

Financial Mobility In An Immobile World

The recent outbreak of COVID-19 is an unprecedented global issue, leading many to contemplate difficult questions that are plaguing all of humanity. With rising numbers of cases being identified and related deaths, Bangladeshis are collectively bracing themselves for the worst. Granted, the primary concerns now are more existential than economic, but it is not something we should ignore altogether. For a country like Bangladesh where 24.3 percent live under the national poverty line, with a large proportion involved in low skilled wage labor, the implications of the lockdown will be far-reaching. During crises such as these, liquidity becomes an increasing source of concern—particularly when the “quarantine” of banknotes receives serious consideration to curb transmission …