The evolution of the digital payments : the past, present and future of digital payments

Author(s)
Naik, Vaibhav C
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System Design and Management Program.
Advisor
Patrick Hale.
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MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission. http://dspace.mit.edu/handle/1721.1/7582
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Abstract
The past couple of years, we have observed the rise of the Digital Wallet, a potentially game changing technology application in the financial industry. Digital Wallets allow consumers to pay for purchases through digital devices, and the technology has created a battle among payment networks, banks and technology firms. In this paper, we analyse how the Digital Wallet is impacting the technology space, including the level of disruptiveness and future potential. We have two hypotheses regarding Digital Wallets: H1: The Digital Wallet is disrupting the credit card network. H2. The Digital Wallet is disrupting the physical plastic card.
Description
Thesis: S.M. in Engineering and Management, Massachusetts Institute of Technology, System Design and Management Program, 2016.
 
Cataloged from PDF version of thesis.
 
Includes bibliographical references (pages 37-39).
 
Date issued
2016
URI
http://hdl.handle.net/1721.1/115037
Department
System Design and Management Program.
Publisher
Massachusetts Institute of Technology
Keywords
System Design and Management Program.
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