Electronic Payment System and Impact on E-Commerce Development in the Private Sector (Samsang’s Model)

Abstract

The number of mobile phones in use worldwide between 2014 and 2015 grew from less than 1 to more than 6 billion.  The mobile revolution is transforming livelihoods, helping to create new businesses, and changing the way we communicate, work and earn and spend income.  The mobile phone network is already "the biggest machine" the world has ever seen, and now that machine is being used to deliver development opportunities on a scale never before imagined.  During this second decade of the new millennium, maximizing the potential of mobile phones is a challenge that will engage governments, the private sector, and the development community alike.