Contactless payment for mobile money in Ghana

dc.contributor.author Clement-Owusu, Isaac Benjamin
dc.date.accessioned 2021-01-26T11:59:39Z
dc.date.available 2021-01-26T11:59:39Z
dc.date.issued 2020-05
dc.description Capstone Project submitted to the Department of Engineering, Ashesi University in partial fulfillment of the requirements for the award of Bachelor of Science degree in Computer Engineering, May 2020 en_US
dc.description.abstract The use of Unstructured Supplementary Service Data (USSD) applications in conducting monetary transactions is an unsafe and slow means of payment. Research has shown that USSD applications utilize outdated encryption techniques, which make it susceptible to hackers during data transmission; they are unreliable and have long processes before payment is conducted. This study aims to explore how Near Field Communication (NFC) technology can be used to conduct payments. Comparing the two payment techniques, it asks: How does NFC payment compare USSD payment and what advantages does one present over the other. In this context, these payment methods are tested with Mobile Money, a mobile banking platform. Based on a review of literature on NFC and USSD as technologies and payment techniques, a system was built to allow payments to be made via NFC technology. A survey was then conducted to collect the duration of the already existing USSD payment and the NFC payment. Analysis of the data collected showed that payment using NFC technology was substantially faster than that of the USSD. The results indicate the efficiency of NFC over USSD. On that basis, it is recommended that mobile money providers implement this form of payment. Further improvements must be made to the system to improve it in terms of security and user experience. en_US
dc.description.sponsorship Ashesi University en_US
dc.identifier.uri http://hdl.handle.net/20.500.11988/602
dc.language.iso en en_US
dc.subject Near Field Communication (NFC) en_US
dc.subject Unstructured Supplementary Service Data (USSD) en_US
dc.subject mobile money en_US
dc.subject MTN en_US
dc.title Contactless payment for mobile money in Ghana en_US
dc.type Senior project en_US
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