Assignment Sample Solution: Digital Payments April 2024
NMIM$ Global Access
School for Continuing Education (NGA-SCE)
Course: Digital Payments April 2024
Internal Assignment Applicable for April 2024 Examination
1) Analyze whether cryptocurrencies can be used as medium of exchange for Businesses? Support your answer with examples. (10 Marks)
2) Explain the concept of Near Field Communication (NFC) technology and its applications in modern electronic devices and services. Provide one real-world scenario where NFC is utilized to enhance user experiences and streamline interactions. Discuss one potential security concern related to NFC and suggest a
measure to mitigate this risk. (10 Marks)
3) You are a financial advisor working with a nonprofit organization that focuses on providing humanitarian aid in remote areas. The organization is looking to adopt digital payment solutions to streamline donation collections and aid distribution.
a) Develop a detailed proposal outlining the benefits of digital payment adoption for the organization’s mission, including increased transparency, efficiency, and donor engagement. (5 Marks)
b) Describe the types of digital payment methods suitable for the organization’s needs, the required infrastructure, and any potential challenges or risks. Provide real-world examples of other nonprofits that have successfully leveraged digital payments for similar purposes and explain how these examples could serve as inspiration for the proposed solution. (5 Marks)
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