FinTech Payment Systems Post Test

Front

What was one of the earliest forms of payment in human history?

Back

Barter system

Front

In what decade was the first credit card, Diners Club, introduced?

Back

1950s

Front

What was a major motivation behind the development of credit cards?

Back

To simplify transactions and reduce cash handling

Front

When was the first online payment system, PayPal, launched?

Back

1998

Front

What is considered the first widely adopted mobile payment platform?

Back

M-Pesa

Front

Which year marked the launch of Apple Pay?

Back

2014

Front

What was a primary challenge in the adoption of mobile payments during early phases?

Back

Consumer trust and security concerns

Front

What technology underpins mobile payments like Apple Pay and Google Pay? Options: QR codes, Blockchain, Biometric sensors

Back

NFC (Near Field Communication)

Front

How do digital payments impact financial ecosystems?

Back

Promote financial inclusion and reduce cash dependency

Front

What is one of the main advantages of mobile banking?

Back

Eliminates the need for bank branches