Page 196 - ESSAYBCTO ENG 4rd

Gigapay

A new concept of payment, GigaPay

The concept of macroeconomics is the responsibility of the nation and large corporation

s , but the microeconomics should focus on the joy and happiness of small citizens . In
the relationships between individuals , financial institutions and individuals , sellers and c

onsumers, etc., the process of pursuing the best efficiency and profit within an extremel

y microscopic economic scope must become an important issue .

Under this socio-economic logic, all financial and commercial transactions that are curr

ently in use need to be reorganized into new norms that maximize convenience, safety,

and consumer benefits . Accordingly, all of our consumers are actively demanding new

services based on the new economy that are flexible and value-centered on individual r
espect, rather than the traditional services of the past .

Payment market structure so far

In the financial market that has developed to date, especially in the payment field, there
has been a tendency to place greater emphasis on the management issues of policy fina

ncial institutions or the state rather than pursuing consumer convenience or benefits, an

d as a result of the loss of institutional flexibility, there has been a tendency to simply It

remained at the two- dimensional stage of sales and purchases .

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