LANCE ALLUYSIUS D.

DELA CRUZ BSBA HRM 1 – C

BUSINESS FINANCE ACTIVITY 1

TRENDS AND DEVELOPMENT FUNCTIONS OF MONEY EXPLANATION

PERFORMED
1. GCASH Store of value, medium of GCash is a well-known
exchange micropayment service that
turns a smartphone into a
virtual wallet for safe, quick,
and practical money transfers.
With GCash, you may shop
online, pay bills, mail money,
make donations, buy prepaid
credit, and even buy things
without having to use cash.
2. PAYPAL Store of value, medium of PayPal is an online payment
exchange system that makes it easier for
people and businesses to
exchange money. PayPal
provides debit cards for
payments, credit card readers
for use in companies, and lines
of credit in addition to
accepting payments online.
3. VISA CARD Store of value, medium of It can access your bank
exchange account securely, 24/7 to
make purchases, pay bills, or
get cash, anywhere in the
world where Visa is accepted.
4. MASTERCARD Store of value, medium of The electronic movement of
exchange money between banks or
other financial institutions and
businesses is made possible by
payment networks like
MasterCard. They give banks
and other financial institutions
branded payment processing
services for credit cards, debit
cards, and prepaid cards that
they can subsequently offer
their clients.
5. ONLINE BANKING Store of value, medium of It enables an Internet user to
exchange conduct financial transactions.
Internet banking or web
banking are other names for
online banking. Customers can
access practically all of the
services typically provided by a
local branch of banking online,
including deposits, transfers,
and online bill payment.