Impact of Social Media on IT Infrastructure Management

IT Infrastructure Management

IT Infrastructure Management 1
Contents
TASK A................................................................................................................................................2
Detailed mechanism used..................................................................................................................2
Difference and similarities between Alipay and other online payment systems................................2
Benefits offered.................................................................................................................................2
Problems presented............................................................................................................................3
TASK B.................................................................................................................................................0
Abstract.............................................................................................................................................0
Index terms............................................................................................................................................0
Introduction.......................................................................................................................................1
Impact of social media.......................................................................................................................1
Conclusion.........................................................................................................................................3
References.............................................................................................................................................0

IT Infrastructure Management 2
TASK A
Detailed mechanism used
Alipay tackles online payments for the customers making a purchase. The company ensures
the buyer’s protection. The customers can select a product and make payment through
Alipay. In order to the transaction at Alipay, it requires bank card and identity card. Alipay
holds the money as escrow and updates to the retailer that the payment has been made by the
customer. The money is not transferred to the Vendor’s account of the Alipay. The company
has attained the most prevalent digital wallet in China. The shopping malls and stores do
admit the Alipay for the payments. Alipay is leading its mission of doing business anywhere.
The company aims to form an online stand to be castoff by merchants or businesses in order
to reach customers.
Difference and resemblances between Alipay and other online payment systems
Alipay is identified as a part of the Alibaba group and is the most commonly used online
payment platform. The company uses Visa and Mastercard to offer payment services to e-
commerce platforms. The company operates with over 180 financial institutions. Alipay has
even an extensive range of online and offline merchants (Xu, Ghose & Xiao, 2018). It is a
secure way. On the other side, TenPay has more than 400 thousand business users.
Both TenPay and Alipay deduct the payment from the consumer’s account in real time in
CNY. Both settle the payment to the account in the preferred currency. Supported currencies
by both the online payment apps are GBP, CAD, USD, HKB, EUR, AUD, KRW, THB and
more. Another similarity between both is the withdrawal of the minimum amount which is
$5000. The commission charged by both the companies is 1-2% on all the transactions.
Benefits offered
Alipay has revolutionized online shopping through innovative technology and vast customer
base. The company reduces the burden of the operations along with the costs. The businesses
can build a reputation through Alipay and offer shoppers to access to reliable products and
satisfies the experience of the customers. The ePass offered by Alipay has a role in
overcoming the challenges and put the business into the higher gear. Alipay is regarded as not
just app but it is a lifestyle in the non-cash society (Lu, 2018).