FinTech Payment Systems Pre-Test

Front

Which of the following was the earliest form of payment? Credit Cards, Bartering, Mobile Payments, Bank Transfers

Back

Bartering

Front

What was the primary innovation of the first credit card introduced in 1950?

Back

Universal acceptance across multiple merchants

Front

Which of these technologies was crucial to the development of debit and credit card systems?
Options: Blockchain, Magnetic stripe, Biometric authentication, NFC (Near Field Communication)

Back

Magnetic stripe

Front

The first ATMs were introduced in the 1960s. What was their main purpose?

Back

Withdraw cash without a bank teller

Front

Which payment method became widespread with the rise of e-commerce in the late 1990s? Options: Digital wallets, Checks, Online credit card payments, Mobile banking

Back

Online credit card payments

Front

What does NFC technology, commonly used in mobile payments, stand for?

Back

Near Field Communication

Front

Which company pioneered the concept of online payments in 1998?

Back

PayPal

Front

What is the primary function of a digital wallet?

Back

Enable contactless payments and store card information digitally

Front

Which of the following was one of the first countries to adopt mobile payments on a large scale? United States, China, Germany, India

Back

China

Front

M-Pesa, a mobile payment solution, originated in which country? Options: Kenya, South Africa, Nigeria, Ghana

Back

Kenya