Porting the Pay with a (Group) Selfie (PGS) Payment System to Crypto Currency

Ernesto Damiani; Perpetus Houngbo; Joël Hounsou; Rasool Asal; Stelvio Cimato; Fulvio Frati; Dina Shehada; Chan Yeun

Emerging Technologies for Developing Countries. First International EAI Conference, AFRICATEK 2017, Marrakech, Morocco, March 27-28, 2017 Proceedings

Research Article

Porting the Pay with a (Group) Selfie (PGS) Payment System to Crypto Currency

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@INPROCEEDINGS{10.1007/978-3-319-67837-5_15,
    author={Ernesto Damiani and Perpetus Houngbo and Jo\`{\i}l Hounsou and Rasool Asal and Stelvio Cimato and Fulvio Frati and Dina Shehada and Chan Yeun},
    title={Porting the Pay with a (Group) Selfie (PGS) Payment System to Crypto Currency},
    proceedings={Emerging Technologies for Developing Countries. First International EAI Conference, AFRICATEK 2017, Marrakech, Morocco, March 27-28, 2017 Proceedings},
    proceedings_a={AFRICATEK},
    year={2017},
    month={10},
    keywords={Payment metaphors mobile payment systems Visual Cryptography Trust Crypto currency},
    doi={10.1007/978-3-319-67837-5_15}
}

Ernesto Damiani
Perpetus Houngbo
Joël Hounsou
Rasool Asal
Stelvio Cimato
Fulvio Frati
Dina Shehada
Chan Yeun
Year: 2017
Porting the Pay with a (Group) Selfie (PGS) Payment System to Crypto Currency
AFRICATEK
Springer
DOI: 10.1007/978-3-319-67837-5_15

Ernesto Damiani¹^,*, Perpetus Houngbo²^,*, Joël Hounsou²^,*, Rasool Asal¹^,*, Stelvio Cimato³^,*, Fulvio Frati³^,*, Dina Shehada¹^,*, Chan Yeun¹^,*

1: EBTIC-Khalifa University
2: Institut de Mathematique et Science Physique Quartier Avakpa
3: Università degli Studi di Milano

*Contact email: ernesto.damiani@kustar.ac.ae, jacques.houngbo@auriane-etudes.com, joelhoun@gmail.com, rasool.asal@kustar.ac.ae, stelvio.cimato@unimi.it, fulvio.frati@unimi.it, dina.shehada@kustar.ac.ae, cyeun@kustar.ac.ae

Abstract

     (PGS) is a novel payment system developed at Khalifa University in the UAE, and currently under test at the  (IMSP) in Benin. The PGS system uses a  to gather all information items needed to encode a purchase: the seller, the buyer, the service/product and the agreed price. Using Visual Cryptography (VC), the photo is then “digitally ripped” into two shares, one for the buyer and one for the seller. In the current version of PGS, these shares are eventually and independently sent to a Bank that cooperates to offer the digital payment service to population living in rural areas. When the purchases of a buyer at a given seller pass a pre-set threshold, the Bank executes a traditional fund transfer between the two. This way, PGS spreads the Bank’s transfer fee over multiple purchases, decreasing the financial cost of each purchase. This paper discusses the challenges of  the PGS payment system with digital wallets holding a crypto currency, bringing the financial cost of each purchase to zero.

Keywords: Payment metaphors mobile payment systems Visual Cryptography Trust Crypto currency

Published: 2017-10-25
Appears in: SpringerLink

: http://dx.doi.org/10.1007/978-3-319-67837-5_15