Scribd Logo
Upload

Welcome to Scribd!

  • Introduction To Electronic Payment Systems...

    Uploaded by

    Lovely Chaturvedi
    4 views7 pages
    This document provides an introduction to electronic payment systems. It defines electronic payment systems as the transfer of funds through digital mediums rather than cash or checks. Electronic payment systems allow for payments or transactions for goods and services to be made electronically without using cash or checks. Some benefits of electronic payment systems include more secure transactions, faster speed of payments since funds are transferred digitally, saving time and resources by removing the need to go to banks, and increased visibility into the payment process. The document also discusses the evolution of payment systems from bartering to modern digital and crypto currencies, and notes that digital payment transactions in India have increased significantly in recent years.

    Original Description:

    intro

    Original Title

    Introduction to Electronic Payment Systems...

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document provides an introduction to electronic payment systems. It defines electronic payment systems as the transfer of funds through digital mediums rather than cash or checks. Electronic payment systems allow for payments or transactions for goods and services to be made electronically without using cash or checks. Some benefits of electronic payment systems include more secure transactions, faster speed of payments since funds are transferred digitally, saving time and resources by removing the need to go to banks, and increased visibility into the payment process. The document also discusses the evolution of payment systems from bartering to modern digital and crypto currencies, and notes that digital payment transactions in India have increased significantly in recent years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views7 pages

    Introduction To Electronic Payment Systems...

    Uploaded by

    Lovely Chaturvedi
    This document provides an introduction to electronic payment systems. It defines electronic payment systems as the transfer of funds through digital mediums rather than cash or checks. Electronic payment systems allow for payments or transactions for goods and services to be made electronically without using cash or checks. Some benefits of electronic payment systems include more secure transactions, faster speed of payments since funds are transferred digitally, saving time and resources by removing the need to go to banks, and increased visibility into the payment process. The document also discusses the evolution of payment systems from bartering to modern digital and crypto currencies, and notes that digital payment transactions in India have increased significantly in recent years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    INTRODUCTION TO ELECTRONIC

    PAYMENT SYSTEMS...

    -EKTA CHAUDHARY
    MEANING OF
    ELECTRONIC
    PAYMENT
    SYSTEMS...
    It means transfer of funds through
    electronic or digital mediums.
    WHAT ELECTRONIC
    PAYMENT SYSTEMS
    ARE?
    It refers to making payments or
    transactions for goods and services
    on an E-Commerce website or
    electronic environment without any
    need to use cash or check.
    why electronic payment systems is important?

    01
    secure payment transaction... 02 speed of payments...
    It is much more efficient and safe than the since it is made degitally, funds are
    traditional systems. Although digital solutions are transferred much faster tahn traditional
    not immune top hackers and other breaches but payment methods like checks. It can make
    our data experts are working to keep our payment payments online at anytime, from
    info safe. anywhere in the world.

    save time and resources... complete visibility into


    03 04
    Becauuse you do not have any
    payment process...
    constraint of time or location and Lorem ipsum dolor sit amet,
    remove the need to go to banks. consectetur adipiscing elit, sed do
    eiusmod tempor incididunt ut labore
    et dolore magna aliqua. Ut enim
    EVOLUTION OF PAYMENT
    SYSTEMS...

    Barter System Metal Coins Plastic Cards Crypto Currency

    Gold Paper Money Electronic Money


    .
    THE GRAPH OF Digital payment transactions have
    significantly increased from 2,071 crore
    MOBILE/ONLINE transactions in FY 2017-18 to 8,840 crore
    PAYMENTS... transactions in FY 2021-22.
    THANK YOU

    You might also like