Digital Payments

Digital payments refer to monetary transactions that are conducted electronically, using digital devices and platforms. This includes a variety of transaction methods that allow individuals and businesses to transfer money or pay for goods and services through the internet, mobile devices, or other electronic means. Digital payments encompass methods such as credit and debit card transactions, mobile wallets, online banking, and electronic funds transfers. They offer advantages such as speed, convenience, and the ability to conduct transactions anywhere at any time. The rise of digital payments has transformed the traditional financial landscape, enabling a cashless economy and promoting financial inclusion.