Electronic payments

Electronic payments refer to transactions made digitally, using electronic methods rather than cash or checks. This includes credit and debit card transactions, online bank transfers, mobile payment apps (like PayPal or Venmo), and cryptocurrency. These systems allow consumers and businesses to send and receive money quickly and securely over the internet or through mobile devices. Electronic payments are convenient, often instant, and can enhance tracking and management of finances. They are widely used in retail, online shopping, and bill payments, making them an integral part of modern commerce.