DIGITAL PAYMENT AND E-COMMERCE

DIGITAL PAYMENT AND E-COMMERCE:

Digital payments refer to transactions made over the internet using electronic devices such as smartphones, laptops, and computers. Digital payments offer several advantages over traditional payment methods, including increased security, convenience, and speed. The most common types of digital payments include online banking transfers, mobile payments, and digital wallets like Apple Pay and Google Pay.

E-commerce refers to buying and selling goods and services online. E-commerce has seen explosive growth in recent years due to the rise of digital payments and the increasing prevalence of internet and mobile devices. Online shopping has become a popular way for consumers to purchase everything from groceries to clothing and electronics. The digital payment and e-commerce industries are continually evolving and innovating, with new technologies and services being developed all the time.