Digital Payment Services
Digital payment Services is also called electronic payment. This is the transferring of payment value from one payment account to another using a digital device. This device may be a mobile phone or a computer, a POS (point of sales), or digital channel communications like mobile wireless data.
There are various modes of digital payment and some of them are debit/credit cards, internet banking, mobile wallets, UPI, digital payment apps, etc.
Advantages of Digital Payments
There are many advantages of Digital payments and to know about these, you can go through the points mentioned below:
- There is increased security as you no longer have to carry cash.
- It is much more convenient.
- There are seamless transactions
- You can avail the offers and discounts
- You can track the amount you spend.
