Digital payment system
Presented by
V vamshi
University pg college
Palamuru University
A Digital payment, called
an electric payment, is the
transfer of value from one
payment account to
another using a digital
device or channel
* Reduce the cost.
* Reduce The risk of
handling cash.
* Increase the ease of
conducting
transactions.
* To achieve the
faceless, paperless,
cashless status
* Increase the
employee ment.
* carrying Large
amount.
* People to transfer the
money with sacurity
and safety.
Advantages :
1. Secure e payment
transactions.
2. 24/7.
3. Save time.
4. Speed of payment.
5. Save money on
processing fee.
Disadvantages:
1. Technical difficulties.
2. Threats to passwords
3. Lack of technology literacy
The online
payment system
have now largely
facilitated not
only the payment
but also provide
a way to finance
everyday
purchase through
credit.