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List the Advantages of electronic payment systems.

List the Advantages of electronic payment systems.

Answers

Kavungya
- Credit cards allow access to millions of businesses in world.
- Goods and services can b produced immediately or faster.
- Its’ much safer than using cash in terms paying any bills.
- Controls over the operations and expenditures.
- There other additional benefits such as interest-free payments to months or promotions.
- A customer can purchase goods online
- In the case of cards, you can get an immediate replacement of lost or stolen plastic.
- Increase payment efficiency by;
- Reducing transaction costs
- Enabling trade in goods and services of very low value
Kavungya answered the question on May 9, 2019 at 13:35

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