how is E payment system better than traditional payment system?
Answers (2)
22nd Feb, 2022
Hello,
E-payment enjoys advantages for it is appropriate, fast, well organised and economic. As long as the user has a computer which is connected to the internet, he will be able to stay inside and complete the whole payment within a very less time. The cost is even less than one percent of that of the traditional way.
Thank you.
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Student Expert
22nd Feb, 2022
Hello aspirant,
E Payment System is better than Traditional Payment System because of below mentioned advantages.
- It is easily to tranfer money.
- It saves time.
- More effective.
- Contactless.
- Transparent.
- More convinient.
- Generates more revenue.
- Low risk of theft.
- Higher security for payment.
I hope this information was helpful to you.
Best of Luck!!
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