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how is E payment system better than traditional payment system?


arunkumarj545 22nd Feb, 2022
Answers (2)
Prachi Panda 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.

Sree 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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