583 Views

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!!

Related Questions

Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Extended Application Deadline: 10th Jan 2024
ISBR Business School PGDM Adm...
Apply
250+ Companies | Highest CTC 16 LPA | Average CTC 8 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business School...
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
ICFAI-LAW School BA-LLB / BBA...
Apply
Ranked 1 st among Top Law Schools of super Excellence in India - GHRDC | NAAC A+ Accredited | #36 by NIRF
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books