Question

c) State the reasons for the popularity of Electronic Payment System.​

Answer 1

Answer:

Here are some reasons why it makes sense to adopt digital payment methods:

• Convenience & Speed. The most basic reason why one should go digital is the sheer ease it brings. ...
• Security. ...
• Consumer Safety & Protection. ...
• Financial gains. ...
• No Financial Leakages.

Explanation:

Answer 2

$\textbf{Answer:-}$

What are the Benefits of Electronic Payment:-

• It saves time.

• It's more efficient.

• It takes cash out of the equation.

• It's more secure.

• It generates more revenue.

• It's easier to administer.

• There's a certainty of payment.

• It saves even more time.