Explain the purpose of online transactions ..
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the purpose of online transaction is the many helpful app and device like WhatsApp, email ,etc
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Online Transaction Process (OLTP) is a kind of digital transfer of funds or money.
- In the modern world wherein life is unthinkable without internet, it is just apt that payments should happen digitally.
- Online transactions are easy, password protection makes them safe and they are much faster than traditional means like cheque deposition .
- Online payment is one of the main reasons behind the success of online business.
- In a way online transactions, enable saving of paper as cheques, drafts are not used.
- Online transactions are here to stay, they will definitely be a defining feature of times to come.
To know more about online transactions, visit:
https://brainly.in/question/2253597
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