Accountancy, asked by kpavithra7510, 10 months ago

What is current payment scheme

Answers

Answered by ajayvermatissa

A payment scheme is a set of rules which. have agreed upon to execute transactions through a specific payment instrument (such as credit transfer, direct debit, card, etc).

Answered by nidaeamann

Explanation:

A payment scheme is a set of rules and technical standards for the execution of payment transactions using the given payment systems that are in practice. These payment schemes can vary with the passage of time and evolution of technology

In current payment scheme, this directly integrates to your point of sale and delivers a fast and smooth payment experience by allowing the cash flow through electronic money cards(such as visa or credit cards).

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