Question

what is the digital service? how it help in cash transaction.​

Answer 1

Answer:

The term Digital Services refers to the electronic delivery of information including data and content across multiple platforms and devices like web or mobile.

It helps to provide an easy, cheaper and faster method of transferring money.

Answer 2

The process of digital service includes financial transactions electronically which is initiated by a person through his bank and the service provider.

Explanation:

• In digital transactions there is financial transaction of cash from  one account to another. The customer initiates the process of transfer from their banking accounts to the account of another person. This is done electronically and the money goes from their account to the other person's account.
• The process of digital transfer helps with faster transaction of money with saving on costs. It is a secure method of cash transaction which entail security of systems through passwords that help in minimizing any form of fraud or theft
• The process of digital service gives access to a number of financial services along with banking accounts. The user is able to access a lot of banking information through digital services. These services help with ease of transacting money and it also provides the user with the history of transactions

To know more about digital services

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