Social Sciences, asked by puju97, 4 months ago

Write a short note on E-Banking and E-Money.....????


⚠️Don't spam⚠️​

Answers

Answered by laxmidevasani983
3

E-banking is a product designed for the purposes of online banking that enables you to have easy and safe access to your bank account. E-banking is a safe, fast, easy and efficient electronic service that enables you access to bank account and to carry out online banking services, 24 hours a day, and 7 days a week.

Electronic money (e-money) is broadly defined as an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e-money issuer. The device acts as a prepaid bearer instrument which does not necessarily involve bank accounts in transactions.

plz mark as brainlist and follow me

Answered by sam44257
4

Answer:

E-banking is a product designed for the people to get easy and safe access to their accounts. It is a very efficient service that allow you to do transaction 24 by 7. The best example for E-banking is ATM. People use their debit cards or visa cards with a pin code to do transaction at any time.

Electronic money (e-money) is broadly defined as an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e-money issuer. The device acts as a prepaid bearer instrument which does not necessarily involve bank accounts in transactions.

Similar questions