What are the benefits of an electronic payment system? Despite its advantages, why are people hesitant to use EPS?
The benefits of an electronic payment system are:
Despite its advantages, people are hesitant to use electronic payment systems (EPS) due to the risks involved in it. Some of them are:
- Privacy
- Integrity
- Compatibility
- Good transaction efficiency
- Acceptability
- Convenience
- Mobility
- Low financial risk
- Anonymity
Despite its advantages, people are hesitant to use electronic payment systems (EPS) due to the risks involved in it. Some of them are:
- Tax evasion
- Fraud
- Impulse buying
- Payment conflict
This has led to the integration of traditional payment methods into Internet-related technologies, PPI Claims
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