If Electronic Payments not exist then
- E-commerce doesn’t exist. It would become very difficult to process online payments for eCommerce solution providers.
- You can’t purchase product or services online.
- You can’t reserve hotel room or air tickets.
- You can’t perform banking transactions.
Impact of Electronic payment
- A low cost for businesses for software development company.
- A higher exchange of goods and services.
- Transaction can perform easily without geographic boundaries.
- Easy way to manage transactions.
- Unlike cheques, electronic payments don’t ‘bounce’ – as payments will not be effected unless the funds are available in the first place , validation made by payment system development company.
No comments:
Post a Comment