Digital Payment Systems refer to electronic methods that allow individuals and businesses to conduct financial transactions over the internet. These systems include various platforms and technologies, such as credit cards, mobile wallets, and cryptocurrencies, which facilitate quick and secure payments without the need for physical cash.
The rise of Digital Payment Systems has transformed the way we handle money, making transactions more convenient and accessible. Users can easily send and receive funds, pay bills, and shop online with just a few clicks. This evolution in payment methods has also led to increased financial inclusion, allowing more people to participate in the global economy.