Electronic payment refers to the process of making transactions using digital methods instead of cash or checks. This can include various forms such as credit cards, debit cards, mobile wallets, and online banking. Electronic payments are often faster and more convenient, allowing users to complete transactions from anywhere with internet access. These payments are secured through encryption and other technologies to protect sensitive information. Many businesses and consumers prefer electronic payments for their efficiency and ease of tracking expenses. As technology advances, the use of electronic payment systems continues to grow, making transactions simpler and more accessible for everyone.