Advantages of Electronic Payment Systems


1.  Privacy.

2.  Integrity.

3.  Compatibility.

4.  Good transaction efficiency.

5.    Acceptability.

6.  Convenience.

7.  Mobility.

8.  Low financial risk.

9.  Anonymity.


1) The greatest advantage of e-payments is the convenience. I.e. customer can pay on one from any locations 24 hours day, 7 days a week.


2) E-payments have reduced the amount of time spent on bill management or payment by about



3) Compared to the cost of postage, check writing has any online payment can save the money.


4) E-payments are secure.

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