Electronic payment instruments are digital or electronic forms of money that are used to make payments and conduct financial transactions over the Internet or other electronic means. Here are some key characteristics of electronic payment instruments:
Digital form of money. Electronic means of payment exist in digital form, which means that they exist only in electronic form and do not have a physical analogue, such as banknotes or coins.
Internet and mobile. They are commonly used for online thailand email list payments and mobile payments via the Internet and mobile devices. Customers can make transactions using smartphones, computers, and other electronic devices.
Convenience and speed. Electronic payments are usually faster and more convenient than traditional forms of payment, such as checks or cash. They allow you to quickly and easily transfer funds between accounts and make online purchases.
Examples of electronic payment instruments that are used to make various types of financial transactions:
Electronic money on a bank card allows customers to make purchases in stores, restaurants and online stores, as well as withdraw cash from ATMs. Examples of bank cards include credit cards (e.g. Visa, MasterCard) and debit cards (e.g. Maestro, Visa Debit).
E-wallets such as PayPal, Apple Pay, Google Pay and Samsung Pay allow users to link their bank cards or bank accounts to an app and make online and mobile payments.
Cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are digital assets that can be used to make payments and transfers between users without involving banks or third parties.