Cultural Change
Traditional to Modern
The norm of paying using cash notes and coins is history. Now everyone uses either cards, phones or even hand accessories for payment. With just a single tap, their transaction is done without having to worry about things like having not enough cash. With E-Payment, consumers have access to all available funds or lines of credit for a given transaction. ​​How fast and simple it can be as compared to 10 years ago. The change that E-payment have brought to the society, in this 10 years, allows people to achieve many things we never thought of before, creating "Smart City"
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Just think about this question:
How many times in the day you pay using cash?
Or even do you bring Cash with you as you go out?
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Payment Guarantees
With E-Payment merchants can have peace of mind since their payment guarantees. At the end of each transaction, regardless of the types of e-payment is chosen to make the transaction, revenues are considered earned for merchants.
More Innovation
The idea of E-Payment has introduced many business idea and concepts to the world. They include more types of e-payment aiming to provide better services and more e-commerce services where e=payment is needed. As such, we can see that more and more people are shopping online due to its convenience and customer satisfaction.
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The video below shows an example of such