This document discusses various electronic payment methods including credit cards, debit cards, stored-value cards, digital currency, e-wallets, and peer-to-peer transfers. It notes that credit cards remain very popular for business-to-consumer transactions due to their convenience of paying later. While electronic payments can increase efficiency and lower transaction costs, challenges include a lack of tax records and increased risks of money laundering and forgery compared to cash payments.
4. Card-based such as: Credit and charge cards
buy now, pay later
Debit cards
buy now, pay now
Cash cards, stored-valued, e-cash
buy now, prepaid or pay before
6. Credit and Debit card
Digital Currency
E-Wallets
Peer-to-Peer Methods
Smart card
Micro-payments
B2B
7. Buy now, pay later
In B2C business, it continues to be the most used form of payment
system given its high convenience.
13. More efficient , Eventually meaning
lower prices Lower transaction costs
Anybody can use it , Unlike credit cards,
And does not require special authorization
14. Tax trail non-existent, like regular cash
Money laundering
Susceptible to forgery
