Question
What are the differences between traditional payment and e-payment?
Answer :
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Traditional payment methods and e-payment systems differ significantly in various aspects, including the way transactions are conducted, the security measures, and the convenience they offer to users.
In traditional payment systems, transactions typically involve physical exchange of money. This could include cash, cheques, or money orders. The process requires the presence of both parties in a specific location, and it may take longer for the transaction to be completed, especially with cheques or money orders, which need time for clearance. Additionally, traditional payment methods may require physical infrastructure like banks or retail outlets to
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