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Money and Banking — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMoney and Banking3 Marks
Question
What is e-payment?
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Answer

An e-payment system is a way of making transactions or paying for goods and services through an electronic medium, without the use of cheques or cash. The electronic payment system has grown increasingly over the last decades due to the growing spread of internet based banking and shopping.

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