Paying for goods and services electronically instead of using cash or checks. Like having a digital wallet that can instantly pay anyone, anywhere.
PayPal, Apple Pay, and credit card payments online are all digital payment methods that transfer money electronically.
Digital payment is a business capability (accepting and sending money electronically), not a single cloud service. Cloud providers support it indirectly through building blocks like identity, encryption, APIs, databases, logging, and compliance tooling, while payment processing is typically handled by specialized payment networks and payment service providers (PSPs) such as Stripe, Adyen, PayPal, or card networks.