Digital Payment

basic
business

Definition

Paying for goods and services electronically instead of using cash or checks. Like having a digital wallet that can instantly pay anyone, anywhere.

Real-World Example

PayPal, Apple Pay, and credit card payments online are all digital payment methods that transfer money electronically.

Frequently Asked Questions

What is Digital Payment?

Paying for goods and services electronically instead of using cash or checks. Like having a digital wallet that can instantly pay anyone, anywhere.

How is Digital Payment used in cloud computing?

PayPal, Apple Pay, and credit card payments online are all digital payment methods that transfer money electronically.

What are related terms to Digital Payment?

Related concepts include Online Shopping, Credit Card, Mobile Payment. Understanding these connections helps build a comprehensive knowledge of cloud computing concepts.

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