Payments

Payments refer to the transfer of funds or monetary value between two or more parties. It is a crucial aspect of any financial transaction, whether it involves buying goods and services, paying bills, or transferring money to someone else. Payments can be made through various modes such as cash, check, credit/debit card, e-wallet, and bank transfer. With the growth of e-commerce and online businesses, digital payments have become the preferred mode of transaction for many users. Payments are essential to ensure financial inclusion, facilitate economic activities, and promote growth and development.