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importance of payment systems

As payment systems are directly supported by only a limited number of professionals in central banks and commercial banks, the general public seldom or never notices the role and importance of payment systems.

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importance of payment systems

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  1. Payment gateway Some interesting info about payment gateway • This chapter sets up the basic knowledge of payment systems to help the reader understand the discussions in the later chapters. • The background knowledge includes the several aspects of settlement, actors in payment systems, banks as a payment system, process of payment systems, and functions of central banks. • The economic natures of payment systems, such as the network externalities, natural monopoly and interdependencies of payment systems are also discussed in this chapter. for more information please visit : http://www.feepal.in

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