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The management of payment systems has sometimes been regarded as the "behind-the-scenes activities", which are actually not seen by many people. Similarly, payment systems are even compared to the plumbing.
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Online payment Some interesting info online payment • This chapter gives an explanation of the basics of "payment systems." • To begin with, it is necessary to know what a payment is and what a payment system is. • A "payment" usually describes a transfer of monetary value between two parties, (e.g., the seller and the buyer). • Thus any organized arrangement for transferring monetary value between parties can be defined as a "payment system.“ • Payment systems are an essential part of the financial infrastructure and their importance cannot be overstated. for more information please visit : www.feepal.in/