Embedded Files
E-payment, or electronic payment, refers to the process of making financial transactions through digital means, without the use of cash or physical checks. It includes methods like online banking, credit/debit cards, mobile wallets, and QR code payments. E-payment systems offer a fast, secure, and convenient way to pay for goods and services, making them increasingly popular in today’s digital world.
E-payment, or electronic payment, refers to the process of making financial transactions through digital means, without the use of cash or physical checks. It includes methods like online banking, credit/debit cards, mobile wallets, and QR code payments. E-payment systems offer a fast, secure, and convenient way to pay for goods and services, making them increasingly popular in today’s digital world.
What is the difference between Debit and Credit card
Debit Card
Debit Card
Buy Now Pay Now
You use the money in your bank account to buy things.
Your bank account balance determine how much you can use.
Payment is withdrawn from your account once the merchant approves the transaction.
Credit Card
Credit Card
Buy Now Pay Later
You borrow money from the bank to buy things with credit.
Your credit limit determines how much money you can use.
You are responsible for paying back purchases made with this card.
Paywave
Paywave
Contactless Symbol:
Look for the contactless symbol (like a Wi-Fi symbol turned sideways) at the point of sale.Wave and Pay:
Hold your Visa payWave-enabled card or device near the reader, and the transaction will be processed.Secure:
PayWave transactions are processed through the same secure payment network as traditional card transactions.
tips on keeping your card details safe
tips on keeping your card details safe
Avoid inserting your card details when using Public Wifi
Never tell anyone/write your PIN number
Check your bank statements regularly
Report fraud as soon as possible
Paylah
Paylah
A digital wallet linked to your DBS/POSB bank account
It allows users to make payments, transfer funds, and manage their finances through a smartphone app.
Can be used for:
Funds transfer
Bill payments
Prepaid mobile top-ups
Paynow
Paynow
A Singaporean funds transfer service that allows individuals and businesses to send and receive money.
Money is transferred almost immediately between participating banks and e-wallets.
Instead of using Bank Account Number, we can use:
Phone Number
NRIC/FIN number
Unique Entity Number (UEN)
SGQR
SGQR
A unified payment QR code that combines multiple e-payment options into a single label for both consumers and merchants.
SGQR consolidates various QR code payment methods, like PayNow, NETS QR, and others, into one, eliminating the need for merchants to display multiple QR codes.
Click the button below to access your Trivia 6 Quiz ⬇️
Page updated
Google Sites
Report abuse