Digital payment systems refer to electronic methods of exchanging money for goods and services, often facilitated through online platforms, mobile applications, or point-of-sale systems. These systems enhance convenience and speed in transactions, allowing consumers and businesses to operate in a fast-paced global economy. As globalization continues to shape the world, digital payment systems play a crucial role in streamlining cross-border trade and facilitating economic integration.
congrats on reading the definition of digital payment systems. now let's actually learn it.