digital payments
Money without paper
Digital payments are financial transactions conducted electronically rather than with physical cash or checks.
The term covers a broad range of methods—credit cards, mobile wallets, bank transfers, cryptocurrency—unified by the absence of paper money changing hands: The restaurant switched to digital payments only during the pandemic.
Also called electronic payments or e-payments.
- debit cardsDirect-withdrawal payment method
- credit cardsBorrowed-money payment tools
- prepaid cardsPayment tools funded upfront
- blockchainCryptographic linked transaction record
- fraud detectionUncovering deceptive schemes
cryptocurrency · PayPal · encryption algorithms · tokenization · transaction · QR codes · Venmo · peer to peer · instant transfer · buy now pay later · secure checkout · audit trails · payment gateways · data privacy laws · mobile · biometric verification · NFC · payment
- digital societysocial networks, internet, internet culture, online communities, connectivity
- e-commercecheckout, shopping cart, online shopping, cart, online retail
- financebank, CFO, banks, controller, finance
- online servicesweb services, cloud services, SaaS, web hosting, e-commerce
- online shoppingAmazon, cart, checkout, e-commerce, Walmart
- digital lifeapps, email, texting, web browsing, online shopping
digital paymentscash
Ready spending funds
paper money · coins · banknotes · hard currency · cash transactions