Which of the following is the primary purpose of an electronic payment system in E-Commerce?

Options

  • A. To store web pages
  • B. To transfer payment electronically for goods and services
  • C. To create computer networks
  • D. More than one of the above
  • E. None of the above

Correct Answer (Detailed Explanation is Below)

B. To transfer payment electronically for goods and services

Detailed Explanation

Electronic payment systems allow customers and businesses to transfer money electronically while purchasing goods or services. Examples include cards, Internet banking, UPI and digital wallets.
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