CHAPTER 1 TYPES OF ELECTRONIC PAYMENTS Flashcards
1
Q
– Visa, Mastercard, JCB, and UnionPay
enable cashless transactions.
A
Credit & Debit Cards
2
Q
– Apps like GCash, Maya, PayPal,
and Apple Pay
A
E-Wallets (Digital Wallets)
3
Q
– Bank apps and services like
BPI Online, BDO Digital Banking, and Instapay
A
Online Banking & Fund Transfers
4
Q
– Platforms like PayMongo, Xendit, and
Dragonpay
A
Payment Gateways
5
Q
– Scanning QR codes for fast payments
(e.g., GCash QR, Maya QR, WeChat Pay).
A
QR Code Payments
6
Q
– Bitcoin, Ethereum, and other digital
currencies
A
Cryptocurrency Payments
7
Q
– Tap-to-pay technology via Google
Pay, Apple Pay, and RFID cards.
A
Contactless Payments (NFC)
8
Q
– Services like Spaylater, BillEase, and Homecredit allow installment payments without a credit card.
A
Buy Now, Pay Later (BNPL)
