Electronic Payments Essay
|Prince Kwame Senyo | |
|University of Ghana | |
|firstname.lastname@example.org | |
Technological advancement has caught up with us in the developing world and there is a need to rapidly change and focus on how best we can make optimum use of this opportunity. Payment for goods and …show more content…
Firms become popular, visible and closer, and also deepened their transactional interaction with their suppliers and customers through electronic commerce development (Boateng et al., 2011). Firms who adopt and use electronic payment systems enjoy benefits which includes optimize and shorten cash lifecycle, reduction in operational, logistics and infrastructure cost, security enhancement and most importantly increase in revenue. Nevertheless, their customers tend to be satisfied in their dealings with the firm in terms of product or service delivery (World Payment Organization, 2011).