Digital Payments

What is a Cashless Society? What is a Cashless Society? A cashless society is an economic state or concept where all financial operations are made through electronic systems instead of physical money such as coins and bills. Cashless societies already exist during the nascent stage. One of the most popular exchange methods is the barter system during this time. Below are the cashless payments used in the modern world. Types of Cashless Payments Types of Cashless Payments...

The company has a large user base in Brazil, boasting over 120 million individual users, making it the second largest just behind India. Chief Operating Officer of WhatsApp, Matt Idema, told Reuters in an interview that they look forward to helping digital payments grow and also help grow the digital economy for small businesses, while supporting financial inclusion. With many of Brazil’s small businesses already using WhatsApp as an effective marketing tool, this new tool looks at making online payments easier, especially in a country still suffering the effects of the Covid-19....

There is actually more to it than just sending and receiving money from family and friends. By signing up or creating an account on this platform, you are creating a unique Abeg tag, through which people can send you money or request money from you. The said “tag” can then be used to create a community of users, similar to social media, where users can connect to one another and send money....