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What is Internet Payment

Chapter 15
Strategies and Tools for Managing Connected Consumers
Internet payment system facilitates the acceptance of electronic payment for online transactions that is also known as electronic funds transfer or electronic commerce (e-commerce) through the world wide web.
Published in Chapter:
Empirical Study of Single Platform E-Payment in South East Asia
P. C. Lai (University of Malaya, Malaysia), Evelyn B. H. Toh (Sunway University, Malaysia), and Abdullah Abbas Alkhrabsheh (Albalqa Applied University, Jordan)
Copyright: © 2020 |Pages: 27
DOI: 10.4018/978-1-5225-9697-4.ch015
Abstract
Freedom, choice, and simplicity brought about by the e-commerce and technologies are creating the next internet and mobile wave. The single platform e-payment interactions have emerged in the consumer-centric world. The combination of evolving business drivers, globalization, downsizing, changing customer demands, and the evolution of enabling technology is constructing the customer-centric e-payment solutions. In this chapter, the authors discuss and analyze the e-commerce payment systems with the focus on single platform e-payment. This chapter presents an empirical study of e-payment systems and the implications of the findings on e-payment systems in Southeast Asia. Marketing and management personnel of the e-payment organizations will be able to utilize the study information for developing products and services that encourage the usage of single platform e-payment.
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