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Payment Method Management (Payments)
Terms
- What are p2p payments?
- P2P payments (peer-to-peer) are direct electronic transfers between individuals using mobile apps or online platforms, bypassing traditional banking intermediaries for instant money transfers.
- What is a digital wallet?
- A digital wallet is a secure electronic application that stores payment methods, personal information, and credentials, allowing users to make contactless transactions online and in-store without physical cards.