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Home What are online banking ePayments?
11 Apr 2023 By PAYCEC
Online Banking ePayments (OBeP) is a type of payment method that was specifically designed to address the unique requirements of payments made via the Internet. It uses secure electronic transaction (SET) protocol, and digital certificates to authenticate both the sender and recipient.
Online banking ePayments are an increasingly popular way of transferring funds and paying for goods and services. This type of digital payment system is also known as e-payment or electronic payment. It involves the transfer of funds from one party to another electronically, eliminating the need for paper money or physical currency.
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