History of Electronic Payments

With the advancement in internet technology popularizing eCommerce businesses, electronic payments have transformed from technological unconventionality to one of the most popular payment alternatives today. Since the inception of electronic payments, this technology has dramatically evolved to achieve its superiority today. Electronic payments have become so popular and dependable that perhaps you can't fathom a world without electronic payments. In a report issued by Statista, in 2019 alone, an estimated 950 million electronic payment transactions were carried out globally. But how did electronic payments become that popular? To answer this question, you must first go back in time. Here's a…