Electronic banking, online transactions and it's impacts on businesses?

[Kross]

Nowadays, because of the development of internet and financial technology, people can complete financial transactions through their electronic devices.

What impact has these electronic transactions made on you as a business person and generally, on businesses?

 

[King Belieal]

Electronic banking has made business transactions quite easy to complete. People that have never seen each other do businesses and make payments electronically.

 

[Springtime]

In this digital era, online banking is getting popular. It is convenient and saves time not having to go to branches.

 

[Augusta]

it has made transactions very easy now especially if you don't have physical cash just do a transfer and it is done

 

[Min George]

I think everyone now has their banking app or has enrolled to use USSD code to make transactions much easier.

 

[eLdavis]

I think it has made business transactions a lot easier and faster. People can easily carry out their transfers right there on the spot instead of going to banks and standing in long queue.

 

[Augusta]

Yes transaction in business is really easy now you can get money from customers from anywhere in the world

 

[Min George]

Before now, it was very expensive to do international business. The rise of electronic payment has made international business cheaper.