A STUDY ON ONLINE PAYMENT APPLICATIONS IN INDIA WITH REFERENCE TO AMAZON PARTICULARLY IN THE CHENNAI DISTRICT

Online payment allows you to pay money via the internet. Buyers will use this type of payment when they purchase goods online or offline. They can use dissimilar types of online payment approaches, including debit/credit cards, wire transfers, net banking, and digital wallets. There are a number of different factors that might inform a business's decision to use or accept certain electronic payment types. E-payments offer a number of advantages and assistances, counting cost and time investments, reduced compensation dispensation errors, and condensed business budgets. Payment & settlement systems are mechanisms established to facilitate the clearing and settlement of monetary and other financial transactions. Secure, affordable & accessible payment systems and services promote development, support financial stability, and help expand financial inclusion. It has given a boost to small businesses and boulevard vendors as it allows fast and protected bank-to-bank dealings even for significantly small amounts. It also simplifies quick ready transmissions for refugee labours.

               

KEYWORDS: Amazon, Online, E-Payments, Digital.


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