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Question
Define micro electronic payment.
Definition
Solution
Micro electric payment is an online payment system designed to allow efficient and frequent payments of small amounts.
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Classification of Electronic Payment Methods
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RELATED QUESTIONS
Based on the monetary value e payment system can be classified into ______.
Which of the following is not a category of micropayment?
Assertion (A): Micro electronic payment systems support higher value payments.
Reason (R): Expensive cryptographic operations are included in macro payments.
Which of the following is a online payment system for small payments?
Distinguish micro electronic payment and macro electronic payment.
List the types of micro electronic payments based on its algorithm.
Explain the role of micro electronic payment in E-Commerce.
