“Payment method is how an individual pays for commodity and services.

Popular payment methods

-Debit cards : is a plastic payment card provided to the cardholder to pay instead of
cash. Debit cards are used similarly to credit cards, but differ in that when using a
debit card, money is withdrawn directly from the cardholder's bank account when
making payments.
-Credit cards : Credit card is a type of card commonly used to pay at units that
accept card payments such as supermarkets, convenience stores, and e-commerce
sites as an alternative to cash payments.
- prepaid card : is a form of debit-based payment card that allows you to make
transactions within a limit of the amount you have previously deposited. You can
use this card to make purchases online or at a point of sale (POS), or to withdraw
money from an ATM.
-Contactless payments can be made by credit card, debit or prepaid card, or by
using a mobile phone. The downside of this method is that thieves can easily spend
money with someone else's card. And for this reason, contactless card transactions
are limited to payments.
-Payment by phone : is a service that allows you to use your smartphone to pay
your daily living expenses. It replaces cash and credit cards.
-Cash payment means the use of cash by an organization or individual to directly
pay or perform other payment obligations in payment transactions.
-Online banking, also known as internet banking, is an electronic payment system
that enables customers of a bank or financial institution to conduct a wide range of
financial transactions through mobile, financial institutions