DIGITAL PAYMENT

AND BANKING

PIÑEDA, JHONA CLAIRE A.

PUYA-AO, NORMINA GRACE
 PART 01

What is digital payment

And banking
 What is digital payment
01 02 03

A digital payment, It include payments Digital payments

sometimes called an made with bank include any method of
electronic payment, is transfers, mobile transferring money or
the transfer of value
money, QR codes, and digital currency
from one payment
payment instruments between two parties
account to another
using a digital device such as credit, debit, using digital payment
or channel. and prepaid cards. technologies.
 What is banking

01
02
Banking is a financial service
* Banks are privately-owned
industry that deals with the
institutions that, generally, accept
acceptance of deposits, lending of
deposits and make loans.
money, and other financial
*Banking refers to a financial
transactions. Banks play a vital
role in the economy by providing a 03to manage and safeguard
activity
your hard-earned money
safe place for individuals and
businesses to deposit their money,
access credit, and facilitate
PART 02
Advantage and
Disadvantage of
Digital Payment
 Advantage of Digital Payment
EFFICIENCY AND SPEED ENHANCE SECURITY
This speed is a game-changer
for businesses, ensuring that
transactions, whether local or Security is a paramount concern for
international, occur promptly, businesses, and the digital payment
fostering a dynamic and system addresses this with advanced
security protocols. Encryption
responsive financial environment.
technologies, secure authentication
COST
processes, and fraud detection
EFFECTIVENESS mechanisms ensure the integrity of
This cost efficiency allows transactions.
businesses to allocate
resources strategically,
optimizing their financial
operations.
 Disadvantage of Digital
LOST OF SMART
Payment
Not all customers or businesses readily
embrace digital payment methods. Some
CARDS
individuals, especially in older
demographics or traditional markets, may
resist the shift from familiar cash-based
transactions. This resistance can limit the
market reach for businesses relying solely
on digital payments.
PRIVACY CONCERNS
It involve the collection and storage of vast amounts of
personal and financial data. Businesses must navigate
strict privacy regulations and ensure robust data
protection measures to avoid legal ramifications and
maintain customer trust.
SECURITY CONCERN
One of the primary disadvantages of
digital payments revolves around security
issues. Businesses and consumers alike
face the constant threat of cyberattacks,
including phishing and hacking.
TRANSACTION COST
digital payments can be cost-effective in
some aspects, businesses may still
encounter transaction fees, particularly
with certain payment gateways or
international transactions.
PART 03
Advantage and
Disadvantage of
Banking
 Advantage of Banking
EASY REGULATIONS
MONEY AND
-Online banking makes transferring -Banks play a crucial role in the economy
TRANSFER
money a breeze. You don’t need to recite
SECURITY
and are highly regulated. They are subjected
account details over the phone or fill in to minimum capital requirement norms
paper forms to send money. based on an international set of capital
standards, known as the Basel Accords.

SERVICES OF DEPOSIT AND LOANS

-Banks offer a safe place to deposit money, and they also
provide a variety of loans such as personal loans, home
loans, and auto loans.
 Disadvantage of Banking
SCAM LIMITED SERVICES
Online banking can be a target
TitleSCAMS
text Online banking can sometimes offer
for scams and limited services compared to
frauds, such as phishing scam s.
traditional banking.
Title text

TECHNICAL ISSUES SECURITY RISKS

Online banking relies on technology, Online banking, in particular, can be
vulnerable to hacking and other
which can sometimes fail or security risks.

have glitches.
 PART 04

Quick Tips to Stay

Safe Digital Payment
 This are the tips of Stay Safe
In Digital payment
3
1 2

Only pay people

Beware of Use a credit card instead of
you know
fraudulent apps debit for online purchases.
 This are the Tips to Stay Safe
In Banking

Selecting a strong Never share your Use your own Avoid phishing
password password computer/laptop e-mails
CONCLUSION
• In conclusion, the integration of digital payments and
banking has transformed the financial landscape,
offering numerous benefits to consumers and
businesses alike. Digital payments provide
convenience, speed, security, and trackability, making
transactions more efficient and accessible. Banking
services complement this by offering a wide range of
financial services online, from account management
to investment services, catering to the diverse needs
of customers.
THANK YOU FOR

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