Benefits and challenges of EPS in developing countries

Saad Mahmood Ahmed, Ibrahim Mohamed, Mohamad Shanudin Zakaria


The primary emphasis of this study is on the adoption of an electronic payment system (EPS) in developing countries, including the economic rewards and problems related to online electronic payment. The internet has allowed consumers to purchase products and services while also transmitting credit card details through a network that cannot guarantee protection of data. The advantages of electronic payment are vast such as emerging people and organizations into a cashless payment while also removing the fear of trading through internet. However, the challenges to use electronic payments, such as public acceptance, a lack of platform operated by finance organization due to insufficient infrastructure and cyber-security and the inappropriate use of the EPS makes several problems for organization. This paper aims to discuss the benefits and challenges of EPS adoption in developing countries.


e-commerce; electronic payment system; e-payment; EPS challenges; EPS benefit

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