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What is Digital Money?

Wednesday, June 19, 2019, 5:41 PM

Digital money is currency in the digital form. Digital money can be transferred using electronic payment systems like NEFT, ECS and credit/debitcard payments. Digital money enables faster, secure payments across bank accounts.Digital money reduces cash payments and associated risks. The transactions are completely online and can be carried out really fast. Digital currencies have changed the way money is transacted and payments settled.

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