Digital Transactions

Digital transactions refer to any exchange of goods, services, or currency that occurs electronically, typically over the internet. This encompasses a wide range of activities, including online purchases, electronic fund transfers, mobile payments, and other forms of digital financial interactions. Digital transactions leverage various technologies such as payment gateways, digital wallets, and cryptocurrencies, enabling consumers and businesses to conduct financial activities without the need for physical cash. They are characterized by their speed, convenience, and efficiency, and they often involve the use of secure protocols to protect sensitive information. The growth of e-commerce and advancements in technology have significantly increased the prevalence and acceptance of digital transactions in daily life.