A critical evaluation of electronic payment system: A review study

Money is the medium of exchange for goods and services. Earlier goods are exchanged for other goods, as the time passed currency notes came into existence and now payments are done through digital modes. Digital payment is a way of payment which is made through digital modes via internet. Ease of doing payment is one of the key factors for users to move towards digital payments. This paper studies past literature of Electronic Payment System (EPS) for its evaluation and to fulfill the gap of the study in EPS.