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Nowadays instead of going to the bank physically to do bank-related activities such as depositing money, we can just use our smartphones to do these activities. For example, this morning I have used my smartphone to deposit R500 in my mother’s account. This is an example of ________. A. M-commerce B. Digital payments C. Business to customer commerce D. E-commerce

Question

Nowadays instead of going to the bank physically to do bank-related activities such as depositing money, we can just use our smartphones to do these activities. For example, this morning I have used my smartphone to deposit R500 in my mother’s account. This is an example of ________. A. M-commerce B. Digital payments C. Business to customer commerce D. E-commerce

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Solution

This is an example of B. Digital payments. Digital payments are transactions made over the internet or online using electronic devices such as smartphones or computers. In this case, you used your smartphone to deposit money into your mother's account, which is a form of digital payment.

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