In today's world, how we pay for goods and services is constantly evolving. This course delves into the various types of payment methods available, both traditional and digital. You'll gain a clear understanding of how each method works, its advantages and disadvantages, and how to choose the right option for different situations.
Course Topics
Traditional Payment Methods: We'll explore the fundamentals of cash, checks, and money orders, discussing their usage, security considerations, and limitations in the digital age.
The Rise of Plastic: We'll examine debit cards and credit cards, including their functionalities, fee structures, and responsible credit card use.
Prepaid Convenience: We'll explore prepaid cards, understanding how they work, their benefits for budgeting and managing finances, and their potential drawbacks.
The Digital Revolution: We'll dive into the world of digital payments, covering online payment processors, mobile wallets, and contactless payments using near-field communication (NFC).
Emerging Trends: We'll discuss the latest payment innovations, including digital currencies, buy-now-pay-later (BNPL) services, and instant bank transfers (e.g., UPI).