Internet Governance Glossary

3

3.15 ePayment

Payment for buying and selling goods or services offered through the Internet, or broadly to any type of electronic monetary transfer.

Note:

The existence of an electronic payment system is a pre-condition for the successful development of eCommerce. ePayment requires differentiation between

  • eBanking which involves the use of the Internet to conduct conventional banking operations, such as payments or fund transfers, and
  • eMoney.