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Internet Governance Glossary


3.15 ePayment

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


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.