Digital Payments
Digital payments refer to electronic transactions that enable the transfer of funds between parties without physical cash, using technologies like mobile apps, online gateways, and APIs. This includes methods such as credit/debit cards, digital wallets, bank transfers, and cryptocurrencies, facilitating commerce in e-commerce, retail, and peer-to-peer contexts. It involves integration with payment processors, security protocols, and compliance with financial regulations.
Developers should learn digital payments to build secure, scalable applications for e-commerce, fintech, and mobile services, as it's essential for handling transactions in online marketplaces, subscription models, and global commerce. Knowledge is crucial for roles in payment gateway integration, fraud prevention, and regulatory compliance, especially with the rise of contactless and mobile-first solutions.