Digital payment definition

Digital payment means a transfer by a payer of a monetary value acceptable to a payee made through electronic means;
Digital payment means a payment which is transferred to a recipient’s individual transactional account using the BEFTN and/or withdrawn through an electronic instrument (e.g. debit cards, mobile phones, national identification cards, etc.) using enhanced authentication measures (e.g. personal identification number, fingerprints, fingerveins, etc.). (PDO Result Indicators P.03 and P.04)
Digital payment means a payment that is transferred to a recipient’s individual transactional account and withdrawn through an electronic instrument (e.g., debit cards, mobile phones, national identification cards, etc.) using enhanced authentication measures (e.g., personal identification number, fingerprints, finger veins, etc.).

Examples of Digital payment in a sentence

  • Please select one of the following payment options, which will be used should you be eligible to receive a settlement payment:  Digital Payment- The payment email will be sent to the email address provided above.


More Definitions of Digital payment

Digital payment means a payment made with a payment card or by a direct debit transaction, processed by a digital dispatch service in a manner that complies with § 801. A digital payment is not a cashless payment
Digital payment means payment through a dispatcher’s digital platform;
Digital payment means the form of payment made through an electronic payment instrument such as eWallet, QR, Bank Transfer, or Cards;
Digital payment means digital payment as defined in Article 1(f) of the Protocol;
Digital payment means a payment made with a payment card or by a direct debit transaction and processed by a digital dispatch service using a vehicle’s MTS meter data. A digital payment is not a cashless payment.
Digital payment means a non-cash payment processed by a digital dispatch service and not by the vehicle operator, such as a payment by a payment card (a credit or debit card), processed through a mobile- or Web-based application. A digital payment does not mean a “cashless payment” as such term is defined in Chapter 6 of this Title.

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