Electronic Payment Systems (EPS) as the Catalyst for Business Digitalization and Efficiency
Year: 2025
Type: article
Abstract: Digitalization, the strategic integration of cutting-edge digital technologies into business operations, has evolved from a futuristic notion to an indispensable imperative. This paper delves into the transformative impact of Electronic Payment Systems (EPS) on business efficiency and operational performance. It examines the pivotal role of EPS in fostering digital transformation, expounds on its multifaceted advantages across various business functions, and evaluates the inherent challenges and opportunities accompanying its implementation. Drawing upon a synthesis of scholarly literature and empirical case studies, this research underscores the necessity for organizations to adopt a meticulously crafted EPS strategy to augment competitive advantage, streamline financial processes, and fortify sustainable growth within an increasingly digitized commercial ecosystem.
Authors: Mrs. Nishigandha Bhalekar, Mr. Rajeev Nadkar
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6968327243
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