A bank transfer is an offline or online initiated transfer of funds from the shopper's bank account to the merchant's bank account. It can be used by any online shopper with a bank account. Merchants have to wait for the shopper to take action, completes payment and for the funds to arrive in their bank account before delivery of service or product can take place.
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E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.
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A bank transfer is an offline or online initiated transfer of funds from the shopper's bank account to the merchant's bank account. It can be used by any online shopper with a bank account. Merchants have to wait for the shopper to take action, completes payment and for the funds to arrive in their bank account before delivery of service or product can take place.
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