Digital Payments
/ˈdɪdʒɪtl ˈpeɪmənts/
Definitions
- (n.) Monetary transactions conducted electronically through digital platforms, often governed by regulations on electronic funds transfer, consumer protection, and anti-money laundering.
The contract specified that all digital payments must comply with relevant financial regulations.
Forms
- digital payments
- digital payment
Related terms
See also
Commentary
In legal drafting, clearly distinguishing digital payments from traditional cash or check payments is critical, especially regarding regulatory compliance and contract terms.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.