A digital payment system encompasses various technologies and methods that facilitate electronic financial transactions in modern commerce. This includes systems such as credit/debit cards, mobile wallets, and online payment gateways that enable consumers to make purchases seamlessly. Digital payment systems enhance convenience, allowing for faster transactions and greater accessibility for consumers and businesses alike. They also often incorporate security measures like encryption and two-factor authentication to protect user information. As digital payments become increasingly prevalent, these systems are key to modernizing transaction methods and promoting financial inclusion on a global scale.