Explain briefly the term e-billing, Financial Management

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QUESTION

(a) Describe briefly three methods of electronic payment.

(b) (i) Explain briefly the term E-Billing.

(ii) Outline three advantages of E-Billing.

(c) Why is credit card not suitable for micro-payments?

(d) (i) Explain the purpose of the Mauritius Automated Clearing and Settlement System (MACSS).

(ii) Outline three advantages of the MACSS.

(ii) What is the purpose of S.W.I.F.T during fund transfers?


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