E-Cheque as a Modern Mechanism for Payment

Abstract

An electronic cheque is one of several electronic payment mechanisms that have replaced paper payment methods. Individuals can use this e-cheque as a convenient and quick method for payment. It performs the same functions as a paper cheque and is governed by the same regulations. The meaning and importance of e-cheque, as well as the working method and requirements for e-cheque, will be presented in this study. The first section of this study will go through the legal structure of e-cheques, and the second section will discuss methods of dealing with electronic cheques. The study will also highlight the results of managing electronic cheques, as well as recommendations for dealing with electronic cheques that support this sort of e-cheque as a modern and quick electronic payment mechanism.