The most popular payment systems in the world

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You can pay for goods and services with banknotes. However, more and more people prefer non-cash payments, as it is convenient and safe. The rules and principles for transferring money from one entity to another are established by the payment system. It ensures the technical stability of the movement of money, is responsible for the high speed of the transfer and its security. Almost all countries of the world today have developed their own payment systems, and international ones are also actively used.

In fact, a payment system is a service for transferring money in a non-cash way. It is managed by banking and other financial institutions. They not only develop the rules for uninterrupted operation, but are also directly responsible for conducting transactions, keeping funds in accounts, and so on.