Electronic payment contract

Abstract EN

Due to globalization, technology has been able to bring about radical changes in the banking sector, as it has led to changing the course of many banks in various countries of the world, by adopting electronic payment systems and services.

electronic payment methods are among the most important services offered by banks to their customers.

they allow them to purchase their goods, benefit from services, and withdraw money according to an integrated system.

in other words, technical progress has reduced costs and brought benefits to all concerned.

electronic means of payment are based on a contractual idea that binds the provider of electronic payment services and the electronic consumer who uses these means for the settlement of his financial transactions.

this relationship carries duties and obligations between its two parties, which is the electronic payment contract.

this paper aims to detail the electronic payment contract, defining its concept and the contracting parties, addressing its legal nature and related obligations.