As Jerry Maguire was fond of saying “Show me the money”, payment has always been the primary objective of any trade dealing. Sometimes in the form of barter, sometimes in cash or receipt. Sometimes as a pound of flesh. And nowadays in increasingly amazing forms – from credit cards to your prepaid or postpaid mobile phone.
Since payment is a necessary concomitant of trade, payment solutions too have evolved in keeping with developments in trade and commerce. This has taken various forms. Firstly, development of secure, universally acceptable and non-counterfeit-able currency. Secondly, agreements between regimes for conversion. Availability of currency. Electronic payment. Plastic money. Online banking, and much more. If today trade and commerce is omnipresent and easy, credit must be given to the various payment solutions which enable a deal despite differences in culture, regimes, currency or distance.