What is the difference between the traditional cross-border large transaction platform mode of payment compared with several other modes of payment methods

1, the nature of different: electronic payment is the use of advanced information technology to complete the transmission of information, its various payment methods are digitized for payment of money, while the traditional payment methods are through the flow of cash, the transfer of bills and bank remittances and other physical entities of the flow of information exchange to complete the payment of money.

2, the characteristics of different: electronic payment environment is based on an open system platform (such as the Internet), while the traditional payment is in a more closed system, such as the banking system of the private network.

3, the requirements of different: electronic payment is the use of the most advanced means of communication, such as Internet, Extranet, while the traditional payment is the use of traditional communication media. Electronic payment software, hardware facilities, high requirements, generally require a network of microcomputers, related software and some other supporting facilities, while the traditional payment is not so high requirements.