Describe the relationship between electronic payment and online payment.

The so-called electronic payment is a kind of monetary payment and capital circulation realized by means of computer and communication technology and electronic information transmission through computer network system.

Compared with traditional payment methods, online payment has the following characteristics:

Online payment uses advanced technology to complete information transmission through digital circulation; The traditional payment method is to complete the payment through the circulation of physical entities.

The working environment of online payment is based on an open system platform; Traditional payment operates in a relatively closed system.

Online payment adopts the most advanced communication means; Traditional payment is not so harsh.

Online payment has the advantages of convenience, quickness, high efficiency and economy, and the payment cost is only a few tenths or even a few percent of that of traditional payment.