1. As a person, what does this payment system has done to the lives of our...

1. As a person, what does this payment system has done to the lives of our people?

2. Bank has it’s own way in processing its loan. From The loan cycle that starts with application to payment, Which part in the process would do you think the easiest and the hardest? Can you explain why?

3. Can you cite to me what is beyond this scenario that the bank do, without seen by our naked eye?

Expert Solution

1. The payment system of the banks have impacted our lives very well and have also change the way we have been processing our payments. the realtime payments have impacted our lives in a positive way.

2. The most difficult part is the Verification of the KYC documents. because the establisment of the genuinity of the person is must. The disbirsement of the loan is the easiest part because it is the last and the easy method.

3. the screening that the bank does is of utmost importance and which is hidden from the eyes of the people.

jeff jeffy answered 2 years ago

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