electronic payment-based
[ih-lek-TRAH-nik PAY-muhnt-BAYSD / e-le-TRÔ-ni-ko ba-ZA-du em pa-ga-MEN-to e-le-TRÔ-ni-ko]
adjective
baseado em pagamento eletrônico
1. Describing a system, service, or transaction that relies on electronic methods of payment rather than physical currency or traditional payment methods
The company developed an electronic payment-based system to streamline its billing process.
A empresa desenvolveu um sistema baseado em pagamento eletrônico para agilizar seu processo de cobrança.
2. Characteristic of or relating to digital financial transactions conducted through electronic channels
Electronic payment-based solutions have become essential for e-commerce businesses.
Soluções baseadas em pagamento eletrônico tornaram-se essenciais para negócios de comércio eletrônico.
In Brazil, the adoption of electronic payment-based systems has accelerated significantly due to high smartphone penetration and the popularity of instant payment services like Pix (launched in 2020). In the USA, this term is commonly used in fintech and retail contexts. Portugal and other European countries use the term in compliance with EU digital payment regulations.
NYC Slang
cashless system / digital-first payment setup
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