Valentine Obi started his company called eTranzact International Ltd to provide safe electronic transactions for banking and non-banking purposes. The company works to secure customer payments and make transactions convenient and effective across many countries in Africa and the UK. Electronic transactions provide advantages like being powerful and convenient, increasing financial visibility, helping governments track money activity, benefits for businesses, and easy tracking of spending. While electronic transactions offer ease and benefits, some privacy and control concerns remain as transactions are recorded and monitored.

1. Valentine Obi
Know More About
Electronic Transaction

2. Introduction:
AnElectronicTransactionisthesellingorbuyingofgoodsorservices,whetherdonefor
businesses,families,individuals,governmentsandotherpublicornon-publicorganizations,
conductedovercomputer-mediatednetworks.Electronicdealingshavebeengoingonfor
years.Financialserviceshavebeenattheforefrontofgrowingthistechnology,allowingto
makeelectronictransactionsquicklyandeasily.

3. Being E-Transactioncommonthesedays.TherearisestheprivacyConcernofaccounts
andpayments.ValentineObi fromgoesthroughalltheproblemsandthenstartedhis
businessnamedeTranzactInternationalLtd.ThisCompanyprovidessafeelectronic
transactionsthatmayberelatedtobankingornonbankingdepartment.Thathelpsthe
publictodotransactionswithoutanyrisk.HeworksforprovidingCustomersecured,
convenientandeffectivemeanstomakeandreceivepayments.HeisrunninghisBusiness
inmanyofthePlaceslikeNigeria,Ghana,Kenya,Zimbabwe,SouthAfrica,Coted'Ivoire,
andtheUnitedKingdom.ThisOrganizationwhichcutacrossvirtuallyallaspectsofthee-
paymentspace; ATM,Internet,POS, andMobile.ThisCompanymadedoingany
transactionveryeasilyandquickly.

4. Advantagesof ElectronicTransactions:

5. PowerfulandConvenient:
GoingcashlessdecreasetherateofthehassleofdrawingcashandfreesfromtheWorriesthat
whethercash-in-handisenoughtomakeapaymentornot.Withcashlessanddigitized
paymentsystemithasbecomeeasierforthepeople.Thisalsospeedsupthemethodofthe
economictransaction.

6. IncreasedVisibility:
Electronicdealingsofthemoneyhaveincreasedthetransparencyasallthedigitaltransactions
arerecorded.

7. CanHelpGovernmentTrackMoneyActivity:
Withfinancialtransactionsrecords,Governmentcantrackthemovementofthemoney
whichenablestotracktheillegalandblackmoneytransactionstakingplaceinthecountry.
Thiscanbeofgreathelptoremovecrimefromthecountryandcanhelptoemergeasa
betterandcorruptionfreecountry.

8. Businesses:
Cashlesspaymentsremovestheproblemoffakemoneyandillegalcashtotally.
Digitalpaymentscanalsoremovetherisksofstoringcashandfearofmoneyfraud.

9. Easytracking:
Cashlessanddigitalpaymentsalsoprovidethefacilityfortrackingthespendingexpenditurein
aneasierway.Recordedtransactionscanhelppeopletoimprovetheirbudgetmoreefficiently
andcanalsohelptosavemore.

10. Goingthroughalltheseadvantages,ValentineObilaunchedtheproductsrelatedto
electronictransactionsthatmakepublicfreefromrisks.Theelectronictransactionisnota
newconceptanditexistedlongbeforetheconceptofcash,heregoodsandserviceswere
giveninexchangeforMoney.Digitaltransactionsarethebitsimilartothattobarter
systemasinboththecasesthereisnotransactionofphysicalCash.Electronic
Transactionshavebecomepossiblewiththeuseofdebitcards,creditcards,andmobile
walletslikeTez,Phonepay,Paytm,onlinebankaccounttransactionandalsothroughdigital
currenciessuchasbitcoin.

11. Allthesehavemadetheprocessquitequickandsecureforthepeople.Asnowthereis
noneedtorisksaboutcashandgoingbanksandATMfrequently.Butthereisalotmore
toconsiderthantheeaseandbenefits.Therearesomeconcernsrelatedtoprivacyand
controlaseveryBuyingandtransactionarenowrecordedsomewhereand
monitoredbysomeone.Whileamajorityofpeopledon’tmindthis,somepeoplewant
theirtransactionsandpurchasestoremainprivateduetomultiplereasons.

12. Thank You