How can consumers and businesses save money at a per-transaction level? By using a phone to make payments, for example, they are using air time, which has a cost; whereas in making a payment online using the Internet, their router cost is already covered by the subscription, and a paper copy of the transaction can be printed for reconciliation purposes.
On the part of business, the start-up costs for SMEs are very costly, the flat fees to accept electronic payments are very high, and unless all of their customers are agreeing to pay online at once, they're in the hole for several months.
So can you explain to me how both the consumer and the SME that wants to accept electronic payments can save on a per-transaction level?