SPEAKING E-MONEY XII A-C

QR code = a machine-readable code consisting of an array of black

and white squares, typically used for storing URLs or other

information for reading by the camera on a smartphone.

Deduct = subtract or take away (an amount or part) from a total

E-wallet = a type of electronic card which is used for transactions

made online through a computer or a smartphone

Fumbling = doing something awkwardly, especially when using your hands

E-payments = electronic payments for transactions made on the Internet.

Siphoned off = to dishonestly take money from an organization or other

supply, and use it for a purpose for which it was not intended

E-commerce platforms = the buying and selling of goods and services, or the

transmitting of funds or data, over an electronic network

Flinch = make a quick, nervous movement as an instinctive reaction

to fear, pain, or surprise

Cash-based = used to describe investments, financial products, etc. that

involve money rather than shares, bonds, etc

Cashless = using or operating with credit and debit cards and electronic

systems, not money in the form of coins or notes