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.

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

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

made online through a computer or a smartphone

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Fumbling = doing something awkwardly, especially when using your hands

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

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

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

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

transmitting of funds or data, over an electronic network

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

to fear, pain, or surprise

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

involve money rather than shares, bonds, etc

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

systems, not money in the form of coins or notes

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