digital-transactions

Vocabulary Word

Definition

'Digital transactions' are a type of transaction, or exchange, that happens online. This could be money, data, or services - made through internet-based tools or systems, like online banking or cloud file sharing.

Examples in Different Contexts

In banking, 'digital transactions' involve online banking activities such as transfers, bill payments, and account management. A bank manager might explain, 'Digital transactions have made banking more convenient for our customers, allowing them to manage their finances from anywhere.'

Practice Scenarios

Marketing

Scenario:

Our digital advertisement campaign is doing well, but we need to optimize ad placements for better engagement.

Response:

Spot on. We should enhance the visibility of our digital transactions to ensure maximum engagement.

Creative

Scenario:

Our album sales have been slow. It's time we focus more on digital platforms and music streaming benefits.

Response:

Right. We should explore various ways to promote digital transactions, such as discount codes for online purchases.