Paying for goods and services electronically instead of using cash or checks. Like having a digital wallet that can instantly pay anyone, anywhere.
PayPal, Apple Pay, and credit card payments online are all digital payment methods that transfer money electronically.
Digital Payment is a business concept (electronic money transfer for purchases), not a single cloud service. Cloud providers support it indirectly through building blocks like identity, encryption, APIs, logging, and compliance services, while the actual payment processing is typically handled by payment networks (e.g., Visa/Mastercard) and payment processors (e.g., Stripe/Adyen/PayPal).