SYSTEM AND METHOD FOR ELECTRONIC PAYMENT TRANSACTION

摘要

Embodiments of the disclosure relate to system and method for electronic payment transaction. In an embodiment, the present disclosure relates to a method where payment transaction is initiated and transaction information is generated by a computing device. The transaction information is communicated using a communication device to the central server. The central server shall decrypt the transaction information and transmit the transaction information to the concerned issuing server for authentication and payment acceptance. The transaction acceptance information is transmitted back to the communication device by the issuing bank through the central server.