👉 Waxbill, also known as a wax bill, is an electronic payment system that allows consumers to pay for goods and services using a pre-paid card. It utilizes a digital wallet or card reader device attached to a mobile phone or tablet computer. The consumer inserts the prepaid card into the device's slot, and the transaction is completed automatically without needing any manual input. This feature makes it convenient for consumers to make purchases at stores and online, as they can pay with their pre-paid cards instead of
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What is the definition of Waxbills? 🙋
👉 Waxbills, also known as wax bills or wax-bills, are a type of currency used in some countries. They were originally issued by the British East India Company (EEC) during the 18th and 19th centuries to facilitate trade between Britain and India. Waxbills were usually made from natural wax and were typically less valuable than banknotes or coins. In the context of international payments, they serve as a medium for exchanging money in different countries. The
