A Bearer cheque is a cheque that is the most vulnerable form of any cheque. As the name indicates, any bearer can encash it or get the fund into his / her / company’s account. With a bearer cheque, the ‘bearer’ and the ‘Payee’ both can take the benefit out of it.
Klip is a cashless payment system of the United Arab Emirates. It is a digital cash platform that eliminates use of physical cash. Also it is a safe and secure mode of payment method as per the promoters Emirates Digital Wallet. It is by UAE’s Central Bank. The launch of Klip is in September 2020 by Emirates Digital Wallet and is tested multiple times with different aspects to make it fool-proof. You don’t need to carry currency notes, coins or credit cards for making payments or even receiving payments. It is a safe mode of transaction system. Anything and almost everything can be purchased through it by making payments. It is very efficient too. Most importantly it is secure too. You can save money or even transfer too.
