Which of the following is categorized as Electronic Financial Services (EFS)?

The selection of financial services delivered via electronic channels accurately categorizes Electronic Financial Services (EFS). EFS encompasses a wide range of financial transactions and services that are provided electronically, allowing consumers and businesses to conduct banking and financial activities remotely without the need to visit a physical location. This definition aligns with the core concept of EFS, which is built on convenience, accessibility, and the utilization of digital technologies to facilitate financial transactions, such as online banking, mobile payment apps, and electronic fund transfers.

Other options don't fit the definition of EFS. Services provided exclusively by banks, for example, could also include more traditional, non-electronic interactions. Physical branch banking services are inherently not electronic as they involve face-to-face interactions at a bank's physical location. Similarly, cash handling services tend to involve physical cash transactions, which do not align with the electronic nature of EFS. Therefore, the choice that highlights financial services delivered via electronic channels is the most accurate representation of Electronic Financial Services.