What characterizes a low-value payment?

A low-value payment is typically characterized by its repetitive nature and lower monetary value compared to high-value transactions. These payments often involve small amounts and may occur frequently, such as monthly subscriptions or utility bills. The focus on lower value highlights that they do not contain significant financial risk to the parties involved, making them suitable for automated systems or electronic processing.

Immediate action is not a defining characteristic of low-value payments, as urgency is more often associated with high-value payments that require prompt handling. Moreover, while cash transactions can occur with low-value payments, they are not exclusively made in cash; many low-value payments occur through digital means as well. Thus, option C accurately encapsulates the essence of low-value payments by emphasizing their repetitive and lesser monetary aspects.