The present disclosure generally relates to an electronic system, a computerized method, and a non-transitory computer-readable storage medium for distributed payment of a transaction between a merchant and a group of customers. Each customer has an electronic device linked to a payment instrument of the customer, and the method is implemented on a first electronic device of a first customer in the group of customers. The method comprises steps of: receiving, from a server of the merchant, an electronic bill of the transaction, the electronic bill comprising details of a number of billable items; generating a first payment data token comprising details of the payment instrument of the first customer; broadcasting a communication signal for detecting other electronic devices of the group of customers proximate to the first electronic device; receiving, from the electronic devices of one or more other customers in the group of customers, other payment data tokens in response to detection of the electronic devices, the other payment data tokens comprising details of the payment instruments of the one or more other customers; distributing the billable items in the electronic bill among the first and other payment data tokens; generating a distributed electronic bill of the transaction comprising details of the payment instruments from the distributed payment data tokens and a cost payable by each payment instrument; and communicating the distributed electronic bill to the server for subsequent processing of payment from each payment instrument, such that the transaction is collectively payable by the payment instruments corresponding to the distributed payment data tokens.