ANALYZING THE TRANSITION FROM CASH TRANSACTIONS TO DIGITAL PAYMENT PLATFORMS: IMPLICATIONS AND CYBERSECURITY THREATS

Authors

  • Dr. Navneet Kaur Professor, Sri Guru Tegh Bahadur Institute of Management & IT

DOI:

https://doi.org/10.29121/shodhkosh.v5.i1.2024.6055

Keywords:

Digital Payments, Paytm, Cashless Economy, Cybersecurity, Transaction Security, Algorithmic Detection

Abstract [English]

This research examines the shift in banking transactions from traditional cash methods to digital payment platforms like Paytm. It explores socio-economic impacts, changes in consumer behavior, and addresses cybersecurity threats that come with the digital shift. Using secondary data from RBI Payment System Indicators, NPCI reports, and CERT-In cybersecurity incident reports, the study employs statistical analysis and machine learning techniques to identify and reduce cyber threats, providing insights into the benefits and risks of digital payments.


 

References

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Kumar, S., & Anand, R. (2021). Digital Payments: Growth and Cybersecurity Risks. Indian Journal of Commerce and Management Studies, 12(2), 30-40.

Singh, M., & Jain, N. (2019). Consumer adoption of digital payment methods: Evidence from India. Journal of Retailing and Consumer Services, 48, 200-208.

Verma, A., Sharma, S., & Bansal, P. (2022). Analysis of cybersecurity threats in digital payment systems. Cybersecurity Review, 6(1), 12-25.

World Bank. (2021). Digital financial services. Retrieved from https://www.worldbank.org/en/topic/financialinclusion/brief/digital-financial-services

CERT-In. (2020). Annual Report. Indian Computer Emergency Response Team, Ministry of Electronics and Information Technology.

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Published

2024-01-31

How to Cite

Kaur, N. (2024). ANALYZING THE TRANSITION FROM CASH TRANSACTIONS TO DIGITAL PAYMENT PLATFORMS: IMPLICATIONS AND CYBERSECURITY THREATS. ShodhKosh: Journal of Visual and Performing Arts, 5(1), 2786–2791. https://doi.org/10.29121/shodhkosh.v5.i1.2024.6055