Paper Details

A cashless economy is secure, it is clean. You have a leadership role to play in taking India towards an increasingly digitaleconomy—Narendra Modi. [1]This article focuses on all the aspect of the Security in Digital Payment system in India.With the continuous growth of Internet the trend of on-line business is extremely high. The development of manysecurity protocols to ensure the security in online transaction. There are some loop holes in current e-commerce paymentsystem like Security model, payment security system. The aim of this paper is what are the challenges in digital paymentsystem, how the different protocols to ensure that you’re digitally data are not goes to third person (unauthorized person),how the one layer is co-ordinate with other layer to provide us security of data. Electronic banking, also knownas electronic funds transfer (EFT), is simply the use of electronic means to transfer funds directly from one account toanother, rather than by check or cash. The financial security over the digital payment channel is important for pushing thecashless economy idea.

Vivek Kumar Singh, Shubham, “Security in Digital Payment”, International Journal of Advance Engineering and Research Development (IJAERD), Vol. 4, Issue 11, pp. 129-134, November 2017.