Professor, Panjab University Rural Centre Kauni, Sri Mukstar Sahib, Punjab, India
Digital payments have transformed global commerce, and the integration of Artificial Intelligence (AI) has further accelerated this transformation. This paper examines the role of AI in digital payment systems, analyzing its applications, benefits, and challenges. AI-powered systems are enhancing transaction security, reducing fraud, and improving customer experiences, while also raising concerns around data privacy and regulatory compliance. This study provides a comprehensive view of AI’s impact on digital payments and discusses future trends, such as AI-driven personalization and predictive analytics in payment systems.
Artificial intelligence in finance, Digital payment systems, Fraud detection, Data privacy and ethics, User satisfaction
