This paper presents a novel microtransaction engine for digital payments, highlighting reduced transaction costs and improved fraud detection accuracy.
Digital financial inclusion remains a pressing challenge across emerging markets, where traditional banking infrastructure is limited and transaction costs hinder broad economic participation. This paper presents a novel micro transaction engine that leverages blockchain technology and decentralized finance (DeFi) principles to enable secure, low-cost, and real-time digital payments. The system integrates a smart contract-based clearing mechanism with AI-driven fraud detection, ensuring trustless execution and operational resilience. By anchoring off-chain micro transactions to an on-chain settlement ledger, the architecture achieves both scalability and compliance with regional financial regulations. A pilot deployment in an African mobile payment context demonstrates reduced transaction fees by over 70% and a 43% improvement in fraud detection accuracy. These findings position the system as a viable foundation for inclusive and next-generation digital financial ecosystems.
No takes yet. Share an insight, caveat, or question.
Utham Kumar Anugula Sethupathy (2024) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: