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.
Navneet Kaur (Wed,) studied this question.