THE RISING POPULARITY OF DIGITAL TRANSACTION PLATFORMS

Abstract

Using of electronic transaction platforms has increased as our economies had become more and more connected to the internet. The platforms presently middle an enormous number of exchanges between end-clients and autonomous merchants and specialist organizations in numerous pieces of the economy. The worldwide rising popularity of digital transaction platforms has huge ramifications for retail, advertising, and circulation as the current connection designs in the worth chain are progressively supplanted by new computerized systems. The Internet progression and the appearance of online business encouraged digitalization in the installment measures by giving a variety of electronic installment choices including computerized and versatile wallets, digital money, contactless installment strategies, and so on. In the paper, we will investigate the eventual fate of this industry and assess the present status, also development of digital installment in different business sectors. This research investigates different frameworks of electronic transactions, security issues identified with them, and the fate of the portable money installment mode. Later on, we can expect the development of portable money installments worldwide made via cards on the POS terminals by virtue of all the security and convenience provided by versatile electronic installment strategies.