Abstract
Today, the world has been changed in all way. Everything has a single aspect of Digitalization. It affected the payment system also. Now the customer don’t have to keep physical cash in their hand due to the advance technologies .They can make payments in digital form. Digital payments have made a significant impact in the economy. Now everyone have Smart phones with them. So it became easier to make transactions. The technology is advancing every day, so expert tries to include more ideal features into the payment system to make the transactions more secure and convenient.
Keywords; Digitalization, technology, Digital payments, digital form
The uses of numerous payment methods, technology advancements, and security measures have all been covered in this article. Account-based payment systems make up the majority of payment methods, and security, privacy, confidentiality, and authentication are their top priorities. The essential idea is that, while bearing in mind each transaction should be conducted using authentication and encryption because MPS's security features are crucial to its survival.