Fortifying Digital Payments: Responding to UPI Frauds by Leveraging AI and Blockchain Technology

  • Unique Paper ID: 162200
  • Volume: 10
  • Issue: 8
  • PageNo: 282-286
  • Abstract:
  • This report focuses on India's broad digital payment market and illustrates a sharp rise in digital payment's fraud, as shown through a case study. The paper suggests using machine learning and blockchain smart contracts for anomaly detection as cutting-edge security techniques to counteract emerging risks. While blockchain smart contracts offer a decentralized and unchangeable base, anomaly detection examines user behavior to strengthen the digital payment system. In addition to addressing existing gaps in security, these suggested laws also support a dialogue that places a premium on accessibility and trust, establishing the framework for India's safe and ongoing use of electronic payment systems.

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{162200,
        author = {Srikrish Santhosh and Tanisha Parvatikar},
        title = {Fortifying Digital Payments: Responding to UPI Frauds by Leveraging AI and Blockchain Technology},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {10},
        number = {8},
        pages = {282-286},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=162200},
        abstract = {This report focuses on India's broad digital payment market and illustrates a sharp rise in digital payment's fraud, as shown through a case study. The paper suggests using machine learning and blockchain smart contracts for anomaly detection as cutting-edge security techniques to counteract emerging risks. While blockchain smart contracts offer a decentralized and unchangeable base, anomaly detection examines user behavior to strengthen the digital payment system.  In addition to addressing existing gaps in security, these suggested laws also support a dialogue that places a premium on accessibility and trust, establishing the framework for India's safe and ongoing use of electronic payment systems.},
        keywords = {Anomaly Detection, Blockchain Smart Contracts,  Digital payments, Machine learning.},
        month = {},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 10
  • Issue: 8
  • PageNo: 282-286

Fortifying Digital Payments: Responding to UPI Frauds by Leveraging AI and Blockchain Technology

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