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@article{174473,
        author = {Neha Sharma and Sunny Garg and Sakshi Singla},
        title = {AI-Powered Digital Payments: Evolution, Securing Transactions & Preventing Fraud},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {10},
        pages = {4253-4260},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=174473},
        abstract = {The rapid expansion of digital payment systems has transformed financial transactions, increasing convenience, speed, and accessibility. However, the increased reliance on digital payments has raised worries about security, fraud, data privacy, and regulatory compliance. Traditional security methods frequently fail to identify complex cyber threats, needing more modern technology solutions. Artificial intelligence (AI) has emerged as a game changer in digital payments, using machine learning (ML), predictive analytics, robotic automation, and biometric authentication to increase security, speed payment processes, and enhance user experience. AI plays an important role in fraud detection by analyzing massive volumes of transaction data in real time to discover anomalies and prevent unauthorized activity. Furthermore, AI-powered risk assessment algorithms improve credit scoring and financial decision-making, resulting in greater financial inclusion. AI-powered chatbots, speech recognition technologies, and tailored financial suggestions improve client engagement while making transactions easier and more efficient. With the increasing complexity of digital transactions, the demand for AI-powered security solutions has never been greater. AI assists financial firms with complying with regulatory norms, reducing human intervention, and ensuring speedier, error-free transactions. Despite its benefits, issues such as data privacy, AI bias, and cybersecurity dangers persist. This article investigates the history of digital payments in India, the use of AI to secure transactions, its role in fraud detection, and the future trends influencing AI-powered digital payment ecosystems.},
        keywords = {Artificial Intelligence (AI), Digital Payment, Fraud Prevention, Digitalization},
        month = {March},
        }