• Vishakh Nambiar

The electronic payment method is based on the Internet. Ecommerce has developed new financial needs that traditional payment systems can't provide. Recognizing this, nearly all interested parties are investigating the following four types of electronic payment systems: online credit card payment systems, online electronic cash systems, electronic cheque systems, and smart card-based electronic payment systems. The Reserve Bank of India (RBI) administers this system and is doing everything to promote alternative payment methods that will improve payment system security and efficiency. Because of the rapid growth of the Internet, the Fintech Industry has a lot of room for expansion in the future. This paper provides an overview of electronic payment methods and compares and contrasts some of the different types of electronic payment systems, which can be divided into three categories: traditional money transactions, digital currency, and credit–debit transactions. Security, acceptability, ease, cost, anonymity, control, traceability, and encryption method control are just a few of the needs for such payment systems. It also considers the benefits and drawbacks to the customer, merchant, e-payment service provider, and financial institution. Although these systems use cryptography to offer security, many consumers are still hesitant to make online purchases for fear of hackers gaining access to their financial information.

"Survey On Fintech", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 2, page no.e272-e282, February-2022, Available :http://www.jetir.org/papers/JETIR2202434.pdf

"Survey On Fintech", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 2, page no. ppe272-e282, February-2022, Available at : http://www.jetir.org/papers/JETIR2202434.pdf