Payment Security Landscape: Trends, Challenges & Learnings
Global digital payments space is witnessing heightened growth amidst rising adoption and breakneck pace of innovations. The digital payment market size is estimated to reach a transaction value of USD 19.89 trillion by 2026, recording a CAGR of 24.4% from 2018. Crossing the threshold, the industry is entering a new era – Payments 4.X, where payments are embedded and invisible, and an enabling function to provide frictionless customer experience. As customers make a permanent shift to next-gen payment methods, Digital IDs are critical for a seamless payment experience. Also critical is to ensure security of transactions, especially at a time when payment frauds and cyber attacks are rising at an alarming rate.
Catch the latest insights on Payment Security Landscape: Trends, Challenges & Learnings presented by Renju Varghese, VP- Forensics & R&D, SISA as part of a virtual session – Axis Bank Partner Connect Meet – 2022, organized by Axis Bank ISS Unit on Nov 2, 2022.
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