Is Your Money Safe with Digital Payment Technologies?
With the rapid advancements in digital payment technologies, a huge number of people have adopted electronic payment services such as digital wallet solutions, e-wallet payments, etc. According to a Grand View Research report, the worldwide digital payment market is projected to expand at a CAGR of 19.4% between 2021 and 2028. And according to the recently constituted RBI-DPI, the index has made a hike to 270.59 from 207.84 between March 2020 and March 2021.
While digital payment technologies have made our lives extremely convenient, the number of cyber-attacks has also increased at breakneck speed. In India, as per data from CERT-In, in 2019 and 2020, the numbers of cybersecurity incidents observed were 3,94,499 and 11,58,208, respectively.
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So, the question is, how can you bolster safety when making online digital payments? Here, I’ve rounded up five safety tips to ensure the safe use of digital payment technologies.