Authors :
Mushtaq Ahmad Shah; Khomane Harish; Shradha; Kutlu Hansda; Diksha Chowdhury; Sakshi Yadav
Volume/Issue :
Volume 9 - 2024, Issue 4 - April
Google Scholar :
https://tinyurl.com/7pczej3h
Scribd :
https://tinyurl.com/mpnrumyb
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24APR259
Abstract :
In today's digital age, FinTech’s have become
universal, transforming the way individuals conduct
financial transactions. However, with the convenience of
Fintech also come challenges that users encounter. This
book chapter investigates into the changing landscape of
Fintech challenges, drawing insights from a
comprehensive survey conducted among various
respondents
The survey finds three primary obstacles faced by
users during Fintech: network issues, time consumption,
and privacy concerns. Notably, a significant proportion
of respondents reported encountering network-related
problems, highlighting the critical role of stable
connectivity in facilitating seamless transactions.
Moreover, the chapter explores into the foiling
experienced by users due to the time-and privacy nature
of the payment process, shedding light on the need for
streamlined and efficient payment mechanisms.
Building upon the survey findings, the chapter
offers valuable insights into potential strategies and
solutions to address these challenges. By elucidating
practical approaches and technological innovations
aimed at enhancing Fintech systems' efficiency and
security, the chapter equips readers with actionable
knowledge to navigate the digital payment landscape
effectively. This study's findings add to academic
discussion and have practical implications for
policymakers, industry practitioners, and educators.
Keywords :
Banks, Cost, Efficiency, Digital Payment, Financial Technology.
In today's digital age, FinTech’s have become
universal, transforming the way individuals conduct
financial transactions. However, with the convenience of
Fintech also come challenges that users encounter. This
book chapter investigates into the changing landscape of
Fintech challenges, drawing insights from a
comprehensive survey conducted among various
respondents
The survey finds three primary obstacles faced by
users during Fintech: network issues, time consumption,
and privacy concerns. Notably, a significant proportion
of respondents reported encountering network-related
problems, highlighting the critical role of stable
connectivity in facilitating seamless transactions.
Moreover, the chapter explores into the foiling
experienced by users due to the time-and privacy nature
of the payment process, shedding light on the need for
streamlined and efficient payment mechanisms.
Building upon the survey findings, the chapter
offers valuable insights into potential strategies and
solutions to address these challenges. By elucidating
practical approaches and technological innovations
aimed at enhancing Fintech systems' efficiency and
security, the chapter equips readers with actionable
knowledge to navigate the digital payment landscape
effectively. This study's findings add to academic
discussion and have practical implications for
policymakers, industry practitioners, and educators.
Keywords :
Banks, Cost, Efficiency, Digital Payment, Financial Technology.
