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The Alleyway to Digital Payments: Navigating Challenges and Obstacles Using Deep Learning

The Alleyway to Digital Payments: Navigating Challenges and Obstacles Using Deep Learning
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Author(s): G. R. Gayathiri (SASTRA University, India)and G. Revathy (SASTRA University, India)
Copyright: 2026
Pages: 22
Source title: Promoting Inclusivity and Accessibility With FinTech
Source Author(s)/Editor(s): Masairol Masri (Universiti Brunei Darussalam, Brunei), Muhammad Azmi Sait (Universiti Brunei Darussalam, Brunei)and Muhammad Anshari (Universiti Brunei Darussalam, Brunei)
DOI: 10.4018/979-8-3373-1112-8.ch008

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Abstract

Payment systems are going digital, and this is changing the financial landscape with better efficiency, security, and user experience. The need for updated payment systems has increased as businesses and customers increasingly use digital channels for transactions. Nonetheless, there are a number of difficulties and barriers associated with this shift that prevent easy adoption. This paper examines the main obstacles to the digital transformation of payment systems, such as the constraints of legacy infrastructures, the need to comply with regulations, cybersecurity issues, and consumer acclimatization to new technology. The study also looks at the challenges of maintaining interoperability across various payment platforms and the quick speed at which technology is developing, both of which necessitate constant innovation and adaptation.

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