Overview the issues and challenges of Electronic Payment System for secure Online Payment

Addressing the Challenges and Opportunities of Electronic Payment Systems

Abstract

An overview of issues for e - payments, including theft since it is among the most importantconcerns to e-payments and also is inflicting enormous losses, is offered in this article. Now a day‘sworld shifted to digital world. India seeks to step towards e-payment system. E- Payment system is apayment mechanism through an electronic network. In other words e-payment is a way in which aperson can make Online Payments for his purchase of goods services without physical transfer ofcash cheques, irrespective of place and time. Today India is at a phase of demonetization therefore inthe present scenario this study is unavoidable to makes electronic payments at any time through theinternet directly to control the e-business environment. This study aims to highlight the shortcomings limitations of e - payments give some ideas to improve the e-payment system. E-payment system notonly presents additional chances but numerous hazards also.