The Future of Payments and Settlements in India: The Role of Signal Processing

Battula Vijay Kiran, Addada Narasimha Rao, Kurada T S S Satyanarayana

Abstract: Indian payments and settlements system has grown rapidly with digital payments, but it faces challenges in fraud, security, scalability, and infrastructure. Signal processing offers opportunities to enhance efficiency and security, improve fraud detection, and optimize settlement operations. Integrating signal processing with emerging technologies can further transform the industry. However, data privacy, security, scalability, and infrastructure must be addressed. Measures like encryption, security measures, high-performance computing, reliable infrastructure, cloud computing, and edge computing can mitigate these challenges. The future of payments and settlements in India holds promise for secure and efficient transactions.

Keywords: Indian Financial System, Payment and Settlement systems, Signal Processing, Digital Payments, Fraud detection