Gen Z’s Digital Payments: Disruptive Or Useful For Online Shopping In Security Aspect

Abstract

The way that businesses operate has been significantly altered by the Internet. In many of its incarnations, e-commerce makes use of technology to connect users and facilitate transactions. The fact that e-commerce transactions are anticipated to increase in all retail establishments over the coming years provides another perspective on how e-commerce is altering the business landscape. The number and scope of security concerns have grown as e-commerce has expanded quickly. The security of online transactions and payments affects the security of our computers, mobile devices, and all other systems that users interact with. Because of this, it's critical to provide trustworthy security that accommodates user needs and guards against Internet security issues. E-commerce user systems in One World must therefore be safe and secure to use. Why is security so crucial to e-commerce? E-commerce, which is the buying and selling of products and services through the Internet, will be the obvious response. This is a business problem because the customer must provide both his and her identity and credit card information in order to purchase the matching product online. Therefore, it is crucial that electronic commerce protects the user now, including the products the user has ordered as well as their credit card information. Otherwise, a third party with access to them could cause the user to suffer financial, social, or other harm. That is why this essay will be organized as follows: the first section, whose purpose is to discover why security in e-commerce important, will come after the introduction. The second section will concentrate on e-commerce security challenges. Today generation has also evolved in doing the transactions online for all the minimum amounts, also buying the goods and services using m commerce or e commerce by doing UPI payments or the online payments.