A Study of Threat Model on Mobile Wallet Based Payment System
6 Pages Posted: 8 Apr 2019
Date Written: 2018
Abstract
'Digital wallets', gained a lot of popularity in recent times in India and around the globe. A digital wallet refers to a platform based on electronic device or online service that allows an individual to make electronic transactions. It is a transformed way to pay for things. It is basically paperless payment method which reduces all the hassle of carrying cash with you everywhere. Many digital wallet services have their own mobile apps. Post demonetization in India, the popularity of digital wallet gains exponentially. There are many digital wallets which are currently active in India like Paytm, Freecharge, Jio Money, Airtel Money etc. The aim of this paper is to explore, in detail, about different digital wallets which are very much in use in India and what are their policies and what all measures they take regarding the security of the user data.
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