Exploring the Role of Artificial Intelligence in Personalized Payment Recommendations

Authors

  • Kalyanasundharam Ramachandran

DOI:

https://doi.org/10.47941/ijf.1913

Keywords:

Artificial Intelligence, Personalized Payments, FinTech, Payment Systems, AI Personalization

Abstract

This white paper delves into the transformative potential of Artificial Intelligence (AI) in revolutionizing payment systems through personalized payment recommendations. It explores how AI technologies can be leveraged to analyze consumer behavior and customize payment options, thereby enhancing user engagement and security in digital transactions. Stakeholders, including financial institutions, e-commerce platforms, payment service providers, and technology developers, will find in-depth analysis and actionable insights on integrating AI to optimize payment experiences. This document outlines the benefits, challenges, and practical implementations of AI in payment systems, offering stakeholders a comprehensive guide to harnessing AI for improved consumer satisfaction and transaction efficiency. Through this exploration, stakeholders can anticipate gaining a clear understanding of how AI-driven personalization can be strategically implemented to drive business innovation and maintain competitive advantage in the rapidly evolving digital marketplace.

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Published

2024-05-20

How to Cite

Ramachandran, K. . (2024). Exploring the Role of Artificial Intelligence in Personalized Payment Recommendations. International Journal of Finance, 9(3), 23–31. https://doi.org/10.47941/ijf.1913

Issue

Vol. 9 No. 3 (2024)

Section

Articles

License

Copyright (c) 2024 Kalyanasundharam Ramachandran

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.