Author(s)
AAYUSHI BOHRA
- Manuscript ID: 120926
- Volume 2, Issue 6, Jun 2026
- Pages: 2213–2246
Subject Area: Business and Management
Abstract
The rapid expansion of digital banking and payment systems in India has significantly transformed financial transactions, enhancing convenience, speed, and accessibility. However, this digital evolution has also increased exposure to financial fraud, making fraud detection and prevention a critical concern for financial institutions and regulators. This study, titled “An Analytical Study of Fraud Trends in Banking and Payment Systems,” aims to examine the patterns and trends of fraud in relation to the growth of digital transactions.
The research is based on secondary data collected from reliable sources such as the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), covering a period from 2014–15 to 2023–24. Various analytical tools, including trend analysis, year-on-year growth analysis, comparative analysis, and forecasting techniques, have been employed to evaluate changes in fraud cases, fraud amounts, and digital transaction volumes.
The findings reveal a substantial increase in digital transactions over the study period, reflecting widespread adoption of digital payment platforms such as UPI, mobile banking, and internet banking. At the same time, fraud trends exhibit fluctuations and evolving patterns, indicating the dynamic nature of financial fraud in a technology-driven environment.