TL;DR
It is concluded that AI can play a vital role in the future of India's digital payment ecosystem, provided its implementation is supported by effective governance, responsible AI practices, and a strong regulatory framework.
It is concluded that AI can play a vital role in the future of India's digital payment ecosystem, provided its implementation is supported by effective governance, responsible AI practices, and a strong regulatory framework.
The findings show that AI-based fraud prevention significantly reduces transaction risks and payment failures, thereby strengthening consumer trust and contributing to faster processing times and smoother transaction experiences, leading to improved purchase efficiency.
The study concludes that the effective integration of AI and digital assets can substantially strengthen public administration and good governance in Nigeria, and recommends increased investment in digital infrastructure, capacity building, cybersecurity, regulatory reform, and institutional modernization.
The study concludes that Nigeria can maximize the benefits of AI by strengthening legal and institutional frameworks, investing in digital infrastructure and human capital, promoting ethical AI practices, and fostering collaboration among government, academia, and the private sector to achieve sustainable national deve...
It is argued that AI should be viewed as a supportive tool that enhances human administrative capabilities rather than replacing human decision-making to ensure that AI contributes to transparent, efficient, and inclusive governance.
A comprehensive, risk-calibrated legal framework, incorporating algorithmic transparency obligations, strengthened data protection, clear liability rules and ethical governance principles, is essential to reconcile technological innovation with the protection of consumer rights and constitutional privacy guarantees in...
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