Intellectual Property India Publishes Patent Application for 'Digital Payment Ecosystems And The Future Of Cashless Economies' Filed by Darshak Girish Doshi; Dr. Gargi Trivedi; Dr. Pinal Barot; Dr. Pooja Sharma; Mayank Bajpai; Prof. Rajashri Karbhari Gethe; Gourav Kamboj; Prof. Dr. Indrarao Shaligram Ahirrao; Dr. Yogita Bhapkar; and Dr. Mirza Samiulla Beg

MUMBAI, India, Jan. 23 -- Intellectual Property India has published a patent application (202521103091 A) filed by Darshak Girish Doshi; Dr. Gargi Trivedi; Dr. Pinal Barot; Dr. Pooja Sharma; Mayank Bajpai; Prof. Rajashri Karbhari Gethe; Gourav Kamboj; Prof. Dr. Indrarao Shaligram Ahirrao; Dr. Yogita Bhapkar; and Dr. Mirza Samiulla Beg, Maharashtra, on Oct. 26, 2025, for 'digital payment ecosystems and the future of cashless economies.'

Inventor(s) include Darshak Girish Doshi; Dr. Gargi Trivedi; Dr. Pinal Barot; Dr. Pooja Sharma; Mayank Bajpai; Prof. Rajashri Karbhari Gethe; Gourav Kamboj; Prof. Dr. Indrarao Shaligram Ahirrao; Dr. Yogita Bhapkar; and Dr. Mirza Samiulla Beg.

The application for the patent was published on Jan. 23, under issue no. 04/2026.

According to the abstract released by the Intellectual Property India: "The present invention relates to a digital payment ecosystem which allows seamless, secure and scalable cashless transactions on a variety of platforms. With its ability to accept a wide range of payment technologies including the traditional credit/debit card, digital wallets, and cryptocurrencies, the system offers a well-integrated solution, allowing it to work in a number of different ways that users are comfortable paying for their transactions. At its core, the ecosystem relies on decentralized ledger technology like blockchain to enable secure and transparent verification of transactions without requiring intermediaries and at a lower cost than transactions. And, the system also uses the AI based fraud detection algorithms which monitors the transactions in real-time to ensure the safety of the users by detecting and preventing fraudulent transactions. This all-in-one approach not only makes transactions far faster and reduces fees, but also covers the gaps in the current payment solutions.This invention is a more efficient, secure and scalable solution that will unlock the countries to adopt cashless economies with ease, and transform the future of digital payments."

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