MUMBAI, India, July 30 -- Intellectual Property India has published a patent application (202621070344 A) filed by Insha Mirza; Dr. Laxmi Singh Sengar; Dr. Suniyna Tiwari; Aayushi Sharma; Mrs. Hemlata Dhoke; Dr. Nimra Saleem; Dr. Akanksha Sharma; and Dr. Sayed Talha Sayeed on June 05, 2026, for Digital Payment Systems And Consumer Spending Behavior In Emerging Economies.
Inventors include Insha Mirza; Dr. Laxmi Singh Sengar; Dr. Suniyna Tiwari; Aayushi Sharma; Mrs. Hemlata Dhoke; Dr. Nimra Saleem; Dr. Akanksha Sharma; and Dr. Sayed Talha Sayeed.
The application for the patent was published on July 24, 2026, under issue no. 30/2026.
Abstract: A system and method for analyzing digital payment transactions and consumer spending behavior in emerging economies is disclosed. The system comprises a transaction data acquisition module configured to collect transaction information from multiple digital payment channels, a transaction normalization engine configured to standardize and organize transaction data, and a behavioral analytics engine configured to generate consumer spending profiles based on transaction characteristics. A contextual intelligence module incorporates external variables including economic indicators, demographic information, seasonal factors, and regional conditions to enhance analytical accuracy. A predictive modeling engine forecasts future spending behavior using historical transaction data and contextual inputs, while an adaptive recommendation engine generates personalized financial insights, budgeting guidance, promotional opportunities, and financial inclusion indicators. The system further provides reporting and visualization capabilities for consumers, merchants, financial institutions, and payment service providers, thereby improving decision-making, customer engagement, financial accessibility, and operational efficiency within digital payment ecosystems.
Disclaimer: Curated by HT Syndication.
