The most crucial component of any nation's economic structure is its payment system. One method of making payments using digital means is called digital payment. Banks give their account holders cards, which are still the most popular way to make digital payments today. A lot of us make digital payments and transfer money using cards. As novel tools in the financial services sector, credit cards are provided by commercial banks. Transactions are made faster and safer with the shift from paper-based to electronic payment methods. Furthermore, tracking the movement is simple. Additionally, this strengthens the accountability for funds in an economy. Due to the high frequency of cash transactions, it might be difficult to track transactions, which can result in revenue loss from tax evasion.