A payments bank is like any other bank, but in service on a minor level without involving any credit risk. Simply, it can perform mainly banking operations but can’t advance loans or issue credit cards. The primary aim of payments bank is to enlarge the extend of imbursement and financial services to firm, low-income households, migrant labor force in protected technology-driven atmosphere. But in payment banks services there are some security issues namely Sophisticated Malware, Poor Patching, Application/Middleware Vulnerabilities and Service Providers. Normally people are utilizing electronic services for saving their time, difficulties, efforts and cost cutting. Due to technological progress it’s possible without any delay. But whenever people try to use those services, they deeply exploited by different ways security issues. In this study for analysis purpose, primary data and secondary data has been used. For collecting primary data, questionnaire have been prepared by Google form in structured manner and collected from 146 respondents. And secondary data have been collected from various books, magazines, journals, websites and reports. In this research Likert scale analysis, Chi – square and ANOVA. Payment bank should pay attention on security for transactions in payment banks. Then only thee rural population will use payment banks confidently and also they will feel the services of payments are reliable one and accept it as essential one.

___________________________________________________________________________________

Keywords: Payments Bank, ANOVA, Chi – Square, Likert Scale, Primary Data.