Methods for providing systematic intelligence for selecting mode of payment and devices thereof

A method for facilitating selection of a transaction mode, the method comprising:

• obtaining user identification information, the user identification information identifying a user of a user device, the user device performing an electronic transaction;
• determining a plurality of user accounts of the user based on the user identification information;
• obtaining location information of the user device;
• determining a merchant based on the location information of the user device;
• analyzing, with a processor, the plurality of user accounts;
• determining, with the processor and based on a result of the analyzing and the merchant, a recommended user account from among the plurality of user accounts;
• and
• generating a notification to be displayed on the user device, the notification configured to be used to complete the electronic transaction using the recommended user account.

A non-transitory computer-readable medium including a set of instructions for facilitating selection of a transaction mode that, when executed by a computer, causes the computer to perform operations comprising:

• obtaining user identification information, the user identification information identifying a user of a user device, the user device performing an electronic transaction;
• determining a plurality of user accounts of the user based on the user identification information;
• obtaining location information of the user device;
• determining a merchant based on the location information of the user device;
• analyzing the plurality of user accounts;
• determining, based on a result of the analyzing and the merchant, a recommended user account from among the plurality of user accounts;
• and
• generating a notification to be displayed on the user device, the notification configured to be used to complete the electronic transaction using the recommended user account.