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

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

• obtaining user identification information, the user identification information identifying a user of a user device, the user device performing the electronic transaction;
• determining a plurality of user accounts of the user based on the user identification information;
• obtaining location information of the user device, the location information being determined by a global positioning satellite device included in the user device;
• obtaining at least one of sound information detected by a microphone of the user device or light information detected by a camera of the user device;
• determining a single merchant based on the location information of the user device and the at least one of the sound information or the light information;
• analyzing, by a processor, the plurality of user accounts and determining, based on the single merchant, a recommended user account from among the plurality of user accounts;
• and
• generating a notification to be displayed on the user device based on the recommended user account.

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

• obtaining user identification information, the user identification information identifying a user of a user device, the user device performing the electronic transaction;
• determining a plurality of user accounts of the user based on the user identification information;
• obtaining location information of the user device, the location information being determined by a global positioning satellite device included in the user device;
• obtaining at least one of sound information detected by a microphone of the user device or light information detected by a camera of the user device;
• determining a single merchant based on the location information of the user device and the at least one of the sound information or the light information;
• analyzing the plurality of user accounts and determining, based on the single merchant, a recommended user account from among the plurality of user accounts;
• and
• generating a notification to be displayed on the user device based on the recommended user account.