Are digital payments secure enough for the Indian economy to go cashless?

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Fazizzunnisa Begum said: (Nov 20, 2017)  

But most of the times it would be secured there should be aware of how to do online payments from rural as well as urban the most of Indians are don't know how to handle their bank accounts they don't what are the charges are be involved in it how to use it etc.

For the last term, I want to end up with the banker should be cool in f while there are depositing of the cash transaction.

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Pushap said: (Nov 20, 2017)  
The digital payments are secure enough if you are aware and cautious at the time when you are making payment. Everyone's account is linked to mobile no. And you get an OTP every time you make a transaction and also the transaction pages are encrypted so by no means they are not secure but the thing is that only a person who knows you can betray you or the false callers saying they are calling from a bank. I've read some comments saying that people are illiterate etc. If they can use youtube etc. They can make payments also it's not a hard science just once you have to learn procedure to make payment and some word meanings while making the transactions.

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Ali said: (Nov 20, 2017)  
Hey guys,

Digital payments means transaction for money online means you can send money with internet. And definitely it is good idea to cashless. You don't have to stand in long queue which is you know time consuming and annoyed. And it is very easy to go cashless and you can send money within a minute.

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Aditya Joshi said: (Nov 20, 2017)  
According to me, digital payments are much convenient than the traditional method.

It completely reduces the human efforts.

As of now, it's not that usual across all the areas of India.

But if we just follow some of the surveys about the number of people using internet and smartphones, it definitely states that the days are not so far when everyone will start using the digital platform for transactions.

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Subham said: (Nov 20, 2017)  
Hi everyone.

In my point of view, digital payment is good for Indian economy but not sent percent. Nowadays, in rural area, people don't know how to use gadgets, the system that government has taken these are the dream for those people. Before apply government should know about these things. Otherwise, this is very good for all the people except rural area people.

I conclude that government should apply for 60-70% digital payment.

Thank you.

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Mohit said: (Nov 19, 2017)  
Digital payments according to me are more secure as compare to that of paying the payments offline but as we all know that the people of India are literate rather than educated so if the government is planning to shift these offline payments to digital payments fully so they have to create some awareness programmes so that the people those are not aware or have some fear to lose their money, will able to shift themselves from offline to digital one. Offline payments are much time consuming and in place of it the digital payment is the option that is time-saving and secure enough to pay. As we all know most of the developed countries like USA, RUSSIA are following the digital payments and are the examples of the secure payments so if we want to be the developer from the developing one than this change can also be the reason for us.

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Veerendra said: (Nov 19, 2017)  
In my opinion, Digital payment is not secure enough to go cashless at present but it might be in near future.

It is not secure at present because there are various issues that need to be addressed like cyber security and awareness of digital payment among villagers. At present in villages, most of the people transact by cash and without them, we can't think of a cashless economy. We need to educate them about technology and digitization. But at the same, we could we secure enough in near future as the government is promoting cashless economy and recently launched BHIM and UPI for a quick transaction. We have witnessed that cashless transactions have increased after demonetization.

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Bunty said: (Nov 19, 2017)  
A few pointers missing above in support of cashless economy are;

1) Cost of printing the currency (Raw material, machines, human resources)
2) Transportation of the currency (logistic cost)
3) Downtime of the ATM for uploading currency (Cant ignore human efforts in this)
4) Installing ATM's and their maintenance cost (Capital cost and variable cost)
5) Limited currency types in ATM's (Issue with the change)

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Kunjal said: (Nov 19, 2017)  
The present era is about digitization. It gives a boost to newer and easier ways to perform our tasks. As far as India is concerned, this is definitely the right time to shift towards cashless transactions to be on par with the technological advancements seen in other countries. Security has been raised as an issue but this is not limited to a single country. All countries face the challenge of cyber threats. New ways are continuously being developed to address the issue. Also, extra care has been taken to India to make digital payments secure. There is an authentication procedure to transact digitally. National Payments Corporation of India is also assigned with the role to regularly monitor the integrity of digital payments. So, yes, digital payments are definitely secure enough for India to head towards cashless transactions. The ease of hassle-free transactions provided by digital modes is really unparalleled.

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Gagan said: (Nov 18, 2017)  
From my aspect, there is so many advantages go go cashless. But I know in our country literacy rate is being so high and poverty rate to that's why many of Indian citizen can't effort the gadgets or they can't be understand how this can we word.

But the case of demonetization, intention should be good but infrastructure not good. Digital payment is good because you may easily transfer the money at instant or very secure medium for payment. But this was all happened when our people will debate about how this digital payment beneficiary about us. Through digital payment India will improve gdp rate and reduce illegal gratification.

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Vidya M A said: (Nov 18, 2017)  
Hello everyone,

I according to me if we want to make any economic development there will be pros and cons. I would like to say pros first if Indian economy go with cashless it is good step towards Indian economy growth. If Indian government take this step there is no necessary to do demonetization. In the beginning there may occur some problems it when time goes on it will be adopted. By doing these government can easily track black money and robbery, snatching can be reduced.

In other hand there are some cons also this may be problematic in rural areas according to me but it is not much problematic and some security issues like hacking may occur for that some other precautions should be taken care by government.

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Jacky said: (Nov 18, 2017)  
Hello friends.

I am talking about the topic of digital payment secure enough for Indian economy.

Caseless economy would be beneficial and secure for the people. Because if people will use online transaction so we learn many more of digitalized we learn online transactions then it saves many time.

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Raven Jha said: (Nov 17, 2017)  
100% digitalization is very good decision if it is taken by government, but It is not possible in our Indian society. Because still in India we can see many people doesn't even know how to use gadgets and how work on gadgets. People are still not properly developed they need more knowledge about how to use it and for gain knowledge about gadgets. Government should start any campaign for that and aware people.

Digitalization good for us because it will help to reduce corruption and government will get help from this. No body will fraud money by selling things without bill. But for 100% digitalization now a days we cannot afford because in villages people still doesn't know about all that thing at all.

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Meenu Rabecca said: (Nov 16, 2017)  
The so called 'developing' India will soon be 'well developed' in each and every sector irrespective of region, economy, administration, education and so on if the government Introduce and implement new policies like complete digitalisation. It's a fact that the people especially ruralites will face genuine problems for the first few months like lack of knowledge of operating online payments, lack of gadgets, treat from hackers etc. But these problems can easily be removed by the authorities through awareness programs, distribution of electronic equipments, strengthening of technological sector etc.

Compared to the disadvantages, the programme has more advantages. The method is easy, quick, transparent, and not at all time consuming. There is no need to stand in long queues. We can have record of our transactions. In fact, the rate robbery can be reduced and will be an obstacle for corruption leading the country to more clean in every aspects. IT sector is the one field which is going to gain more benefits from this as employment opportunities will rise into huge number.

More employment opportunities will be created as govt needs more departments and professionals for giving awareness to illiterates regarding the process of online transactions. 24/7 availability of online deposits and transactions are the another feature of this programme. Trade and commerce will gain more profit leading to a revolution in the sector. The rural people will get to know about this modern techniques and this will make a complete transformation in these areas and literacy rate will go up though it takes little time. This 'transparent' system also helps us to track our transactions and queries can be made if there occur any delay or other difficulties.

So, the policy of introducing a cashless India is really a feather to the cap of govt as the country will be more developed in every spheres and will definitely a boon to the future citizens of the country.

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Vishal Kumar said: (Nov 16, 2017)  
Good morning to all of you As according to me digital payment is secure but it is not secure enough first if you have to give huge amount to any company or people it is secure and if you have to take or bring money from the person who live in city then if you bring or take cash then it is risky or chance of robbery in these way digital payment is secure but in our country many people are iletrate and also have not afford gadgets for online payment then in these way it is not secure because if we don't know how to use any thing then how can we use it on large scale and also a problem of cyber crime or network is there so I think first change the mind of people then do it because it is a great way in the field of technology and also it is a chance to make our country educated and developed.

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Syed Amjad said: (Nov 16, 2017)  
I think the idea of go cashless and digital payment are good but it only useful for that kind of people who can afford the gadgets and who they are educated and aware of using but about poor or illiterate people who they can't afford gadgets to use digital banking so first of all government should educate the people through sum awareness campaign and also teach them for how to aware with hackers and also distribute sum gadgets to poor people.

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Rahul said: (Nov 16, 2017)  
Digital payment is now is on of the major problem for the uneducated people. Because they don't know how to operate the devices like ATM and online transaction they only know about case transaction system which is running 10000 year.

The point is that people first people should aware of this digital payment system then cashless will improve our economy. If they don't know the the process how India become the cashless India. And before demonetization India economy is increasing now somehow it's decrease. Due to demonetization and GST which impact our economy.

And if India become totally cashless then the unemployment will increase because if all are done online somewhere the person who does the transaction of cash. He will somehow get affected.

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Prasad said: (Nov 16, 2017)  
Yes, we have secure enough secure for the Indian economy to go cashless. One of the major initiations recently taken up by Indian govt is cash less economy. After demonetization there was no cash in the circulation at that time we have done all the transaction through online by that these are all genuine transaction there is chance to make black money.

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Meenu Rabecca. said: (Nov 15, 2017)  
100% digitalization is not applicable in the present Indian economy as a huge portion of India is illiterate, lacking knowledge regarding the use of online payments and atms. And the poor section of Indian can't buy gadgets and recharge internet as they have to find money for their day today survival.

Thirdly, the technological problems is also cardinal factor. The professional hackers can easily hack the private information's which is like peeping in to others private space. Again, technical experts can steal money very easily. This is not applicable till the technology is 100 % developed.

Finally, the system can't be implemented all over India, as there are some ares where we can make transactions only through solid money eg. Beggers, worship places, street sellers etc. So, the digitalisation of economy will be a success, if necessary steps are taken.

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Suroj Bera said: (Nov 15, 2017)  
Hi all, Online transaction is a very good system to grow the economy of India. To make a 100 rupees note there is some expenses. But if we pay or receive money online, the expenses will be less and the growth of India will gradually be increased.

Thank you.

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Aish said: (Nov 15, 2017)  

Before coming to the point whether these cashless economy and digital payments.

One second thing about the depositing the amount into respective customers accounts in the bank.

If you have sufficient balance only you can make or transfer the amount, for depositing the amount only takes more time. So banks need to be provide facility for depositing amount.

Starting stage from here only need to improve then digital payments and cashless economy will work out in our country.


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Ritesh Jaiswal said: (Nov 15, 2017)  
Well I read most of views and each comment one sentence Is mention that in our country many of people is illiterate. But you have to think there are many people who literate. Every coin there is two side so in my opinion this is a good way to make India digital. Not 100%will be succeed but if we reach atleast 70% in 2 year then it make a big change. Nd one more thing I think it is secure if we alert then you never get hacked. So be smart and make the world smart.

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Srinivas said: (Nov 15, 2017)  

India is well growing country among more countries in the world. India is basically depending on the economy, that can bring cashless transactions. The cashless payments bring the country towards the development of Indian economy but some illegal activities by the hackers gone wrong to the normal peoples. The main victims are only civilians that are using cashless transactions. Every enemy country had to know how to discrete the country economy so that's why they developing hackers. So the cashless transactions bring county growth but some remedies to be taken by government.

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Abhishek said: (Nov 15, 2017)  
Right now, Yes or No depends upon the person who is using as India's literacy rate is not 100% but the way it (literacy rate) is increasing in the past decade indeed it will be the smartest and securest way of payment in future. As it saves time, money and most importantly growth economy of our country.

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Usha Binwal said: (Nov 14, 2017)  
Hello everybody! everyone have their different opinions towards this cashless economy, like it's safe or not, how illiterate people deal with this cashless criteria, etc. But before saying all these things first of all we have to focus on the economic conditions of the poorer of our country, in India there are so many peoples live who don't even have enough food to feed them or their family so, how can they afford such expensive gadgets for every member of their family to do online payments, in my opinion this is the biggest issue against the cashless economy.

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Vimal said: (Nov 14, 2017)  
According to me the digital payments are good one. It will increase the economic range of the India in guge manner. And this system reduced the black money on society, its result the poor of Indian people to be overcome. And this system definitely increases the Indian economy.

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Ashwathi said: (Nov 14, 2017)  
According to me, digital payment is not secure enough for the Indian economy to go cashless. Cyber frauds targeting e-payments have been on the rise. Most online frauds happens as people share their password, ATM pins, 3D secure pins and there is a need to educate them about it. First government should conduct a literacy campaign on digital payment to educate people and keep them secure.

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Gaurav said: (Nov 12, 2017)  
Hello everyone!

According to digital payments are secure enough for the Indian economy; but for that users should take due care of the security their own account as we take care of our cash; because we should not completely rely upon the system always. Now a days systems like OTP, Facility to change the password, biometric scanning, etc have made the online transaction system more secure.

Now a days banks also take help of the " ethical Hackers" to deal with "unethical Hackers" So I thinks online payment system is secure in India.

Thank you.

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Rohit Agrawal said: (Nov 12, 2017)  

As we talk about cashless economy it would be beneficial and secure for people because if people will use online transaction they will learn more about things and tend to be digitalized. It saves time because example if we are going to withdraw money from bank we have to go there and do it if we are having online banking we can do it in few minute and save time.

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Swati said: (Nov 12, 2017)  
According to my point of view India is still a developing country and also the literacy rate is not 100, So it is quite risky to go cashless because there are so many people who don't know even how to use Atm and do online transactions. Yes I also agree the decision is great by the government but at first gov. Should focus on the development of individual. They only India can be developed.

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Aishwarya said: (Nov 12, 2017)  
Hi everyone, I think our PM has taken the good step towards digitalization of India. The complete change will not going to happen immediately it will take some time. But it is a good start. However there are so many people from the rural region who are still illiterate and are not be aware of the use of internet facility and consequently about the use of ATM. If government wants to force this programme in India firstly they should arrange the awareness programme. They should make sure that whether everyone is able to do cashless payments or not. To be concerned about the security I think it is not that much secure it may be hackable.

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Faizan said: (Nov 12, 2017)  
Hello everyone, I totally agreed with the government taking steps to implement digital payment in our country as our honorable prime minister has once said that for a long term gain one has to bear some short term pain therefore it is true that it is not secure and most of the people in our country is not aware about digital economy but some step must has to be taken to enhance digital India and also awareness must be spread about these things in rural areas like organizing a training campaign to spread information about use of debit card credit card etc.

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Sagar Gupta said: (Nov 12, 2017)  
According to me to become cashless is very good idea but it can't be applicable whole over the India because we all know that there are many people who are still not educate as well as there are huge part of the population who didn't knowledge about who to use the ATMs or do the online transaction.

The conclusion is that if the government want this they must ensure that each & every person of our country well known about those advantages which is more over the disadvantages.

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Vishal Lavania said: (Nov 12, 2017)  
No at present digital payments are not enough secure for Indian economy. Most of the people in India don't know how to operate digital payments, and most of them also don't have internet connection. Other problem related to it is hacking. Privacy of I'd and password is not secure enough. Digital payments can be implemented in India but after proper education campaign in rural areas and by giving assurance to people's that their privacy is secure enough. That's it.

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Nikhil Chaudhary said: (Nov 11, 2017)  
From my point of view I say that the digital payment are very much secure in our country. If you use proper instructions to make payment to any person then one can able to do fraud with you.

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Mayur said: (Nov 11, 2017)  
I am against cashless economy. Because I don't find its useful for grassroot level people. I just want give reasons which really support my thought against cashless economy.

1. Our literacy rate is not sufficient to go for 100 % cashless economy.

2. Concerns with security Because it may be hackable.

3. Developed countries also tried for go cashless. But they also fail in that.

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Darshna said: (Nov 11, 2017)  
Hello everyone.

I think this decision of government is nice as it is now safer and easy to make payments due to online transactions, it increases transparency, as we can now track transactions and it is fast as well but this might not work fully in our country now due to lack of effective technology, resources, awareness and illiterate people in the rural areas. So for the proper implementation of the cashless economy, the government have to work in these areas.

Thank you.

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Ram Singh said: (Nov 11, 2017)  
I think digital payment secure if you carefully used. Its provides all the facility to use any where at anytime. But security depends upon you how do you use this during the payments. The very good advantage you use anywhere at any time.

So it is very useful for cashless payment.

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Simran Agarwal said: (Nov 11, 2017)  
I think that the way to cashless is very good and secure too in a way to cash, cash can be easily stolen, the transaction are safe and if any kind of problem arises you have the service centre and if you think your account is hack you can complain in your bank. The way of cashless for indians is good for even reducing corruption and black money transfers I do agree with the ones who say that it is not good for uneducated people in rural areas but for them the oy help can be provided to make them understand how to use atm card because it is really good to go cashless in market and do upi transaction and use of paytm we can avail a special discount on the transfer too. And the bill payment through this app are really to helping, no need to go anywhere in a long to pay your electricity bill.

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Aashish said: (Nov 11, 2017)  
I think digital payments are secure enough if you take care of your account like changing your internet banking passwords and UPI pin and also your transaction passwords. I used to do all payments online with no fear because I change all passwords and atm pin. I will handover to my friends thereby.

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Moana said: (Nov 10, 2017)  
At this point I would say that India is partly ready to go cashless as it covers mostly the rural areas and illiteracy is the most prevalent factor. Hence it is much more important to educate the ruralites now itself than to immediately launch the practice of cashless economy.

Whereby that education must be fully of making understand and setting ready the people for the economy tomorrow.

Which goes by the saying "Necessity is the mother of invention. ".

Thank you.

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Deepesh said: (Nov 10, 2017)  
I don't think the digital payments applications are secured enough. The UPI based payment applications on your phone ask for your Phone code and the UPI pin that you have set for your account. These codes can be very vulnerable and easily your account can be hacked.

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Deepesh said: (Nov 10, 2017)  
Security is the biggest issue now a days in the digital world with any application requesting you to allow the access for your private data. And even if the privacy can be protected from the digital payments application it is long way to go for them to make Indian economy cashless as we will need to educate the population about the secure gateways for payments.

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Sasikumar said: (Nov 9, 2017)  
Hi in my point of view the cashless transactions are not suitable for India in this current situation, but that's a good action taken by our government, we all have the responsibility to implement this cashless way, but before that the education system must be standardized one in our country because till some uneducated peoples from rural areas doesn't know about how to use ATMs, so we must give the proper training for that.

So I conclude that the digital payments are very good one but that's not a correct time.

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Kamala said: (Nov 9, 2017)  
According to Qualcomm an American chipset maker the digital payment systems used in India are not working on a safe hardware system. So there is still time before India goes completely cashless as Qualcomm is planning to integrate with Indian companies in order to provide safer digital payment systems.

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Teena Malik said: (Nov 9, 2017)  
I support cashless economy and also I against cashless economy.

I support cashless economy because it is very helpful for save the time and money because in the companies online transactions is very impotent for the business and also it is very impotent for the banking system and government policy.

I against cashless economy because for the Indian people cashless economy is not possible. Because all the Indian people does not know how to use online transaction. They do not know how to use credit and debit cards. So for the Indian people cashless economy is not good.

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Megha said: (Nov 9, 2017)  
Considering the current situation in the country, it could not be a vulnerable situation for the digital payments. Rather than, it's a responsibility of the Indian government to provide and protect the digital payments. Government has to undergo to make the Indian economy enough strong with the digital payments so that people can have the assurety. As it is initial stage, need to be provide some benefits for these kind of payments.

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Raghav said: (Nov 8, 2017)  
Well if you ask me it has more advantage than disadvantage first it will improve Indian economy and obviously lower caste will be benefited from it the most. Black money will be reduced.

Yes there is a danger for hackers and all that.

But we have police for that.

Discard the use of digital money just because of hackers is like you are not allowing women to go out of your home because there are stalkers outside waiting for them.

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Mukul Maheshwari said: (Nov 7, 2017)  
Mode of digital payments have been enabled in India with a perspective to curb against the black money, to reduce corruption, to stop black marketing, to enable effective tax regimes but that doesn't actually works just because in India people's know how to exploit the opportunity they always find the loopholes against every government actions. Moreover the action they initiated they are not able to make it in process in effective manner due to lack of management and effective technology. No doubt it's been an effective move by the government but the results are in a long queue to come in actions.

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Sanket said: (Nov 7, 2017)  
What I think is we are here to discuss are digital payment secure enough not about digital payments pros or cons. So, coming back to the topic I think the technology we have today for security is still not good enough to cashless as we see everyday fraudulent cases and the measures taken to stop them are still not enough catch them. There are some digital payments which are safe like one of SBI but still with such less no of digital payments secured we cannot implement it for whole Indian economy.

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Sunil Kumar Sahu said: (Nov 7, 2017)  
Hi from my point of view digital payments secure for the Indian economy to go cashless there's so many advantages of online transaction because due to online transaction our government can access every single transaction detail of individual that's why there is no fear for black money instead of that there is some disadvantages if we go cashless then we vulnerable to Cyber world hackers can get a lot of money from any account of individual or from any institution but it is quite impossible to get directly from Bank or any other financial institution one of our friend tell that our country did not spent a lot of money for decrease the cyber crime as compared to other country.

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Hoang said: (Nov 7, 2017)  
Digital payments has a lot of advantages such as:

It will make trading activities easier.

It will make the world safer.

Such the bad behavior like corruption will be less chances to occur.

Just worry that it relies too much on the internet connection and what will be when the connection was down.

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Bittu said: (Nov 7, 2017)  

Every coin has two faces Similarly this decision of being cashless economy has two faces advantages and disadvantage. But most important thing is, Is this decision has more advantages than disadvantages? because anything in this can't be ideal.

And if we consider it carefully it has more advantages than disadvantages. You have a track of each and every transaction. Totally secure transactions. Corruption in the country will come to an end. Require less space than before in pockets.

Those who got mugged by fake calls, only because of their stupidity. No bank or organization want your personal information on the phone.

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Souvik said: (Nov 7, 2017)  
Hello Everyone. !

Just to add some views with regards to the security of payments for Indian economy to go cashless, it is most important to keep the aspects of digital rather cyber threats in mind. The hacking community is always there for the so called cyber threats considering the potential points like URL manipulation to hacking of passwords. But unfortunately all these are considered for the privilege class who are interested in viewing a smarter India. However, there also remains a class of people who don't even posses a mobile to indulge themselves e-payments and being exposed to the digital world.

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R. Maurya said: (Nov 7, 2017)  
Hello friends,

According to me the digital payment is not so much secure for the Indian economy to go cashless, Because a lots of people of our country are illiterate and more others are not well known all about it. Besides these a lots of difficulties also have to suffer such as hacking, false identity, internet problem and many more.

As I think, we can't get a best solution of a problem while we start to do it.

So after starting it, we will definitely get a better solution to fight with these problems, and after that it will definitely will be secure enough for Indian economy.

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Hardik Sharma said: (Nov 7, 2017)  
We can't simply ban anything we have to give an alternative for that instead of opinions. If we are talking about betterment as we are discussing about being cashless we have to think about others too (including beggars, rag-pickers etc. ) you aren't gonna pay them using e-accounts. Remembering that either provides better jobs to them so that they can afford a phone and can use it. Else find another alternative.

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Anand Prasad Ram said: (Nov 6, 2017)  
As India is going into a digital world digital payments becomes an important part of it. Regarding the point to go cashless, the more we learn the better the Indian economy future will be. It is also necessary that each and everyone should use digital payment system to exit corruption.

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Mohammed Muqtadir said: (Nov 6, 2017)  
May I say sir, thank you. In my view it is very good step that has been taken by Indian government as of now the people were getting exhausted from standing in line for the sake of deposit or withdrawal operation so it is good act taken for the people sake to relieve.

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Vanshika Gupta said: (Nov 6, 2017)  

Digital Payments have done our work more easy, secure as well as fast as compared to previous times. When we have to stand in banks long queue for transferring money by cheque or draft.

But I don't want to ignore the point that now also there are many villages and backward regions where percentage of literacy is very high and even they can not earn enough to complete there basics needs i.e. food, clothes, and house. Bringing awareness of digital payments in these such regions will take long time until proper support and services are not provided for them from the government.

Going cashless is the biggest barrier for corruption in India. Government can easily get track the purchasing budget of the customer. Digital payments are secure enough for the Indian economy to go cashless because it will be action against corruption but implementing it in rural areas will take lot time for bringing awareness of this to them.

Thank you.

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Anuj said: (Nov 6, 2017)  
Basically what I believe is that digital payments are simple and safe enough and I don't believe in a cash less economy, both assist each other though there is much training required regarding digital payments and its use for our rural peoples and few securities issue which will seem to be small once the person is informed and aware.

I guess having 5000 bucks in ATM card in one side of my jeans pocket is safer that carrying the same amount in other pocket. :).

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Rohit said: (Nov 6, 2017)  
Hello, everyone, are digital payment secure enough for the Indian economy to go cashless. No, because as we all know we need good internet connection for the digital transaction. And due to low connection may transaction process stop in middle of transaction. And the money was debited in your account and there is no payment shows.

As due to digital payment system there were decreased in corruption and black money.

Example, if you order online a product of rs. 499 and you paid 500 in COD. The amount of Rs 1 not shows any one and if you see all over India crore of Rs. Collected with this which not shows any transactions.

So, the digital payment need to more secure and awareness related to that should be there.

Thank you.

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Irish said: (Nov 6, 2017)  
I don't agree that digital payments are secure enough in India as many people doesn't know how to use cashless system ATM cards or Netbanking. They fall prey to hackers easily because they give away their private numbers etc to the hackers unknowingly that these numbers should not be given to them. Last months I have got a call from a stranger saying that "your ATM cards has been blocked and to renew it you should give the ATM number and CVV number". This is how some people manipulate others to give their private details. Those who don't know about it will fall for it and will give their private details. So people should be educated well while telling them to go cashless.

Moreover in India we don't invest in security system as other country does. Such as Panama paper has been hacked and got leaked despite having high security. So I don't think Indian cashless system is secure.

Rate this: +4 -0

Tanmoy Saha said: (Nov 6, 2017)  
In my point of view digital payments are secure & faster for Indian economy. Here have some points for that I think its beneficial for us-.

1. First & prime thing is that, whole transaction will be traceable which would be help to do for better policy for us.

2. Economy growth will be increased, because.

Usually when we get payment from someone by cash and after that if that money sit back at home then it can't grow. In a same situation if we take that money in our bank, it will increase our money even it is for some time also.

There have many kinds beneficial thing which we can get from this digital economy not by 'NOTE' economy.

And the other side's of it, if we talk about infrastructure. Then, everything has a first step after that stage by stage usually it grow.

Rate this: +2 -0

Gautam said: (Nov 5, 2017)  
According to the current scenario digital payment is quiet secure in respect to go cashless but not so enough to boast the economy to apex. Since after demonetization multiple banks have launch they application to enhance the digital payment which means they have a secure path, easy and reliable for transaction to go so Indian economy need a support from IT industry to make digital payment more secure and robust.

Rate this: +1 -0

Pratik Mohanty said: (Nov 5, 2017)  
In my opinion digital payments are the right thing for India's cashless economy. Because we can do digital payments as per our convenience. We no longer have to stand in the queue for payments. And in India most of the people use Internet. So they can easily do digital payments. And there are many applications available through which we can do payments and also receive some cash backs.

But there will b some difficulties for rural people as some of them don't know how to do this. But as per the passage of time they will also learn this advanced system. In order to make our India a fully digitalized country we all people should encourage this step.

Rate this: +0 -0

Mukesh Sharma said: (Nov 5, 2017)  
According to my opinion cashless payment are secure and faster enough to save our time. It helps the govt to keep track of the payment easily and also helps to remove the corruption or black money. We don't have to pay anything extra to anyone for e.g. there are mostly things sell on a price of Rs 99, Ra 999 etc so in this case we pay 1000 and we did not asked him for 1 back. But by going digital we can pay exact. If 1 lakh person donate 1 per day then it will cost 1 lakh for the company and it will be a huge amount. We can partially say that in some areas it is not implemented as most of rural peoples are not so much educated. In India still electricity, school are big issue so how could we think about internet at that place.

Rate this: +4 -0

Umesh said: (Nov 5, 2017)  
I am not agree for digital payment secure. Because in our country more peoples are not using ATM or any payment card only for insecurity this digital payment benefits only well educated peoples but not conman peoples.

Rate this: +5 -8

Sreekanth said: (Nov 5, 2017)  
Hi I'm Sreekanth,

As per my point of view digital payments and cashless transactions are more secure and safe, it even helps to control corruption to a great extent. The digital payments can be made very secure by invention of anti-theft firewalls or technology.

Coming to rural areas it will be very difficult to implementing digital payments due to literacy, improper knowledge of security and don't have a proper infrastructure to developing online payment.

Finally, India will go cashless but it takes time to adopt that system and it requires infrastructure with complete awareness along with a fully fledged security of online transactions.

Rate this: +27 -3

Haris said: (Nov 5, 2017)  
Thank you Sir, for giving me this opportunity,

Sir I am not agree with Cashless India or Digital India, because there are so many people in India who are not aware from these things even they don't have any knowledge about it, they have lack of Education, Internet, awareness, firstly Government should take step to aware such people.

Rate this: +3 -2

Aditya said: (Nov 3, 2017)  
Yes In some manner it's good way through which we don't afraid of fraud people. It's right decision of PM, Modi through which we give proper amount of pay to shopkeeper. Ex when some buy a product of Rs 99. He/she give 100 Rs to shopkeeper. And shopkeeper does not return 1 Rs. So it's loss 1 Rs. According to population of India. If everyone forget to take their Rs back so how much they loss their money. So acc to me digital payment must be in India.

Rate this: +25 -2

Madhanraj said: (Nov 2, 2017)  

I'm not agree with digital India and cashless transaction now a days. Because it's not possible for all the people in India, and Internet, smart phone is doing major role in digital India, so we couldn't expect all people using those things. It's confusing all non technology knowledge people. So we have use digital India concept is one of type not a main role.

Rate this: +5 -5

Kamal said: (Nov 2, 2017)  
Digital payment secure for the economy to go cashless ! No, It does not more secure because Today fake bank Manager call to the many people to make him fool and they can easily make payment from their atm card.

Digital payment are secure but without awareness it is not secure Ex Adhar card payment, phishing site, and hacking also public wifi network. Cashless are good for making transparency to our economy but it has some area limitation, we can not spared it all over area like village. Exception are everywhere So we can take only exception area and make advertisement that our villagers go to cashless.

Anybody tell me when we make online payment through atm card or swapping of card then why 1 or 2 % charges are apply on transaction. Why I pay 1-2 %charge. So cashless does not fit everywhere.

What is the guarantee that application server does not share information as like phone Pe, paytm etc.

So first of all make very strict rule in our constitutions and apply it and, most important things that cyber security are very strong then digital payments secure for the Indian economy to go cashless.

Rate this: +14 -5

B.Sai Ram Varma said: (Nov 2, 2017)  
Good evening one and all. I want add one point.

As we all know that digital payments playing major role now a days and it is helpful to increase the govt economy also. What I am trying to say is, for example: if we buy a product worth of rs 99 or 999 or 9999 from online shopping with cash on delivery, after getting our product we will not ask 1 rupee back from the delivery boy and delivery boy will also not take that one rupee into his pocket. He have to pay to the company back. So that, per day approx 1 lakh people or buying in India so we are giving 1 lakh rupees per a day freely. So that it will get impact to the govt economy with these type of activities. So if we use digital payments we can pay exactly for the price of product. So government should get the awareness in rural areas and they should advertise the use of digital payments in rural and urban areas too as it is like swatch Bharat. Thank you.

Rate this: +50 -2

Nikita Gupta said: (Nov 2, 2017)  
When we talk of Digital payments or transactions, I would agree to the facts that digital transactions are way too easy and secure. There is lot more savings in time. We can easily manage our own money. There is almost nil threat of robbery or snatching. Going cashless will help the government to track the flow of money effectively and also curb the flow of black money overall.

But our economy is not completely ready for this digital environment. Considering the literacy rate of our country, huge percentage of population is still not aware with basic internet and banking facilities. Also, we cannot ignore this fact that our small villages are still lacking basic necessities such as schools, hospital and even water and electricity. How can we think of installing internet facilities in such places?

To conclude, yes I am in favor of India going cashless. But considering present position, it is suitable for cities but whole nation is not ready for it.

Rate this: +76 -14

Dakshay said: (Nov 1, 2017)  

No, the digital payments are not secure enough for Indian economy. A businessman always wants cash in flow & outflow for the smooth running of his business. Government of India's demonetization is not a good step in the sight of a businessman. There are so many small traders which do business daily, can't handle their current Bank A/c, they think daily business as a daily wages, reselling of a product daily & profit is the wage. So, they do not want to create their current A/Cs for the handling of the daily reselling business & paying to CA the fees of auditing & paying Income Tax. But the Indian government going to make country cashless, how can this be possible with population of 1.3 B. The cashless is profiting high level businesses not SMEs.

Rate this: +6 -7

Rinku Bhagat said: (Nov 1, 2017)  
Hi! Everyone.

My answer for ''Are digital payments secure enough for the Indian economy to go cashless?'' is No.

Toady like other developed country India also needs a cashless economy. And the digital payments or we can say e-transaction likes,

E wallet.
UPI payment.
Paytm, Bhim, PhonePe, Tez etc.

Are good enough to do so, but they are not secure enough.

Because there is chances of cyber attacks, hacking kind of things due to lake of awareness towards digital education. Our Government have to taught the common people who don't know about these thins they are still using a simple feature phone. There is not even 3G in remote areas, so the company n Government have to make sure there is good internet connection available everywhere.

Rate this: +7 -3

Shivam Singh said: (Oct 31, 2017)  
In my perception as everything has a both side also in case of digital payments has two sides. Talking about the positive effects are it is very effective and Convenient way for the transaction. Talking about the literacy rate according to 2017 census it is 71.04% means there is a huge literacy rate in India if an illiterate person is able to work on Facebook and whats-app then he will also capable of transferring money using online transaction. Now talking about the cons in India there is no such hard and fast rule for the cyber attacks and also this year 27000 cases of cyber attack has been register and it may reach to 50000 till December which means that the government does not have the proper infrastructure for empowering the digital payments and also because of increasing cyber crime rates the people doesn't feel safe to transfer money.

Rate this: +5 -6

Neetu said: (Oct 31, 2017)  
Hello everyone,

Digital payment in not a good concept at that time because many peoples are not know about the digital payment. In rural areas most of the peoples are not understand the digital payment, at the time of demonetization many peoples are suffered because in rural areas the vendors are not accept the digital payment. In digital payment the most important thing is the good internet connection, but in every where connection are not good. Some of the peoples are not know who to transfer there money through internet.

Thank you.

Rate this: +2 -7

Pritam Roy said: (Oct 30, 2017)  
Hello, In my opinion cashless economy and digital payments are very much needed for our country to take our country to a next level. Yes, there are some arguments that India is not so developed to carry this process, the infrastructure is not good to serve a whole country digital payments. But As a person if you take the initiative to go along with this thought that you have to use cashless transaction, digital payment and you know the key advantages of this simple process then you are ready to make India digital. However.

If a uneducated person can have a facebook account or whatsapp account and he/she uses it very well then the cause is he/she is interested on that, so if we developed the interest on them for digital payment and parallel things and introduced them the simplicity and advantages then nothing is impossible.

Lastly the problem of hacking and all kind of security problems can be stopped by government also by the person, if he/she thinks it's a good initiative to go forward.


Rate this: +58 -11

Baruna Mukherjee said: (Oct 29, 2017)  
Hello everyone. Digital payments are good for the economy of the country as it records every transaction performed by every citizen of the country. This will help the government to track the flow of money effectively and also curb the flow of black money overall. But the minus point here is that there are no firm cyber security laws yet implemented for such digital payment software and websites. Hence for the people who are niche in using such applications may lose their valuable money to the hackers. Also taking into account the literacy rate of our country, there are huge number of people who don't even possess a debit card and for them it will be really tough to adapt this.

Hence I think that digital payments are suitable for the Tier 1 and 2 cities but the whole nation is not yet ready to adopt it.

Rate this: +17 -1

Sharvan Kumar said: (Oct 29, 2017)  
Hello, I think it is better for us. If we are using online transaction then it will stop black money and online payments is too secure and very easy. If we are using online payment then no one afraid thief or any type fraud. For online payment many types of app available like paytm, mobikwik, phonepe. Also it save our time because if we are transaction money to relative person it will long line in bank.

Rate this: +6 -2

Seersak Joshi said: (Oct 29, 2017)  
According to me digital payments are secure payment process but there is a disadvantage too because many people don't have the knowledge of digital payments because if we make a statistical survey then almost 40 to 45 percent of the people are illiterate which needs to have a proper knowledge on this thing so awareness is required for these people and otherwise this is a very helpful thing to move cashless and if the cost of anything we are purchasing is having a very price then it is a very suitable mode of payment without any problem.

So finally in my opinion a proper idea should be given or advertised in order to get a prior knowledge on this thing.

Rate this: +8 -1

Pramod Keshari said: (Oct 29, 2017)  
We would like to say that digital payment is very important for India economy. People easy to carry any time and anywhere. Control the corruption if digital payment 100% implement.

Rate this: +1 -1

Saroj said: (Oct 29, 2017)  
In my point of view is that digital payment is secure now a days.You may transaction the amount with using debit card,credit card,net banking etc. But a problem is also is there , problem is you have to require a good connection of Internet. In rural areas there is no good connection of Internet ,so they can't get to pay in digital. In this situation we have to request to government to give internet connection to rural . In this way we can make a digital payment in India..

Rate this: +6 -1

Amit Singhal said: (Oct 28, 2017)  
Hello, I think digital payment is the best way to secure the economy and when the all transactions are digital so there is no stealing problem of money and it is easy to carry the cash card like debit, credit and smart card. And. It's beneficial for all people for payments against purchasing. One of the most important things is that the cashless transactions take some second for paying anytime. Our government trying to improve the condition of liquidity of cash. It's is away to achieve the modernity. Yes I m not saying that it's good for anywhere because there are so many people who didn't know about the cashless transactions and they all get the problem due to this type of environment and I also say that there are so many vendors they don't accept the digital money and yes there are so many problems arisen against the digital payment but I fully support to digital payment because it's fully secured because the whole system is working on SSL layer that is known as secure socket layer which provides the unbreakable security to the consumer and vendors to make digital payment. SSL layer makes a bridge between the gateway and user details that are so much secured.

Rate this: +68 -4

Chandan said: (Oct 28, 2017)  
Digital payment provides many facilities like keeping a record of our every transaction, paying anyone from anywhere etc. It also saves our valuable time as we don't have to go to the bank or ATM for the money. But there is aa large problem associated with this as we need a strong internet connection for payment and transection which is still a dream in India.


Rate this: +24 -2

Bindu said: (Oct 27, 2017)  
Hii I'm Bindu,

According to me, digital payments are not secure enough for Indian Economy. As India is developing the country and literacy rate is almost 70% so not all the people has the knowledge of internet and most of the rural areas don't have the access to internet.

Apart from this, there is a security issue. There may be a chance of hacking account details and misusing it.

Rate this: +17 -12

Aman Thakur said: (Oct 27, 2017)  
Yes, digital payments are secure enough for our Indian economy. It's a good way to become cashless. But these payments should be run by our Indian firms. Many apps for digital payments like Bhim but these apps do not respond sometimes. So this is the area to improve. Digital payments are not used by so many people until time. It's a good way to become cashless but along with that there is a need of amendments in payment methods and should be used by maximum people.

Rate this: +22 -2

Abhishek Sharma said: (Oct 27, 2017)  
First of all, as all things, everything has two aspects there is some advantages as well as some disadvantages. So I would start with some advantages yes it is true that the digital payment is secure and safe, as day by day increment in technology we have to go with it to make better and fast life schedule. Digital payment makse fast access to own money like online transaction, paytm, debit and credit card by online, etc by which we don't have a problem of change money or even fake note or rough note. The digital payment also gives paying detail or transaction to the seller or consumer by which money corruption will we stop.

By Digital payment we are secure from snatching, robbery, thiefting, black marketing, long queues.

Some disadvantages are digital payment is not possible in everyplace specially in Rural Areas. Some problems hacking of accounts and some time stucking of money during online transaction.

Overall digital payment really changes money access in India. Now we have Bank in our pocket not only limited notes.

Thank you.

Rate this: +76 -3

Ravali said: (Oct 27, 2017)  
Yes, digital payments are secure enough for the Indian economy to go cashless because every payment and every transaction that we are doing is by a online process so there will be proof of our every payment and there will be no matter of cheating. While paying as everything is directly linked with our account obviously we feel it as secure. Many apps are emerging making the payment easy so if we think practically we use time to benefit ourselves but we won't benefit others by wasting our time. We use our time to earn money and again wasting our time for spending that money is useless. So my every view account to consumption of our valuable time.

And if we worry about the rural people everything will be okay as time passes, if this digital payments seem to be successful in some areas obviously every one will learn how to do it as we are seeing the usage of phones now a days in every area.

So we can say that digital payments are safe and secure by following.

1. They are our account (bank) related operations so very secure.
2. Less consumption of our time.
3. Easy payment and;
4. Trustworthy.

Rate this: +28 -4

Shanth said: (Oct 26, 2017)  
Yes, Digital transactions are needed, but before that, we should get our Indian payment gateways to be implemented. How many of us know VISA, Mastercard etc are the foreign gateways and we are losing a lot of money while transactions as service charges to this gateways, indirectly we are feeding them with our money. So, at this point, cashless India is a foolish idea now, until unless we totally depend on our gateways.

And the proof is, as from past 10 months in India, many cashless transactions happened due to demonetization. But still, our GDP went down and going down day by day.

Rate this: +10 -8

Vipul Gupta said: (Oct 26, 2017)  
Hello according to me, the digital payment would be secure and it also makes a convenient use of transaction but in still India is. A developing country, so 60% of the area is covered by the village and in village people, are illiterate they don't use and fully unaware of all that credit and all of this facility. Soo now the 1st there is a need to provide a special training to use there benefits and disadvantages all of this regarding digital payment.

Rate this: +13 -9

Manisha said: (Oct 25, 2017)  
I think digital payment is important for our country as cashless transactions will solve the problem of fake notes. It will also solve the problem of terrorism as terrorist funding will get stopped. Also, there will be no problem of handling of money with care as in case of notes where we have to protect them from water, from getting folded, etc.

Rate this: +21 -5

Md Abrar Alam said: (Oct 25, 2017)  
Hello everyone!

I would like to raise some points in the favour of digital payments rather than to go cashless because in the country like India it is more favourable. We know India is the second most populated country following China, most of the time we face cash problems in ATMs and even in Banks. If we would have such facilities than we can fulfil our needs going with this. We can't deny that for making such payments we need good internet connectivity but on the other side many mobile applications like; Paytm, Mobikwik etc. Have been developed which can work on normal speed internet. We know very well that people from rural areas can have also access of this as they are very active on social media but here the point of concern is to make aware of this to them.

Digital payments are more secure and worthwhile in our country because here many corruptions issues are occurring day to day works that may be in Government or Private sector, it will help to reduce this in large extent and another vital issue like; theft and robberies also occur in our society, digital payments will surely help to reduce these malpractices.


Rate this: +28 -1

Pathak said: (Oct 24, 2017)  
Hi, friends.

Here, we are discussing on the cashless economy. So first we could tell those people who don't know about cashless economy that what is it and how it is work easy. Cashless is a money transaction phenomenon, in which we have not required the money cash. It is work on electrical device by debit or credit card or internet. Cause of it a new revolution come in world. So let's come, more use this and make a part of this successful prime minister campaign.

Rate this: +12 -11

Pathak said: (Oct 24, 2017)  
Hi, friend.

I hope that cashless is ours responsibility that makes a great nation and less corruption. But few problems have come as no every one knowing about this. Thus we should tell them and more promoting. Let's come 'learn more about this and make a part of this successful campaign.

Rate this: +3 -5

Amandeep said: (Oct 24, 2017)  
Hello, I would like to state against the argument by stating that more than 35%of the Indian population lacks the access to the internet and thus lacks the ability to pay by means of e-wallets and credit cards.

While e-payment can be less time consuming there has been an uproar among the rural areas about the unavailability of cash and people having to wait day and night to get their cash due to demonetisation.

Thus availability and proper education about the cashless economy should be given first and then the actions should follow.

Rate this: +27 -4

Rishabh Soni said: (Oct 23, 2017)  
Hello everyone,

I think that digital payments are secure enough for the Indian economy to go cashless because now, we don't have to carry the cash with us every time. Digital payment is a boon to the Indian economy. There are a lot of apps and e-wallets like paytm, mobikwick etc. Which helps us to perform digitized transactions smoothly. Nowadays, small shops like food and tea stalls also have the options for paytm and all.

Carrying and paying in cash everywhere was not so easy. Sometimes in need, there were no ATMs around to get the money. There is a major problem of getting change when we have to pay a small amount like Rs. 20-30 and we have the money in the form of a Rs. 500 note. So, digital payments have also solved this problem and have made transactions easier for us.

Rate this: +57 -4

Rocky said: (Oct 22, 2017)  
Digital payment is a very good initiative by our government It is secure enough for the Indian economy to go cashless. It is a quicker process of transaction. Otherwise earlier go to bank carrying money is a very slow process. In some serious issue we can make payment so quickly. In some rural area people don't know about digital payment. So they don't feel secure. If govt take any initiative to teach them about that. Then that process is awesome.

Rate this: +14 -5

Raushan said: (Oct 22, 2017)  
Hi everyone.

According to my point of view, digital payment is a good way to prevent corruption and also it help in growing Indian economy. Most of the people think that the digital payment is made by the third party so it's safe or not?

But in my point of view, it safe and secure and we also have done easily payment.

I think it is a great initiative taken by our government. But we know that in India most of the people are from rural area and they didn't know about the digital payment even hi don't know about how the transaction occurs from atm. So govt has a right implementation for such area people and educate them about the digital method.

Rate this: +16 -1

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