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

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Arti said: (Jan 16, 2018)  
A step is necessary to change the world and this step is taken by our government.

Yes, there are many problems related to digital payment in India but we should not forget the benefits of this system.

Changes are painful but it is necessary to bring something new and digital payment are one of the example, we can see now people are adapting these changes and it will be successful in long run. Hope for the best.

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Kaushal said: (Jan 16, 2018)  
Hello my name is Kaushal. Modi government dream is "cashless society " so government trying to go forward digitally and to encourage digital payment they can also give some discount in BHIM app. I think it's great initiative in country like India because many Developed country are going Digitally. It's secure and less chance to theft, on cash there is chance to theft and also duplication of notes which can be minimize by using Debit card /Credit card.

We should also support PM initiative "Cashless Society ".

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Tanish Sharma said: (Jan 16, 2018)  
Hello good evening to all. Well in my opinion, digital payments are enough to secure than the offline transaction. Among of us thinks the online transaction is risky. But we have to know there are too many payment gateway portals who provide secure transaction between buyers and sellers like PayPal, pay secure, secure SSL, stripe etc. So that's why we should all to go for cashless.

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G.Jagan Mohan said: (Jan 16, 2018)  
Digital payment secure is most important in India because of that we can transfer our money through our devices. So digital payment secure is developing our country.

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Sarath said: (Jan 16, 2018)  
Hai Everyone,

The idea of Digital money was good and had made most of our transactions efficient and fast. But as per today's scenario in India the economy can't go completely cashless as there are people who will take time for getting adapted with the reforms. It is so because the small retailers are not aware about the digital money and its benefit and they are making transactions in paper cash. But allover the idea of digital money was good and it can contribute a great hike to the Indian Economy.

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Balram Kumar Modi said: (Jan 16, 2018)  
In my point of view: it is very easy to share money every where and no charge cut your account. If everyone could be participat this payment and no doubt it is easy for Indian economy and me which is not currption, no high cost price.

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Sasikumar said: (Jan 15, 2018)  
Hi friends, this is sasikumar, today we are going to discuss about the cashless way for an india, yes the India requires that type of method for transactions, because India having many corruptions in world wide level. All the methods are having both pros and cons, the cashless way aid for the hackings, the main merits is that we are not depend upon any banks and also avoid the q's in banks. This is an information age so we must depend only the computers and smart mobiles.

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Sanchari Nag said: (Jan 15, 2018)  
According to me, going cashless is good but it is not the best for India. As digital payments method involve many problems one of them is cyber-crime and as India is an underdeveloped country so very few people have a good knowledge about this system. The retailers and the small shop holders they can't afford to go cashless and digital payments are useful and happen without any problem for large amount of sum but it is not that easy for small amount of sum. Many poor people are not well acquainted about this system and they had got mislead. As cyber-crime has being increasing in our country so people are afraid of digital payments. Most of the people are not well equipped with this online transaction. It is a good step taken to develop India but the Government should educate and encourage about this system to the people. And the Government exclusively focus on cyber-crime. That's all I wanted to say. THANK YOU.

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Neha Saxena said: (Jan 15, 2018)  
In my opinion, digital transactions are secure enough for Indian economy to go cashless. Digital India is one of the flagship Program of the government of India with a vision to transform India into a digitally empowered society and knowledge economy.

"Faceless, paperless and cashless " is one of the professed role of digital payments.

Yes digital transactions are secure if we follow the guidelines, there are set of rules that needs to be followed to keep your digital banking secure and free from phishing. If we take care of those little points which we usually ignore, it is not very difficult to stay secure with digital payments system. People usually miss on small but essential guidlines that maintain secure payments system.

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Vishal Durgule said: (Jan 15, 2018)  
No. Because of most part of population of our India live in rural area, there are lacks of knowledge regarding with cashless payment, so there are chances of fooling to this people by seller or vendor. So I think before goes to cashless economy, govt should arrange various trainning-guide activity.

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Sunil Gupta said: (Jan 15, 2018)  
Digital payment secure enough for who is know about Internet banking or digital payment even educated people don't know about it. In rural areas, people not much educated if government provide 2.5 lakhs money of awas yojana to beneficiary account, Broker easily access money through aadhar authentication from kiosk banking.

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Neha Saxena said: (Jan 15, 2018)  
In my opinion, digital transactions are secure but the main problem is that most of people especially in small cites and rural areas are not really aware about of digital transaction. And they are not very comfortable with the new methods of payments so want to stick to their traditional way of exchange that is cash. But gradually they will be habitual with digital transactions. But at the same time the regularities authories should make sure that the with the growth of digital transactions the security should not be compromised.

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Sourav Pramanik said: (Jan 14, 2018)  
According to my opinion, I want to say that digital transactions are one of best improvements of our country. With it's help we can easily buy everything (from groceries to train tickets etc) in a very easier way.

We don't have to carry a bag of notes to buy precious things. During long journey it is really helpful. But everything has advantages along with disadvantages. We all know about the cybercrime, which can hack our transactions and steal the money. With this we also have certain problems, like in the native villages everyone doesn't have access to internet and technologies. So for them it will be very typical.

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Divya Vishwakarma said: (Jan 13, 2018)  
Answer would be yes, as digital payments are secure enough to compete with today's world. But the main problem is with the retailers, shopkeepers, they're the one who hesitate to accept money through any of the digital payment method. Thus, it is necessary to make them aware of it. As going cashless and working with digital payments would be a lot beneficial for the Indian economy and would be easy for us also.

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Gopendra Kumar said: (Jan 13, 2018)  
In my point of view, digital payments is good but not best because it's good for the higher amount of transactions but not for a lesser amount. Secondly, there is always risk as you know heard of cybercrime. It's useful for only if you will give someone money but for all uses it is not saying satisfactory.

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Sushant Agarwal said: (Jan 13, 2018)  
Firstly, no economy can go cashless. Rather it can be said that the economy can aim for less cash economy.

Coming to the topic, in today's scenario digital payment have become very prominent part of every economy growth. And having such a great IT secured network, we can trust on the banking system for going digital.

There is always some risk with a thing you hold.

Same is with money, rather it is in digital form or physical form. So digital payment can be trusted.

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Akshay Vidhate said: (Jan 13, 2018)  
Digital payments in my view is a great step toward the development of our country but there some problems which must be solved prior to implementing complete digitalization.

1. As we have the large rural population and in that population, there is a high percentage of illiteracy due to this many fraud cases have been seen.

2. Due to past less secured online transaction method, there is less faith in digitalization in India.

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Anisha said: (Jan 13, 2018)  
Hello everyone.

I think, yes it is a secure payment option for every Indian. It reduces the theft rate also. It also save time it large manner. It make our things more easier than before. We only have to put our atm pin and holder name and atm no. That'it. And make our payment done but in previous we have to take our money in our hand and give it to the respective person. It also increase the theft ratio. So it is very much require that the payment should be digital and we should go cashless. But there is one other side also. Many people in our country don't know how to use computer and phones. So the government should take some steps to educate them also. It will take some time to go fully cashless but it is a better option in my point of view.

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Sumani said: (Jan 13, 2018)  
I think the digital payments are very useful to our human life because of this we can go economically cashless It also used to most of our Indian's.

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Pardyum said: (Jan 12, 2018)  
According to my view, the digital payment will improve the quality of government work as we know that today corruption is big issue it can be controlled by digitalization and can get complete benefits to govt. And other fields.

And will boost the economy level and real tax ratio.

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Lavesh Jain said: (Jan 12, 2018)  
I think digital payment is very good for promoting digital India it also increases employment as we known many of the engineers are unemployed today. The government should also need many more step to support digital payment.

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Atul Garg said: (Jan 12, 2018)  
I think for me digital payment has introduced a new era of technology especially in India, and I think for Indians point of view they are excited to transfer their money without any security issue, I know nothing is secure but if we want to rise our country in fast mode so we need to adopt the new mode of payment which we call digital payment.

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Trisha said: (Jan 11, 2018)  
Hello everyone.

I think digital payment is more secure and beneficial for our economy. Digital payment means going cashless and making payment digitally.

We don't have to go to bank or Atm for withdrawal of money rather then we can use net banking & use the card for payment or there are some apps which also help for making transaction. Nowadays these apps are giving great offers and cash back for making any payments. These are very simple & easy to use and save time.

As we go cashless so it also reduces the risk of theft.

By digitisation, we are contributing towards our country as it's increasing our country GDPA and growth of the country. Most of the developed countries go for digital payment.

It also helps to reduce black money for our country. By digital payment, the government can keep a record of every transaction so there will be transparency of payment.

As digitisation is going to be future so it will increase employment in several fields like Telecommunication, networking, ethical hacking, cloud computing and many more.

And these days cryptocurrency is becoming the trend. We just can easily make payment through this currency.

There are some disadvantages of digital payment. As hackers can easily hack any device and get all information and get all money. So government need to take strict action regarding this and make payment secured.

It will take time to go fully cashless as most of the people are illiterate in our country. The government need to focus on lower-middle-class family and create awareness among them and teach them how to use a computer and do payment.

It will take some years to go fully cashless and make the whole process digitally.

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Namita Jagtap said: (Jan 11, 2018)  
Hello everyone.

I am Namita.

Digital payment is really good for our Indian economy but other point of view it is soooo much risky because now a days soo much online fraud are done earlier. Many peoples are doing online transcations so because of online fraud many peoples get loss soo digital payment is good as well as little much bad also.

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Aditya said: (Jan 11, 2018)  
Hello friends,

According to me, digital payments are more secure as there is no hand to hand delivery of Rupees. Also they are very fast at just one click we can transfer the moneys all over the world. No third party interference is there so more safety we get while doing transactions.

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Srikar said: (Jan 11, 2018)  
Hello everyone,

I am Srikar, I agree with everyone who supported the above statement is true, but when a good reform like digital payments is introduced there should be some definite solutions to avoid the problems faced by citizens in adapting to the reform and they should be given freedom to choose their way of payment I think it is basic.

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Navya said: (Jan 11, 2018)  
Hello everyone,

According to me, digital payment may take some more years to get more secure but it is something which was really needed for progress of our country.

Digital payment has saved the people time. Now people don't have to go to ATM to withdraw money and they don't have to wait in shops just to get the change. Many a times it might have happened that we end up in buying a extra things just because the shopkeeper doesn't have change and sometimes we may have let him to keep the change when we are in urgent. This kinds of problems are overcome by cashless payment.

Even cashless payment has led to more transparency in transaction and has reduced the corruption.

It might be difficult for uneducated or poor people to get used to this but it takes some time for people to learn new things.

Digital payment will lead to more research in Networking field and also increases the employment opportunity in this field.

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Kaushendra Sah said: (Jan 11, 2018)  
Hello guys,

I would say that probably it's the change that India is needing so far to make progress in every arena. As we all know that our country is previously recognised as the country of illiterate people's, but know the time has changed we are experiencing a rise in our GDP approx 7.2% in increasing manner whereas China's is lowering down. All credits go to the digitalisation happening at a very fast speed. An example of Digital payment can be taken from Delhi Govt's initiative of introducing a Single travel card which can be rechargeable so making less Ruskus in travelling and also saves time.

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Neeraj said: (Jan 11, 2018)  
Hello everyone.

Digital payments are good enough, I agree ! but for what percentage of the Indian population, very little. Have you ever notice that most of the Indian population don't have their own bank accounts, most of them are daily wage workers and their income is much less if they put that money in their bank account money will automatically get deducted because they can't maintain minimum saving account condition.

India will automatically be digitalised when our literary level increases i:e when our Indian people gets the opportunity to explore themselves. Though our government is always trying to uplift the education system, so it's people responded to take the advantage and make India fully developed and digitalised nation.

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Neeraj said: (Jan 11, 2018)  
Hello everyone!

Digital payments are good enough, I agree ! but for what percentage of the Indian population, very little!. Have you ever notice that most of the Indian population don't have their own bank accounts, most of them are daily wage workers and their income is much less if they put that money in their bank account money will automatically get deducted because they can't maintain minimum saving account condition.

India will automatically be digitalised when our literary level increases i:e when our Indian people gets the opportunity to explore themselves. Though our government is always trying to uplift the education system, so it's people responded to take the advantage and make India fully developed and digitalised nation.

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Aman Jaiswal said: (Jan 8, 2018)  
Good morning to all for you presents out here.

I Aman Jaiswal wanted to share a few points on this topic firstly of we all we should know the concept offline digitalization in a very simple way digitalization means to make things easy in less time-consuming. Now yes, India should look forward to implementing the digitalization process in every necessary need like banks shopping mall car and much more so that it I'll take very less time and also very much transparency with will leads to corruption free nation.

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Adarsh said: (Jan 8, 2018)  
Hello guys.

Digital payments is good for a nation because in this method transactions are easily tracked by the government so it reduces the chance of black money. But if we take about the security of digital payments we are at the bottom. In the newspaper, we daily read fraud of atm, digital payment. We don't have experts in solving cybercrime. So if we wanna promote digital transactions, the government will have to ensure security and make aware of people for digital transactions.

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S Aiswarya said: (Jan 8, 2018)  
Yes, in today's era, digital payments are secure enough for the Indian economy to go cashless & that's because of the advancements in technologies.

For instance - Almost all the developed countries use digital mode of payment indicating their modernisation to the present era and moreover all the developing countries are using this digital method to become developed & to get stabilised in their own markets.

Digital payments eliminate the risk of being cheated. It also helps people to be literate to some extent.

Digital payments also reduce the reliability of people on other sources for money transfer, money deposit etc.

Nowadays people prefer for digital payments as they know that it is totally a secure method of payment as it reduces the risk of cash being stolen away.

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Anomi said: (Jan 8, 2018)  
Hello everyone.

Digital payment means making payments in digital mode.

It is very necessary for the country's economic growth. Cash payment is time-consuming & insecure.

Whereas digital payment eliminates the risk.

If we consider today's situation digital payments are vulnerable to attack.

Through digital payment we can transfer money anywhere, anytime & it is very secure.

Everything will have its own advantages as well as disadvantages so even digital payment has disadvantages.

Digital payment is difficult for illiterates because they often don't know how to make use of digital payments.

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Falguni said: (Jan 8, 2018)  
Hii everyone.

The digital payment system is very helpful in many ways. People don't need to carry cash and queue up in atm. It is very easy to carry cards. If your card is stolen you can block it in a phone call but if your cash is stolen then there is no way to get it back so it is very safe and you can use your card at any place anytime. It is very useful in an emergency condition like in hospitals and because of it's transparency, it is a very helpful solution in corruption.

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Kunjal Chawhan said: (Jan 7, 2018)  
When we say Indian economy, it's imperative to understand that we are talking about the nation as a whole comprising people from all classes. There seems to be a huge hype about digitalization while overlooking urgencies and necessities that need to be properly addressed. I mean more 56% of our population is living in extreme poverty consequently followed by other classes and their consumption patterns. Internet Protocol Infrastructure is gonna take time to become predominant, first and foremost pressing matters need to be addressed, i.e. extreme poverty, malnutrition, unemployability and unemployment, illiteracy and power.

Because even if digitalization is made plausible, still a large proportion of citizens wouldn't be able to capitalize on that.

Coming to the question, just a few months ago we have been made aware that Chinese mobiles and UC Browser are retrieving our personal data, and also hacking is on large and for people that are not tech savvy and cautious are bound to find themselves in that predicament. It might already be happening. Hypothetically let's say 3 in every 5 PayTm transactions are being hacked and 50 paise are being deducted, who is even gonna bother to report and it can very well happen on a large scale.

In my opinion, we need to approach digitalization with caution making people aware of every mishap in every step of the way.

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Siku said: (Jan 7, 2018)  
According to my opinion, digitalization is very good as we thanks to Modi for promoting digital India scheme's and campaigns and it becomes easy for public in large transactions to go cashless and there is decrease in corruption somewhat due to that Indian economic value will increase and my opinion is to improve some awareness programs those people who are illiterate then it is very easy to everyone how to do the transactions.

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Ajit Kumar said: (Jan 7, 2018)  
First, good morning to all friends and thanks for giving an opportunity to discuss this topic. Digital India means to save the time during the transaction of money. When we have transferred the money than it will be very useful.

There are more important to save the time and transfers the money anytime from anywhere so it is a very helpful for developing the our economic country. In our country digital system os better of growth the economics condition and when reforms of economic conditions in our country than there will be developing our country. So we have to use of the digital system. Thanks.

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Prasanna said: (Jan 7, 2018)  
Hello guys,

I would like to put my views on this topic as we know that sooner or later we will have to go cashless as the world around us going this way only. So, yeah the thing is not like we should go cashless or not but we should stay focused on how to secure the digital payments. The second thing is that it has its advantages as well as disadvantages like any other things. It helps us to save our time, the usage of paper will be reduced by doing so environment concern will somehow get ease. Tax issues will get resolved as many of shopkeepers earlier don't want to make bill of any payment so they can save their taxes, then again some if them sell the products at more than the original rate as we are not having any idea about the price of the products we are going to purchase. Disadvantages are there like the people who belongs to village area are not likely aware about this method even if they are they don't find it suitable as they are not used to it. But this is the problem we can solve by campaign, advertising which are now in process throughout the nation. So this is the only main concern besides the security and privacy of the method. Eventually we are going to be cashless but yeah we certainly need to find the modes which are secure enough to do digital transaction and it can be done with little concern.

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Sanika said: (Jan 6, 2018)  
Going cashless is certainly secure if compared to carrying around wads of cash. One can do nothing stealing an ATM card without knowledge of PIN, or password for online banking. But only up to certain extent. I believe on card transactions as the cards are linked to bank networks which were developed well before, also I get a confirmation on my mobile. But with these new cash transaction apps coming up, which may be still amateur networks, are very prone to get hacked, that is where I think is a weak link in the chain.

Many of us said before there is a large group of people having lack of knowledge regarding these online, cashless transaction. Certainly, these people can be easily fooled, but this new toy must be given in their hands only after proper guidance, the importance of keeping passwords, PIN a secret, and this a challenge that must be taken by us and promoted by our government, to make digitalization a success and secure.

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Grishma said: (Jan 5, 2018)  
Hello everyone,

According to my opinion, there are the digitalization of economy is necessary for stopping all the mischiefs done by the people whether they are from public or political parties. Digital payment gives more security to the Indian economy and helps to the public.

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Nishad said: (Jan 5, 2018)  
I would like to say that, Digital transactions are more helpful for our country's growth when we consider the correct tax findings over each transaction when compared with the normal cash payments. But Considering the current situation of our country internet issues and methods the digital payments are vulnerable to attacks in many ways like spoofing, phishing etc.

Before go for cashless we should go for the methods to make the digital transactions safer than cash transactions by providing highly secure paths for servers authorized particularly for cash transactions. The another most important thing that we should consider before going cashless is that the illiterate peoples living in our villages will face problems over this. So we should ensure that we adopt methods for educating them before go for the entire cashless country as they are also our nationals and they have also had their own ways to live as we live in our wills and ways.

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Deepika said: (Jan 4, 2018)  
Yes, going cash less is very important for India because people will pay the amount digitally so everu one will pay the taxes then there will be economic growth in country and our country's gdp rate is also going to increase. Corruption will also get decreased by using digital payments. But one thing is the people who are not educated are more in India so for them these digital payments will be difficult. So for that our government should keep some campaign programs to educate the people on how to transact the money digitally.

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Jitender said: (Jan 4, 2018)  
Good mourning to all of you.

Nowadays, digital payment has been in a great demand as the Modi govt came into the rule and promote digital India by providing so many schemes and launch various campaign to promote digital payments. Digital payment means doing the transaction through a technology or doing the cashless transaction via machine "pos" apps like Paytm, BHIM, Mobikwik etc Digital payment is secure and ease mode of payment rather than carrying a large amount of cash, which can be pickpocketing robbery or snatching etc. Its very easy way to do transaction at any time and at any place where you want. Whereas we don't need to go bank for adding or withdrawing money due to this it can save our time as well as paper cost.

But the main problem is that 70% is agriculture Indian which doesn't know how to use and they don't want to indulge in any fraudulent or any spam. First of all digital payments is 10% safe and secure and do via trusted sites/pp. As rural peoples are not interested or indulge because of lack of knowledge and lack of awareness and illiteracy. Gov takes initiatives to launch various campaign and run policies that help rural peoples about these digital payments and educate about these benefits. This will lead to making our economy strong and developed India. We would go through a certain pain but this pain ensures a better future for sure.

Thank you.

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S.Siddartha said: (Jan 4, 2018)  
In India, digital payments should be necessary to go cashless because we can save 3.5 to 7 billion trees cut downs each year and we no need to to be recycled and demonetized. But day by day our technology is increasing, and the hackers are also increasing. So we need more secure software to prevent stealing of our data from hackers. We need a payment which is more secure. Digital transactions are simple we need to do campaigns and educate the people to do digital payments. Through digital payment whatever tax should be paid to the government can be paid and we can avoid corruption and more over cards are less in less in weight we can easily carry to many places in our pocket where as cash it is heavy and not secure to carry more amount of cash. Digital transactions save the transport and Savage of time (because when we need to be paid a bill we should be in a line more wastage of time), directly paid to the merchant and it is simple to use. So we need a digital transaction which is more secure of our data and prevents of stolen of our data from hackers.

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Manasi said: (Jan 4, 2018)  
Hello everyone.

As we all know, when Modi Government come into role Digital India is growing faster. As per my opinion, digital payments are secure for the Indian economy to go cashless. Now everyone can go out without carrying cash at any place. There are so many apps available for payment like paytm, mobikwik, online sites etc. And it is safe to use. In urban areas, most of the people are operating digital payment but in rural areas, people don't know how to operate digital payment. They have to explain about the cashless system and for this Government can arrange a campaign to educate them all about this. So they also know about its usefulness. India is developing the country as we give knowledge about this to rural areas people it is one step for our country to become a developed country. There is also reducing corruption because people don't need any of middleman for work done work are directly done by people and at actual rate.

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Anirban Chakraborty said: (Jan 3, 2018)  
In India, Economy is the most important thing to be discussed. Today, India has become a digital Nation because everything is happening with Computers and other digital Machines. Earlier the people were withdrawing or depositing their Money by Cash and there was no such scope to deposit the currency with computers. Those days were not too much comfortable to pay Money with Cash. Carry hard Cash might be risky but now in digital India people use Computers. Digital payments have some advantages and some disadvantages like e-Banking. As we all know that we can transfer Money to someone's Bank account with the help of e-Banking that needs the person's Bank account details and other login details that will be so much easy to transfer but might not be secure. Hackers might hack someone's Bank accounts which will be the problem. To increase India's economy we have to pay Taxes for the development of the Nation and to increase the GDP rate. But with the help of Internet or net-Banking people might pay it easily. Everyone has Internet or net-Banking so that will be enough help for people to go Cashless. Other is PAYTM which is the best example of digital payments. We can transfer Money or pay Money or pay Taxes or any currency easily with the help of PAYTM. Digital payments can be electronic payments Like pay with Debit cards and credit cards.

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Rohan said: (Jan 3, 2018)  
In My point, the digital payment is secure more than the cashless payment but the one problem our country is a farmer so former are faced a problem they did not get the right information so they do not handle of the digital payment process. Digital payments are a very good thing and lots of time-saving energy saving also easy money transaction. Another is secure of the account information less hacking problem so my point of you digital payment more secure for the cashless.

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Sushant said: (Jan 3, 2018)  
India has the second largest population in the world i.e. if every single transaction here happens over the paper money, believe me, it will become so intangible to deal with it. Therefore to establish yourself towards a developed nations we have to go through various pains and going cashless will surely be one of them, but this pain ensures a great relief in future for sure. Now coming to the point is it secure enough?

Yes! of course, it is you have to go through various security level like you're card CVV no then a verification OTP msg following you're transaction message to your mobile no. Yeah, I do consider a bit of knowledge to the internet is a must but c'mon we have been crowned as the youngest nation for this decade and to be noted the no of smartphones, the buyer is toped by us again so we definitely know how to use the internet in our own benefit. So to sum up I will likely to add that digital money is similar to ordinary money it just you don't have to carry your hard earned money in a bag reducing your fear of getting robbed so it is a high time for every citizen of India to move towards digital payments and to believe the government strategies for now.

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Miti said: (Jan 3, 2018)  
Good evening everyone.

Since Modi government came in to rule, 'Digital India' is one of the widely focused aeras. Cashless economy is also part of this campaign. Cashless economy consist cashless transaction which means no direct currency transaction but digitally transaction of cash via various apps and portals.

India is one of the developing countries. With vast geographical area India also have overpopulation, poverty, illiteracy etc. With all these impedes cashless economy is far way milestone. One of the most strongest resistances is illiteracy. Digital payment system indeed need education or literacy. Rural population of India it still unaware of digital technology. There is not digital technologies like computer, internet, smartphone, etc. Internet is essential for the digital payments. So rural area is still in need of major improvement in knowledge and infrastructure.

In urban area and cities all the infrastructure is provided but there is also lack of knowledge. Today in this digital era most of people are unaware of digital frauds and their techniques. With fishing sites and various virus systems digital payments is hack able. People of India must get the knowledge of this kind of fraud to go through cashless economy. We need more secure server and payment gateways to reduce fraud and ease transaction system.

To go India cashless we need to improve facilities in rural area and propose awareness program in India. We need more secure services and ease in transaction. With all such improvement India will became ready for cashless economy and milestone will achieve.

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Parth Sharma said: (Jan 3, 2018)  
Good Evening all of you.

I personally feel that the next big revolution coming in our country is Digitalisation and its benefits. Keeping your hard earned money safe is one of the most challenging thing in today's world. There are so many loopholes through which our moeny isn't secure and to make it secure digitalsation needs to take place. Keeping transactions digital is not only our need but it is the backbone of our government to make the economy stronger day by day. Earlier governments used to launch so many schemes for people below poverty line, for senior citizens and for other backward classes but the whole amount kept for these communities never used to reach them completely and there corruption came into picture. With the current government we have realised that a very big amount of our Indian economy was going in vain and because of which there was one parallel economy came into picture which was run by fraudulants and corrupted bureaucrats. To elimniate this Demonitisation took place and we all saw how much corruption rooted out. At the same time present government also introduced Aadhar identifcation which helped poor people to create their bank accounts for 0 balance. This just didn't help in making the banking system stronger but it is also helping our government to keep track of all the money being used for specific purposes. Now all the money released by government is directly transfered to the accounts of needy people and help it keeps the whole process away from corruption. This one change has benifitted a lot to poor people. Also with demonitisation we have understood that doing digital transactions is very easy and secure rather than carry physical money. Event like demonitisan has resulted in cashless villages and cashless townships across India which is a positive sign towards change. Also not leaving behind technology and smartphone, our current generation and previous generations are learning faster to secure their money. With time we definitely need to make our whole system secure and I believe that is where IT companies "the backbone of Indian economy" are working day and night to build the digital transations safe and secure. I would like to that say the change is taking place in every corner of the country but it will take some more time for a nation like India where lots of parameters like Poverty, Illliteracy and Old traditions are rooted deep well within our veins. We are the world's fastest developing economy and we have always welcomed Revolutions. This shift will bring lots of change in the life of an ordinary man having his hard earned money safe and secure.

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Karampreet said: (Jan 2, 2018)  
Digital payments is making the payments through technology. It offers the ease of doing payments anywhere you want and the way you want. Different options are also available debit cards, credit cards, net banking and even applications like paytm further make the things more better. Just at the click you can buy, sell& invest where you want. But talking about is it secure enough in Indian economy. More facilities are to be made available to remote areas. Even now some people prefer carrying cash as compared to doing it digitally.

The very first reason is ignorance. They felt vulnerable to the use of the technology. Afraid of getting indulged in fraudulent activities they prefer physically carrying out the payments. It would take some time for Indians to get acquainted with the digitalisation as not everything can be learnt overnight.

Rate this: +11 -10

Urvi Parekh said: (Jan 1, 2018)  
Good Eve guys.

As the topic is that digital payment secure enough to get our economy go cashless I wanted to say The digitalization is the innovative idea brought up in India. Accordingly It is secure too as the large amount of money we carry over and fright of loot is not there. And moreover there is security given at the time of transaction. And we can transact at any place and any time. No doubt the concept has became famous and is implied many places now a days like Auto ricksaws, Laari vala's etc. But still there are lot of people not using it. The most important factors are illiteracy and ignorance. People of old age or rural people or money lender etc they don't have literacy how to use it and so they don't know benifits and hence they ignore telling that this modern techniques doesnt suits us. The mindset of this people should be change. Literacy of cashless should be more wide then it is. Though government is doing its work still it seems that there is more bridge to cover.

Second problem is security levels. Yes we may use digital mode for payment. Still we are afraid of it and yet it is not that secure as it has to be. The hackers are always ahead. The system should be more secure.

Hence the digital payments are secure but the level of security should also be increased. And secure payments is not only the factor for getting economy go cashless but other factor like literacy of digital payment etc are also factors for economy to go cashless.

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Nishant Gupta said: (Jan 1, 2018)  
I agree that the digital payments are secure enough because they are our digital money and also minimise the risk to loss them.

And digital money is also very good for economy as all payments are in the view of our government and ultimately our economy is boostup.

Another thing is that if we have digital money than we can pay this money at any place of our world from our place but in case of cash it is not possible.

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Sharnendu Sen said: (Jan 1, 2018)  
Right now, it's not the perfect time to go cashless. Digital payment is usually done using redirected website. But if a website is vulnerable, it can easily be hackable or it is insecure. Digital payments are secured but not up to mark.

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Niraj said: (Dec 31, 2017)  
I want to say that digital payment is useful for India in being cashless but it is not very secured. Many peoples don't know about this, they don't know how to use this because of that they got cheated sometime. Because of being cashless many of us do not carry cash with us and we suffer because of that. In some manners digital payment is useful. In my opinion this is not a very secured way. This is only safe for the person who knows better about this. To promote digital payment and make Indian economy cashless and make digital payment more secured government needs to do something by which each and everyone know better abut this process.

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Deepen Gajjar said: (Dec 31, 2017)  
Hello friends,

In India the technology upgradation is moving fast, every year we are witnessing a new type of technology and hence I would say that, yes the digital payments are secure enough for the Indian economy as the technology is getting better and better. Now to what extent it will be secure will depend upon the awareness of the user of digital payment technology. There are ways through which the digital payments will be secure enough such as 1. Password consisting of both and Aphanumeric and Symbols combination, 2. Checking statement regularly. 3. To use trusted website. 4. If using more than one digital wallet, never keep same password. 5. Changing password regularly.

There are few cons which are there is, 1. Chances of hacking (even more if using public WI-FI). 2. People from rural areas are not competent enough to use this digital payments.

In the end I will say that there are more Pros than Cons, there are risks however it can be eliminated if we take proper care while using this technololgy which will lead India to cashless in a safely manner.

Thank You.

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Gagan Gupta said: (Dec 31, 2017)  
Digital payments in India has achieved lot of popularity. It happened because people using these methods have realised that making payment through these methods is secure and they can keep track of all the transactions, even the small ones which are usually escaped from our because of our fast moving lives.

One of major factor which promotes digital payments is a smart phone. There are still a lot of people who aren't using smart phones because they think it will be difficult for them to adapt it. They resist themselves to change. So, Smart phone companies are building cheap smart phones so that they could reach out to maximum number of people and Software developers are also creating apps for educating people about smart phones through their apps.

Fear of losing money is also one of the main reasons why some of them have still not adopted it. This fear is because of lack of knowledge and awareness. Government is providing information to these people so that they could quickly adapt to this new mode of payment.

BHIM App is a great example of Digital Payments introduced by Government This app links your bank account and provides user a unique identification id. Using this id people can make transactions. They will be notified on app and then they can enter their password and boom! *transaction complete*.

If the transactions are failed, they are rolled back. So, these kind of information can build trust among people.

Coming to security. Yes, no one can say that these payments are 100% secure but carrying money in pockets isn't secure as well, one has to stay aware of their surroundings and environment.

Some points one must notice before making an online payments are:.

1. Always confirm that the website is secure and payment gateway is trusted and has "https" in it's web address (URL).

2. It will be better if you'll use a password containing special characters, numbers and alphabets.

3. Never share your CVV number or ATM password with anyone.

4. If you're making a purchase for the first time on a website you're not aware before then first google it. Read reviews then make a purchase.

And remember Prevention is better than cure.

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Sandeep Paul said: (Dec 30, 2017)  
To go cashless, there is only one way "Digital payment" obviously, but if we talk about the security, ofcourse it is secure. Most of the digital payments are protected by atleast two way security protocol, eg. Card number, password, otp etc are used for providing secured payment gateway. But in case of cash the only security is our alertness and physical strength which can be breached by anyone.

And if the question about hacking or unsuccessful transaction arises, these are mere accidents that happens with cash also like snatching or looting or pick pocketing. But digital payment really helps in narrowing the domain of thief.

Why? Because cash can be stolen by anyone but if it is digital cash then the thief is unfortunately required to have a wide range of knowledge about computer, firewall, breaching of digital security etc. Thank you.

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Reshma James said: (Dec 30, 2017)  
Hai friends, The digital payment is very secure. But the India is 70% agriclural country. The most of people is not bothered in digital payment. If the illiterate people are educated by educated person, lam sure the digital payment is possible and secur in India. The Indians is not too idiot. They know understand what we told.

Rate this: +9 -10

Ankit said: (Dec 29, 2017)  
In my opinion, digital payments are not completely secure enough for going completely cashless but it's a very innovative idea and can be made completely secured by providing some efforts like adopting rescue measures against cybercrime using advanced technology & awaring illiterate people by providing some easy techniques. As it's a very time-saving approach, saves from physical robbery & provides many more benefits so I think in few years it can be made completely secure.

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Dhruv said: (Dec 28, 2017)  
Digital Payment is secure and safe mode of payment. It encourage to go paperless. Because of digital Payment no restriction on time. Any time any where we can initiate the transaction. No need to go bank for small payment. After demonetization Paytm is on high boom if you see auto rickshaw or grocery shop person also using Digital payment, reason it is very convenient. They no need to worry about keeping physical funds at the end of the day. This was just an overview. We need to promote Digital Payment specially in Rural area. We have to take initiative start campaigning to educate the population how to do digital payment.

Now coming to security part of the digital payment. There are various ways you can keep yourself safe:-.

1. Always use trusted sites only and after completion of the transaction, click on log off button never close the page directly.

2. Never use with a name or user id similar to digital payment. For example shyam@123 likewise. Always use strong password configuration that should not be easily recognizable. Use a strong password with a mix of numbers, characters. Never share the password with anybody.

3. If you are doing the transaction through mobile then always keep your app lock and also refer point no. 1.

4. Check your mobile wallet statement carefully on a regular basis.

5. Download antivirus and anti-malware. Sometimes when we download some app there can be a chance virus occur and that can fetch details from your device so in that case keep your device activate with anti-virus and anti-malware.

Below are the points that you should never do:.

1. Don't use public Wi-Fi as hackers can steal login details.

2. Don't use one password for all wallets.

3. Don't download apps from the internet always download app from play store.

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Ratnesh Gupta said: (Dec 28, 2017)  
Good morning friends,

First of all, I would like to describe what is digital payment. The digital payments are like Internet banking, Mobile banking, Banking cards (eg. Credit card, Debit card etc) , USSD (Unstructured supplementary service data) , PoS (Point of Scale) , Micro ATMs, AEPS (Aadhar Enabled Payment Service), UPI (Unified Payment Interface) and mobile wallets (eg. Paytm, Tez, SBI buddy, Airtel payments etc). Most of these digital payments are works on internet connection and only one i.e. USSD that works without internet connection. So anybody can use digital payment where he/she has internet connectivity or not.

Now, lets move to the topic, Nowadays digital payment is 100% secured and it is reaching new heights day by day in terms of security. I am using from last 7 years its very easy and secure to use. Only making the digital payment secure is not enough for making the Indian economy cashless. Like India is a agricultural country. Its 70% population are residing in rural areas and most of them are not aware about the digital payment. So to make Indian economy cashless we and government need to give demonstration and awareness mostly on rural areas about digital payment that how to use that securely. In Urban areas people are more fast most of them knows very well and they use everyday. Thus creating awareness on digital payment in rural and urban areas both and convinced them to use regularly only then its possible to make Indian economy not only cashless but also we can save lakhs of trees every year from cutting.

Thanks, & Regards,

Ratnesh Gupta.

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Rishabh Gupta said: (Dec 28, 2017)  
I think digital payment is a great concept which will help our country a lot to proceed on the path of becoming a developed nation. It has both pros as well as cons but if we compare these I think pros are more. All the transactions performed digitally helps to save a lot of time and these are transparent and traceable which helps to overcome the problem of black money. The only challenge is spreading awareness about their use among the backward areas. Help centers should be established which can assist people on how they can get benefited with the help of digital payments. Coming on to the security part hackers and intruders will find their own way, the risk can just be anticipated and not just completely eliminated. The only thing we can do is just use trusted sites and software for carrying out the transactions.

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Sravankumar said: (Dec 27, 2017)  
Digital payments mean we have to think ok, I agree that digital payments is secure but what about security and we don't have any guarantee to trust on digital payments because hacking is one of the main reason so my Opinion is I agree only 50% safe about digital payments.

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Mukesh Maurya said: (Dec 27, 2017)  
According to me, digital payment very secure, there is no chance for robbery. At the time digital cash (e-cash) is need of my life at a place of cash. Anywhere we can pay by e-cash this is the very fast payment method and no transaction charges.

By digital cash, we can never face with changes. The government provides many platforms for a digital transaction like (UPI, IMPS, NEFT MOBILE BANKING etc). For digital transaction smartphone is n not compulsory we can make a transaction by USSD In UPI Paytm payment bank and Airtel payment bank.

Many banks provide cash back bonus point for the digital transaction. This is another advantage of the digital transaction.

So I think the digital transaction is very useful for everyone.

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Herish Patel said: (Dec 27, 2017)  
Nowadays, the digital payment is good and secure. But in rural area literacy rate is low and their people do not know how to use payment method. And also who knows that payment method is not purely trusted on digital payment. So, first be aware them to how to use and how it's secure.

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Sujash said: (Dec 27, 2017)  
Good morning everyone!

Digital payment is obviously a strong, advanced move from our government. It can help us from those tiredness of those long queues, think of submitting electricity bill or gas bill. Again all the transaction are there can be traced, so no issues of blacking. Definitely digitalization will be adopted in our country if not now, then must be 50years after. Because all of its benefits. But its main fault is our uneducated rural people, who don't have sufficient primary knowledge of there. Government must ensure that they know the process properly. And it is a time taking process. Again there are hackers also. Security must be ensured so that people can believe in this.

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Chandu said: (Dec 26, 2017)  
Implementation of digital payments in India is a very good idea by the government but some how it is not secure because of hackers especially in rural areas because people in that areas are not much educated so they do know about digital payments so they can share confidential data with the people so the hackers will use this data and can easily hack their accounts so government should implement awearness programs to the people about digital payment and about hackers so finally implementation of digital payments in India will improve india's pride a bit level more in technology.

Rate this: +10 -1

Ankit Rana said: (Dec 26, 2017)  
According to me, digitalization of money exchange is secure. But knowledge of real and pirated apps should be given to everyone. It helps to transfer money easily but for this exchange of money everyone should have proper knowledge. Mainly farmers and another working part of our society should receipts knowledge so that they can earn and make money using them.

Rate this: +8 -4

Chakka Meher Praneetha said: (Dec 26, 2017)  
Yes, In the prior days days, it is difficult and time consuming action to perform a transaction as one has go bank and do the transaction but now performing a transaction is just a matter a few minutes. It is because of the development of many applications which are user friendly. When we consider security it is good because when ever we are doing a transaction an One time password is sent to the registered mobile number. But only this is not sufficient to be more secure because now a days hacking and social engineering has been considering as the major problem. So all must be educated well enough that important details regarding to transaction must not be shared with anyone.

Rate this: +8 -3

Gokulkumar said: (Dec 26, 2017)  
My opinion is Yes, digital payments are secure enough to go cashless, 10 years back there were no awareness and technology about digital payments, in that day's people are using direct cash for their payments, like public sector bills (E.B, train) but the population of India is drastically increasing so the facilities must be increased and also it's a time consuming one, people are very busy in the fast growing world the only option is digital payments there is a small lag for this technology in rural areas however this can be improved by keeping help centres for assisting peoples only one smart phone is enough. Coming to security digital payments are not so secure, there is a possibility of hacking. By giving awareness about hacking we can reduce but we can't completely eliminate this.

Rate this: +5 -3

Shivani Panda said: (Dec 24, 2017)  
Yes. In some extent it is. In prior days people generally use cash, debit cards, cheques to settle the transaction but after demonetization the scenario of India has changed people become more aware about the technologies. Digital payments are secure and easy to use. Anyone who know how to use smartphone can use it for eg paytm. It is widely used by people in India after demonetization. India is a developing country and it is a right step to make India a developed country.

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Manjunath G Wali said: (Dec 23, 2017)  
Nowadays the world is going like bullet train so no one is having the time to go bank on and waste the time etc by using digital payment can make the payment very easy and even from long distance.

Rate this: +4 -1

Manjunath G Wali said: (Dec 23, 2017)  
There is no qustion of educated or uneducated, we need to educate the people about digital transactions only.

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Manjunath G Wali said: (Dec 23, 2017)  
I accept all your opinions but I want add my opinion that cashless payment makes the Indian economy.

Transparent and can reduce the glow of black money in the country.

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Altaf said: (Dec 23, 2017)  
Hi guys,

If our country will be digitilized then it will be boon for our country but there some serious peoblem in digitilization that is server down.

Just imagine when all the payment will be done digitally at the same time then server may be down in this way all the payment will be stopped and it will affect all over country so I think first of all technology will have to be made strong.

Rate this: +7 -0

Altaf said: (Dec 23, 2017)  
Hi guys, in my point of view, digitilization is good for our country because time is very important for the youth and this campeign save our important time and if our country will be digitilized black money can also be avoided in this way economy of our country will grow up.

Rate this: +2 -0

Shivam Bhadouria said: (Dec 23, 2017)  
According to my point of view, digital payments are quite convenient and less time-consuming. Also, it is quite easy to keep a track record of each transaction individually as well for the government as well. But I don't think that digital payments are secure enough for India.

As we know that many people living in small towns or in rural areas do not know how to carry out online transactions. So they are easy targets for intruders or hackers. In order to secure digital payments, people from rural areas should be educated on how they can make safe and secure transactions.

Rate this: +4 -0

Ankit Singh said: (Dec 23, 2017)  
Yes, digital payment make an Indian economy to go cashless.

Rate this: +8 -20

Saurabh Goel said: (Dec 23, 2017)  
Digital payments are secured but because of lack of knowledge in people give chance to the intruder to harm and steal important information.

Some of the reasosn are;

- people generally use pirated software.
- use of hacked sites because of lack of Information.

Rate this: +6 -1

Srinivasarao said: (Dec 22, 2017)  
It's my point of view it is 50 :50 chances because of India has educated people and uneducated people. In educated peoples know how to use digital transitions but come into uneducated people they don't know how to use they don't know what have to what don't have to do.

First, the Indian government has to one thing gather the list of uneducated people in urban and rural areas. In every where do awareness of using digital transitions? The officials always tell them how to use. What don't use?

The biggest problem is that the in India educated persons are trapped with hacker hands. They are lost of money because that people are too much trusted fake website Putin their website all details lost of their money.

But awareness programs conducting with not only uneducated but also educated people.

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Deepa said: (Dec 22, 2017)  
In my opinion, digital transactions are more secure and safe. Changes don't change. India is a developing country. To become the developed country we people have to upgrade our selves according to the latest technologies. This is the good thing to upgrade. Digital transactions will reduce robberies. And another thing is transactions made within seconds. So it is also a time-consuming process. Lots of apps are there which made the process very easier for illiterate people too. In our country, lots of illiterate peoples are there. The Government should provide awareness about this technique among them. Then only they know how much advantageous is this. Literate peoples also teach them how to use the apps and how to secure the passwords. So digital payments are secure enough for the Indian economy to go cashless.

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Anupriya said: (Dec 22, 2017)  
Hi everyone, I am in favor of this topic because by digital payments one's knowledge about technology increases, and gone are days when people like to stand in long queues, we want everything very fast and now.

And we don't have to bother about timings of the banks. This thing is increasing the awareness about not cutting the trees in individuals mind.

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Praveen Pj said: (Dec 21, 2017)  
Yes, digital payments are very helpful because we need to save our time and energy, it is also helpful to make India as number one in cashless transactions and it has been increased digital payments after demonetization, so people who are going to do the payments be alert on hackers, please don't share any information regarding bank details to unauthorized persons.

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Arham said: (Dec 21, 2017)  

Digital payments make every citizen easy to pay their bills and expenses.

If we have an overview to this we can say that our country is now growing very advance rapidly in technologies so its helpful to us. But if we look on another side its a loss for us because nowadays it's not safe anyone can access our password by hacking and can able to transfer all our money to their account so it's not much secure for the Indian economy to go cashless.

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N Rajasekhar said: (Dec 21, 2017)  
In my point of view, digital payments are very useful in doing transactions where we can save our energy, time and other extra charges. being an India is a developing country with a literacy rate of 74.04. I think it's more complicated to go through cashless transactions If we can able to give awareness among the people who are illiterate then we can go through cashless transactions.most of the people will not read clear instructions and they trap in hackers hands so people who are doing cash payments should be very careful.

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Maggie Nagendra said: (Dec 21, 2017)  
Digital payments are already in existence before implemented but the usage is low, after demonetization the transactions were registered more in number terms of online transfers, paperless transactions. Compared to China, the digital transactions of India is gradually increasing. Before demonetization, we have strong numbers in cheque transactions and debit card usage. The cardless transactions were secured nowadays by sending OTP codes while transactions were happening. So there is no problem for security purpose but, we have to be careful regarding sharing of details with unknown people.

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Sivakanthreddy said: (Dec 21, 2017)  
It is good to make India as cashless to develop the country and to save the time, if there is a need every one could learn for that need here after making cashless as compulsory every one tend to come to learn how to make transactions digitally, but as well as transactions errors will occur govt need to take action on it.

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Sai Santosh said: (Dec 20, 2017)  
Yes, digital payments are required nowadays to the people, by using the digital payments time processing becomes less and we save time, but proper plans are to be taken that is, make confidential of our accounts.

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Jyoti said: (Dec 20, 2017)  
Hi friends, I am in favour of digital payments and the reason is cash in hands are really a big danger of life now a days,because cash attracts local thief,snatchers, kidnappers. Those types of people always have an eagle eye on others money.So digital payments give us safety from these types of disturbing elements. And our transaction remains in safe corner.

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Piyusha said: (Dec 20, 2017)  
Digital payment is nice step taken by Modi. But it is not completely secure. There are some hackers which hacks our accounts. But digital payments is good for nature because of that we saves paper and also tree.

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Wasim said: (Dec 19, 2017)  
Definitely, by taking some proper measure from a security point of view, we can make digital payment cashless. But going for fully cashless is quite difficult because of illiterate people. There are people who even don't know about reading -writing for them security aspect is more difficult. One we can do make a digital system based on visual /picture to make them understand.

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Shivam Gupta said: (Dec 19, 2017)  
I am completely in favour of this, because of the following positive things :- fast processing, saves times, increases one's knowledge in technology sector, provides the convinence to the customers, helps one's to collect information easily in short in interval of time as while doing digital payments one is able to know about the others methods available to make digital payments (various types of credit cards, debits cards, and wallets available to make the desired payments) and also improves the communication between banks and customers who is going to use the digital payments option. So this is a source of future as well as present needs as this technology of payments is green and sustainable.

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Radhika said: (Dec 19, 2017)  
Digital payment is an initiative taken by our prime minister to make digital India or cashless India. For me it is very good decision because as we known India is an developing country and it has been 72 years of our independence still most of the population of India is illiterate and poor. So if still we think our country's people are not able to make digital payment and they are not able to use smart phones or normal phones. All these bullish thoughts are not putting anything towards development of people of India. But as digital payment as come in India as a weapon to make India a cashless illiterate peoples are also coming forward to learn how to use smart phones and how to make payments. And asking there childrens and friends to teach them also. All these things are developing them doesn't matter how old they are or how much literate they are. As Indian government cannot serve food in plates of people to eat.

Rate this: +40 -11

Karan said: (Dec 18, 2017)  
I believe digital payments aren't secure enough for the Indian economy because there are people who don't know much about the functioning of digital payments can get into any fraud if they wish to somebody get the money Transaction done by somebody else.

Rate this: +11 -4

Shama said: (Dec 18, 2017)  
Digital payments symbolises the literate and developed India. By adopting it we are entering a new era of technologies. Somehow it will save our time. I agree that most of the people are living in rural areas so they will find it difficult to use. Government should conduct workshop to train people in the most easy way.

Rate this: +10 -2

Sweatha Rita said: (Dec 18, 2017)  
Good day, According to me, Digital payments are risk enough. Money is a basic need for everyone. I accept paying and processing money through digital is easy but it involves too much risk. Many theft had occured in recent times through internet. We cannot able to stop it. Our credit card details are gathered by hacker and they misuse them and steal the money. We cannot able to trap the theif or we cannot able to obtain any detail of him. So Digital payments are easy, makes our life simple. But involves too much risk. Everyone run towards the money, many people work day by day for earn money. So makes our money secure and safely, digital payments can be avoided. Thankyou.

Rate this: +13 -6

Pooja Singh said: (Dec 18, 2017)  
Digital payments are trending in the digital marketing which is definitely a good initiative taken by the government as we all know it made our life easier by providing so many features like transparency, fast transactions, removal of queue outside the bank, time saving, 24 hr support no need to wait for bank to open. All the bank related stuff like fund transfer and other basic need like shopping of grocery, electricity bill payment, fee payment etc can be done very easily from home with the help of digital payments.

Although in rural areas people are not very used to it, some of them don't even know how to operate smart phones so there are higher chances that they can be fooled by spam or fraud dealers/company. So, it's the responsibility of youth to teach and aware them about procedure of digital payments and related threats and it's not a big deal it can be easily accomplished by organizing awareness program even it can be a good marketing strategy many telecom companies can organize this kind of campaign and can promote their brand. In it sector lots of opportunities will be available in coming days so employment will also increase as well as economy.

At the end of discussion I want to say that good and bad are complementary of each other and both comes in pair. So, 100% security is no where it's individual responsibility up to what extent he can be secure from threat. We have been seeing lots of situation in our daily life like in travelling someones luggage get stolen, even banks are getting robbed. So, in spite of living in insecurities we should adopt digital payments at least it reduces overhead from bank and makes individuals life easier.

Rate this: +30 -4

Priyanshu said: (Dec 17, 2017)  
In my point of view through digital payment we are entering into the new age of technology, and I think only digital payment is way through which we can have a control over corruption & black money and as far as the time is you will never find right time to introduce something new, literate or illeterate every body can learn this if they try it once, however, government should conduct workshop regarding this in remote areas specially, also make them aware of it's advantages & precautions that should be taken by the users.

Rate this: +13 -3

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

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