Points to remember before you participate in this discussion:
|Adarsh said: (Mar 3, 2021)|
Digital payment is the most important factor these days for money security purpose. By digital transactions, people have no need to go in the bank and stand in queue for a long time, so here I would like to share some pros and cons of digital payments.
1) Digital payments is the method to pay money to any person or vendor via different apps with the help of the internet.
2) Cashless economy is a dream project of the current govt, by cashless economy govt, has a record of every transaction of every citizen of India so it will be fewer chances of corruption.
4) With the help of cashless transaction no need to carry lots of money in the pocket. No worry about lots of cash no worries about looting.
5) It seems beneficial for bank workers to do work in a more proper manner.
1) India education system is improving day by day but right now there is also lots of loop holes in education because without knowing about the cashless economy we can't aware of people about these things.
2) However there is always some fear in the mind of many persons about the security of a cashless economy.
3) In backward areas there is a proper facility of electricity, water facility so how we can imagine a beneficial cashless economy.
4) Eventually govt has to improve internet connectivity in every small village and city and also spread awareness of a cashless economy.
5) Via digital payments lots of frauds doing fraud with innocent people and poor people.
|Ramya Sadha said: (Feb 18, 2021)|
|Yes, I agree with secure of digital payment in Indian economy. Were it is not only reduce the work load but it also provide safety. Not everybody can make a transaction the one who have their VPA can enter into their transaction. VPA is the proper and secure to holders. Where now airtel introduce the digital payment app named airtel safe pay with huge safety measures. The digital payment plays a vital role in the Indian economy.|
|Parmar Parth said: (Feb 7, 2021)|
|I think that it is not secure for the country just like India where 60% of people are not educated. If those people are using digital payment throw any popular app anyway. There are many possibilities for happening fraud with their people. Because of third-person knew that he easily gives his banking information to him then using this information to take money from the bank during this process these people don't know about this fraud. After happening fraud, these people knew that.
Today, many famous people advertise to this type of fraud so unaware people will know and prevent it. So it is not secure for all people.
|Divyansh said: (Jan 27, 2021)|
Digital payment means there is no money in our hands and everything is online. And I think the digital payment is very secure and useful for us. And it also saves our time. As you all know that it is very helpful for us in this pandemic time because of it there is very less contact of people's for money transaction. And it is also very useful when you have no cash or credit, debit card for any payment then digital payment is very useful. There are many apps for an online transaction like phonepay, Paytm, googlepay, Imobile etc. And some peoples are not aware of online payments. And there are many advantages of digital payments so I think everyone should know online payments because it is very useful.
|Tejaswini Botta said: (Jan 25, 2021)|
|1. Digital payments made easy our life to go without cashless. Imagine, you went to a holiday trip with your friends and all the spending is made by you without knowingly and suddenly all of a sudden the money you have bought for the trip is over and you did not carry your debit/credit card or you have forgotten you pin number. Then in that situation it feels very difficult to anyone to ask money from others but we also have an alternate option that is digital transfer, nowadays digital transfer made easy even with our finger lock so we don't need to remember the pin. And it even more helpful for senior citizens because they might forgot their pin at any time but once if the finger lock gets opened then they can happily enjoy their trip easily. So, in my point of view, digital transfer is easy and trustworthy based upon the choice we choose.|
|Sandeep Rawat said: (Jan 16, 2021)|
|Digital payments are secure enough for the boost up of cashless Indian economy reason being India is the 5th largest economy by nominal GDP in the world and have had progressed a lot in IT sector. Keeping in view the large educated population it is the best way for getting hassle free banking services at yours finger tips. It is also helpful in controlling physical movement of money and can save you from theft of hardly earned money. It could be a best way for curtailing corruption from the society. The country like India is not progressing due to large spread of corruption, but due to digital payment transparency will increase. Although security is the major concern in digital payments but now the banks and other digital payment gateways are providing latest updated software under the supervision of RBI and also guiding the public through various modes like newspapers, TV etc. General public is also getting aware of it and using digital payment with precautions. I think its a habit and once you habitual of it, it becomes so easy to handle digital payments. Fast with 24 hrs availability is the beauty of digital payment which the public are cherishing.|
|Rajesh Raushan said: (Jan 2, 2021)|
|1st of all, good morning everyone.
Today's topic is very interesting and important.
As we know that every coin has two face +ve & -ve. But depending on which one is more.
In my opinion, if we have proper knowledge about the digital currency it is best for us. But we don't have knowledge about it then there is too much problem. By digital currency, we can do any payment in a few seconds. By this, we save our time & there is no way of any corruption. So it is better than paper currency.
Thank you all.
|Abhishek Katiyar said: (Dec 25, 2020)|
|I think digital payment is good for our country because in this covid period if we use money hand to hand then it cahnces of corona virus infection so we have learn it and increse the awareness in the urban and specially in the rural sector beacuse everyone have android phone but they don't want to use and they have a fear of loss money and also not a good network in rural I know because I born in village I know everything related to that so cashless is good but with this network, knowledge and awareness is also important thing, so I think it is good and slowly slowly time is changing and it takes time to develop our country it helps people to save time and it is a faster way to send money from one account to another account in a faster, smarter and better way only use android apps and mobile phone so when are fully aware about it so it helpfull for them, safe and secure.|
|Ananda K C said: (Dec 8, 2020)|
|The digital payment was one of the sophisticated systems where ever, whichever we can use easily with lots of time-saving, but we are having still a developing country and we must think that of rural villages which had not had an internet connection, daily wage peoples they just do the very minimal amount of transactions and old aged peoples they don't have proper knowledge about how we mobile phone and all. At last, when we have overcome with All these challenges we can definitely implement a fully cashless transaction in our country but this is not a proper time.|
|Gaurav Singh Karki said: (Nov 30, 2020)|
Digital payment is really very easy and simple way of transaction. But we need to good knowledge about this digital world. We have no any issues related to digital payment If we have good knowledge about online payment.
|Ro Hit said: (Nov 22, 2020)|
Today we are talking about digital payments. It is exquisite for us to go cashless because we can transfer money in any corner of the world in seconds but the problem is that there are still lots of people in India who are not adept enough in digitalisation. So according to me, it's not the right to go cashless, India is still developing in it, it will be challenging for us.
|Harsh Thakur said: (Nov 19, 2020)|
|Hello everyone. today we are going to discuss digital money. Digital money is the type of money in which we have no money in our hand. I will say it good because we are living in 21 century where everything is digital and by this digitalization,that we can save paper and thus we can save trees and can give a better environment to our next generation. And today as you know we are facing a big problem of Coronavirus and it is contagious and by using paper currency we can increase no of cases. So digital payment is safe for everyone as well as the environment that's all it from me.|
|Gargi said: (Nov 18, 2020)|
I am Gargi, in my opinion, In India, it is not the right time to go for a cashless economy. There is some strong reason behind this.
First of all, there are many online websites where they save personal information about the customer like location, contact info, card details. And most of its customer is not aware of that. There is always a data breaches news in media. Recently, that happen with Bigbasket, an online grocery shop. Secondly, In Indian, Aged people and are not that much friendly with digital interference, most of the time they need support from other family members to use a smartphone or make a call. In a case like, if an aged person lives alone in the house, it will be difficult for him/her. In a low-income group, their life depends on daily wages, so, it will be a problem to pay a small amount of money to someone.
Most of the rural areas have an uneven internet connection, so, there is a possibility of being failed in a money transaction. Also, in tribal areas, most of the family have no bank account. And, in the COVID pandemic, there is too much cybercrime related to digital payment or others.
So, in my conclusion, I want to say that there is a need of proper infrastructure and security for implementing the economy cashless.
And Thank you to all of you to drop my opinion. Thank you.
|Sarita Mishra said: (Nov 11, 2020)|
|Every thing have some merits and demerits in this world it is also like digital payment which has made our life so easy we don't have to make any queue in bank, bill counter or any movie ticket counter we easily make payment at one click. But this has led to increase in cyber crimes at peak like hacking of password of customer etc it is good concept but need strict organisation to handle cyber crime so that we can flourish towards cashless economy.|
|Dev said: (Nov 9, 2020)|
Digital transactions are really helpful but it can be prone to hacking and scamming. We should spread awareness about privacy and security first and then ask someone to do what they prefer most.
|Ankit Pathak said: (Oct 30, 2020)|
|I think Digital payments are secure only if we use it with awareness and This is good to go for cashless but the government must make awareness program and the public should take it seriously.|
|Datta said: (Oct 29, 2020)|
|Yes, I think digital payments are secure for the Indian economy because all experts persons are knows about its merits and demerits and how we transact on it.|
|Datta Dhakane said: (Oct 16, 2020)|
|Hi, I'm Datta.
Digital payments secure enough for the Indian economy to go cashless only if we youngster actively participate in awareness programme and targeting same with the illiterate peoples, villagers, senior citizens up to the ground level and boost their confidence. If we all feel it is safe and accurate then digital payments are obviously secure, because digital payments are our future we all must accept it and to do better for tomorrow.
|Gayathri Ramesh said: (Oct 15, 2020)|
According to my opinion, this is the most amazing idea also one of the greatest methods to develop our country.
Although, 1/4th of the people in our country is uneducated and unaware of using digital payment. But we can make an app which is having animated symbols or characters that guide them to go for digital payment.
Initially, it should be an optional method like now but after some days it should be a compulsory method.
|Yati Gupta said: (Oct 13, 2020)|
Digital payments are very helpful to us. But it isn't always safe always. There are many cases in which the money gets deducted during fraud/spam transactions. This mainly occurs due to loss of knowledge about the same. Firstly the government should start some campaigns for the people who don't know about the topic mainly in a rural area. For me, it's a boon and bane both.
|Shalini Sharma said: (Oct 7, 2020)|
|Digital payments are indeed the best way to pay your bills as you don't have to go anywhere and with just a click your bill will be paid. But as everything has its pros and cons we should not forget how risky these transactions can be sometimes. The account can be hacked or the transaction from fraud sites may empty your account balance. So while doing transactions you should have adequate knowledge of the particular site. In India Digitization has recently been introduced so many of the people have inadequate knowledge. But as every new thing takes time to grow. We want our country to grow but at the same time, we don't want to adopt new changes.|
|Mohit said: (Sep 24, 2020)|
Didital payment most important of the India country because we can do this for money transfer to easily digital payment it's easy and its must for Indian people carry out in our hand money it's not good use in a online payment the India has to less then people educated.
|Dinajae said: (Sep 21, 2020)|
|For my opinion, cashless India is good, but there are some challenges we need resolve the problem. It is not overnight cashless is not possible slowly step by step we need to move towards cashless, and people who are educated at least they can start cashless Transaction definitely people can learn who are illiterate also. And one more point we need to encourage people who are doing cashless.|
|Himanshi Chouhan said: (Sep 16, 2020)|
|As of now, we all know the digital payment is raised especially during this Pandemic and lockdown, but it took a time to go cashless totally because in India still a lot of portion of people belongs to rural areas though they are aware of the digital payment system the network issue and security issues are also there which are the major hurdles in a cashless economy. We need to improve the network connectivity first in rural areas and create awareness of this digital payment system and how can we easily use this system because it is safe as compared to carry the cash in hand and how we can access this at any time and anywhere (24/7).|
|Anshu Raj said: (Sep 12, 2020)|
According to my opinion, India is not ready to cashless because in a remote area many people don't know.
Indian economy is a decrease in today it's is very worst situations of the Indian economy. The only urban area is ready for cashless but not more people.
|Yukti said: (Sep 6, 2020)|
|Digital payment is a type of payment in which cash is transferred to another account digitally. It has its own advantages and disadvantages. It saves people time and it is quick and easy in nature. In India, internet connection is not available everywhere and without it digital payment is not possible. In rural areas, people are still aware of this payment process. In digital or online payment, there are cases of fraud and hacking which makes people scared to use this mode of payment but this happens in very rare cases. People should be aware of the digital payment like they should never share their OTP, pin or password with anyone. Security issues by online payments applications should be increased. In my view, the cashless economy is a big challenge for the country.|
|Suyash Jain said: (Sep 4, 2020)|
I want to put some points on my opinion.
First is India is not 100% ready to go for cashless as some part of the population of India is still uneducated or we can say that you are aware of digital payment. So, the chances of doing fraud with them are very high.
Secondly, there are many businesses or small shops which today also depends on cash so changing to cashless will impact to their business and middle-class and poor people can hit by this.
|Anupam Kumar said: (Sep 2, 2020)|
|Hello to everyone,
According to me, India is still not ready to go 100% cashless. If we talk about cashless transaction then first we should have a look upon the literacy rate of India, which is only approx 74%. With this literacy rate are we even supposed to talk ar discuss in this topic. But there is a catch, we can still make digital payment cashless by making an app that's united all over India just like an Aadhar card which is mandatory in each and every phone for cashless payment which can be made fully protected. The app should contain visual symbols so that even an illiterate can understand or we can give tutorials to the older generation via youtube or anything. These are the basic fundamentals for making India cashless.
|Pallavi said: (Aug 27, 2020)|
|As pert my opinion, INDIA is not developed to impose a cashless economy. We just thinking about city, but still, more than 60% don't know how to use a debit card (even some peoples in city) and many villages not even provided electricity connection till date. Without considering rural peoples speaking about the cashless economy is wast.|
|Pratip Banerjee said: (Aug 24, 2020)|
|First of all, India does not have internet connectivity or the right speed of the internet which drives the digital payment gateway. So, in India, digital payment gateway uses only urban area which is very limited. Then, if someones have a smartphone but he did not know that how to digital payment or something use it. In India, approx 60% of people did not know that atm pin is not shareable things so bank fraud via the internet happens. To secure digital payment and to enlarge its range at first need to learn how to use it. In my opinion, even now digital payment is not secure enough for the Indian economy to go cashless.|
|Pallavi said: (Aug 22, 2020)|
|DIGITAL PAYMENT SECURE INDIAN PEOPLE TO GO CASHLESS BUT first of all we have to remove problem which is already faces our people's (current, water, education, corruption etc. ) and government should give some training to all people and they know about how to use because of this will give so many benefits to India like our GDP also increase and you have to take loan easily and so many things.|
|Jaya said: (Aug 18, 2020)|
|According to me, I can say it's not enough for the Indian citizen because here it will be very city to city as example Delhi, Chennai, Bangalore, Mumbai ect metro cities can manage to a digital payment that can be cashless economy for the city because as we Indian our backbone is agriculture. So our farmers lived in rural areas till the time our farmer not able to get water on time and some time network issue and almost our farmers are not fully educated so it may difficult for them to do transactions its. And for digital payment need android mobile our rural areas people not affordable for everyone. There is lots of problems in India.|
|Rohan Bhardwaj said: (Aug 9, 2020)|
|Hello Everyone, In my opinion, the digital payment are not good for the Indian economy because most of the rural area do not know about the digital payments and in the rural area always there is a always a network problem and in the digital payments network problem is a very big problem and.
In most of rural area many of the people do not have a bank account.
If we talk about young generation then we easily go to a site like if we want to book train ticket then we go to the IRCTC site and securely book the ticket but if we talk about old generation then he goes to any site and wants to book the ticket which may compromise the data.
So, according to me, digital payments is not secure right now for the Indian economy.
|Prachi said: (Jul 22, 2020)|
|I think digital payments are not secure enough for the Indian economy to go cashless because there is a lot of issues mostly in the rural area where most of the people still struggling with network issues, there is lack of awareness about digital platforms, lack of information how to use them securely, how to avoid fishing mails, links, etc. Even in some of the area, people don't have a bank account.|
|Marie said: (Jul 15, 2020)|
I think digital payments are not secure because nowadays hackers play a key role in online networking besides this in rural areas people are not aware of this digital payment and no smartphones at all. But there are some advantages of digital payment like there is no issue of fake money.
|A. Sasi said: (Jul 7, 2020)|
|When we pay digital money for all primary and secondary products for consuming. While digital pay have proper bill and tax payment and other regulation of goods consumption act. So there no hoarding of money. The sales centre's are definitely pay the goods and services tax.|
|Mandy said: (Jul 3, 2020)|
|Hello everyone, my name is Mandy.
We are using digital payments for a variety of things like paying electric bills, paying EMI's, purchasing from online sites. If we make payments in big platforms like Amazon, Paytm, airtel, then we don't have to worry because those sites and interfaces are very secure and there is customer support available if anything bad happens during a transaction. But small sites are not that secure. The older generation lacks knowledge of making secure transactions. For example when the younger generation wants to book tickets then they will go to sites like Paytm, or Redbus, but when the older generation try to book the tickets they will type bus operators in the google and they will go into any random site which may compromise the data.
|Suthar Jami said: (Jul 1, 2020)|
|From my point of view, I think India is presently not ready to deal with digital payment and make the country cashless. Still, most of the people have strongly believed in a cash transaction. For example, if we want to pay any amount in metropolitan and cosmopolitan cities like Delhi, Chennai etc in India through digital payment that is acceptable I mean we can easily pay through digital mode. But on the other hand, if we go to the rural area in north and south states than we will face the problem. Especially if I am taking the example of a rural area in Bihar, Jharkhand and Uttar Pradesh. There are no changes in their thinking towards digital payment it may be because of lack of awareness, lack of infrastructure, digital communication and other digitalization. If we are talking with respect to economy dan the main reason is -most of the people depend upon primary economy i.e. Agriculture and they have strong faith upon cash payment because lack of education they don't know how to operate the digital mode.
And technology is still developing to make it more secure that's why I think digital payments are secure to go Indian economy cashless.
|Raj said: (Jun 30, 2020)|
In my opinion, digital payments are not secure enough for the Indian economy to go cashless.
I will explain how to point wise.
* Digital platform has the highest risk. Hackers hack into your server through the network and can steal your bank related data.
* Many frauds are being done to the people through the network.
* Digital payments are not as secured as cash payments.
|Soubhagyamayee Khuntia said: (Jun 10, 2020)|
|Hi guys. I am Soubhagyamayee.
Thanks for finding this type of opportunity to express some point regarding this topic.
1st of all we know what is the digital payment? digital payment is based upon network system totally. Without a network connection, we can't do it easily. For digital payment, we must have an A/C with any bank.
Now we all are using digital payment through Google pay, phonepe and paytm also. In this process. People have no need to go bank n stand in a queue and wait for a long time. For a small transaction. And to waste valuable time.
In this process, people can easily transfer money from one A/C to others. From any place and at any time. There is no fraud because we have a proof of transaction. And our money is fully saved. In our A/C but every pros have positive & negative side also. Am not against. But it is difficult for old people. Because they have no idea about all this and for this, we must have a smartphone but it is not available among all. This is a big problem nothing else. So for digital payment. Govt should take responsibility to teach people about this. And also the use of it. Basically, who have no idea. Nothing else.
Thank you all.
|Divya said: (Jun 1, 2020)|
|HI Friends. , I am Divya.
In my point of view, Digital payments are a secure and time-saving process. Nowadays we are spreading the virus through cash by hand (COVID19). So through the online transaction, we can decrease the virus. Banks have a time limit to do a transaction, but by a digital transaction have no time limit, we can transfer and receive money at any time and from any place. In some rural areas are facing problems of digital payment, But we should know bout one thing no one has knowledge by Born. So, life is a journey of learning. If we learn, we can move otherwise we can't go through the world. Educated people have to demonstrate about the digital transaction in rural areas. Thank you.
|Mark said: (May 18, 2020)|
|In my opinion, digital payments are not secure enough. In support of my opinion there were many frauds, robberies happened, when people have been using it. People are victims in the case, as intelligent cyber criminals are playing it safe and ease.
As it is very much productive by saving our time and energy, going cashless is always helpful.
Digital payment apps are playing a key role as we can do money transfer within minutes from anyplace if we have internet connectivity. The another feature is that we can keep track of our bank account i.e, we can check balance amount, block the atm card if it was lost.
|Shubham said: (May 16, 2020)|
I would like to support the statement that digital payments secure enough not only for the Indian economy but also the individuals health also.
The idea of digital payments was introduced in India by the government in past, but now a day's we are able to realize the importance of the same. Now people are thinking a lot while recieving mony by hand jut because this COVID19 problem. So while doing the online transaction we can stop the spending of disease.
|Ragini Gupta said: (May 15, 2020)|
|Hi guys I am Ragini,
My point about digital payment is most important of our daily life. Through which we can easily very easy to transaction anywhere. But still now face to more and more problems someone. And they are alway worried about their money and so they are no use to digital payment and they think cash hand transaction instead of digital payment. Spacially rural area more concerned about things. Still Digital payments are work is best in urban area but not work in rural area. Still small business men not use to bhim app pytm and ect. Digital transaction.
|Rohit Telang said: (Apr 19, 2020)|
|In my view, digital payments are the most useful for doing transactions as it saves our time and the crowd in the banks.
For doing international transactions it is the best way for businesses, for local vendors we are using options as phonepe and paytm, and as technology is growing it's quite easy for us to secure it.
We have seen very few cases where the transactions are failing and it is not secure, still we have right to complain and ask about our money.
As people are getting more wise in going cashless it's benefiting India.
And technology is still developing to make it more secure that's why I think digital payments are secure to go Indian economy cashless.
|Pranav said: (Apr 18, 2020)|
|Digital payments are safe until we keep safe. Otherwise, the process that we are not aware of can cause financial harm. But seeing other direction we can say that Indian is on the way of digitalization.|
|Krish Tripathi said: (Apr 2, 2020)|
|As we must know that our country today has the world's 6th largest economy, we must now go cashless.
Our country and the software engineers are doing their best to make the digital transactions safe and secured. In most of the payments OTP`s are used.
We must make the Indians aware of the safety precautions to be taken while doing digital payments.
|Suman said: (Mar 17, 2020)|
|It is not just about illiterate people but many literate people also do not show interest in digital payments as they are not confident about it. They are unable to trust digital payment apps as they have heard about so many scams and frauds. So firstly, the government should sensitize people at the ground level to make them confident about digital payments. In my opinion, digital payments are secure enough for the Indian economy to go cashless but it is only possible when people will become sensitized and confident about it.|
|Sahil Thakur said: (Mar 8, 2020)|
|Digital payment is not only good for us but also for our nation's development. Our nation is one of the biggest nations in the world and for this if the nation there is a need for big networks and digital payment is one of them. The only thing government should do is to take some relevant measures to teach people who don't know how to use it.|
|Prasanna said: (Feb 27, 2020)|
Here digital payments thought is very good.
But once think about people who are live in villages and they not even know what is digital transactions in that case there will be a huge problem for them.
First mainly the government as to trainee the every individual about digital payments and then they can start the method.
And also there is a problem with internet connections.
|Sailuu said: (Jan 27, 2020)|
In my opinion, digital payments to go cashless is a very good thing to use. In our society, every man or woman earn money with hardwork so mainly the rural people are mathematically run their lifestyles so they won't be able to spend money easily, for example, they go by auto to somewhere they have 20 rupees but charge is 15 rupees they didn't have change and auto driver also didn't have change so here the excess money credit to auto driver but debit to the common people. For those illiterate or common people or rural people must want this digital payment then they save money easily. Some of the people think there is most from things done this digital payment but the government increasing more security alerts so we didn't have any problems for using this digital payment.
|Vikash Singh said: (Jan 26, 2020)|
|Yes, I think digital India is enough for the Indian economy to go cashless but point is to implement in a more effective manner in which less educated people can also use their transaction by cashless mode eg Paytm etc govt should acknowledge people in about important of cashless. In a rural area, people should use the cashless mode of payment as imperative. Then only we can say digital payment is enough to Indian economy cashless.|
|Shivani said: (Dec 20, 2019)|
As the question is about secure payments, the apps provided for digital payments are not completely secured and also there are risks of frauds and cyber attacks. Talking about the citizens of India most of the citizens are not aware about digital payment methods and would become the victims by fraud people. So we are not ready now to go cashless.
|Ankesh Sinha said: (Dec 18, 2019)|
|Somehow it is possible for the hacker or say cheaters who fool the common person of India (i.e) who is not aware enough about digital payments. Day by day there is increasing demand for digital payments across the country to complete the digital India dream but limited to cheat and frauds.
It is necessary for the government to take necessary actions to resolve the root cause of online frauds.
|Shazen said: (Nov 22, 2019)|
In my opinion, India is heading towards digital payments. The use of digital payments have increased in India in the last two and three years.
But the most important point is "are digital payments secure enough for the Indian economy" I think still there are many things to do in order to make digital payments secure enough to go for a cashless economy. Although, there are many security features in place while doing digital transactions. However, in recent times we came across many breaches, thefts, and frauds. So it can be said the use of digital payments/platforms does not secure enough so far.
In India, most of the population lives in rural areas and they are not confident enough to lose their hard-earned money to waste. There is no doubt about it that internet connectivity has reached every corner of the nation but there are lots of elderly and illiterate citizens of the country who are not aware of the functionality of digital payment modes. The lack of awareness is due to two main reasons.
1. Lack of awareness.
2. Highly secured digital platforms.
I think the above two reasons contribute a lot. These are restricting to the Indian economy going fully cashless. In cities, peoples' literacy is too good to understand the benefit and need for digital transactions. On a daily basis, we see a lot of Apps are providing a very good offer for doing online transactions that encourage people to be part of digital payments.
So, in conclusion, we can say India is not ready to go for the cashless economy at present.
|Avi said: (Nov 17, 2019)|
|In my opinion, digital payments are not enough for the Indian economy to go cashless at least untill before creating awarness among people because in India most of people are not very much aware of digital things. India is one of biggest user of mobile phones in spite of this most of people are using it only for communicating with each other or use it in very light manner but when we talk about cashless it means everythings i.e. money hence before going cashless government should aware people about how to do secure transaction or how one can secure ones smart phones and more things.|
|Riya said: (Oct 3, 2019)|
|In my opinion its not secure for the Indian economy to go cashless. Its true that payments are done easily through digitalization. But when it comes to rural area, they are not aware of these kind of online payments and they don't feel secure, they still believe in banks. By the recent survey most of the phishing attack happen in India. More steps to be taken to make the transactions more secure.|
|Priya said: (Sep 27, 2019)|
|In my opinion, digital payment are secure. Digital payment is saved the time because you can and transaction the money in other bank accounts very easily and big amount of money you can easily transfer nowadays maximum people are using paytm, phonepe and with the help of application easily transaction money two other people and bank account.|
|Diksha Jain said: (Sep 8, 2019)|
|I think just digital payment can't create a cashless India. Digital payment can only be applied when there is financial inclusion of whole country everything thing has its pros and cons but just because of its cons we can't deny the idea of digital India. Digital transaction save our money, time. Our government can show us the way through which we can solve the problems but initiative must be taken by us. We can see we have more advantages than disadvantage by cashless transaction.|
|Prachi Prabha said: (Sep 4, 2019)|
|Advantage- digital payment is secure and easy for the transaction. We say that time is money so during payment no time is required. You can not take large amount of money with you but through digital payment, it happens. We can also save money from thief. Digital payment is more secured through OTP (one-time-password) and biometric. It also reduces corruption.
Disadvantages -our most of population are depended on agriculture in fact 65% so they are not aware of this system n they are not educated. In fact, they think that it's not trustworthy, so they go to the bank and deposit or withdraw their money. As the report, the most phishing attack is performed in India. There are various apps are used for payment, paytm is one of them, everyone is aware of this app, the app is made by China. A/c to economic parameter world war 3 would happen then they can withdraw all amount through the app, so India becomes helpless's.
|Saurav Suman said: (Aug 22, 2019)|
In my views, Digital payment is very secure and easy for the transaction of money.
But I think India is not ready for the digital transaction because it is very difficult for those people don't have an android mobile and also for those people who are uneducated. In a rural area, we can see that people do not believe in the digital transaction because of fraud.
Even now some people go to the bank and they deposit or withdraw in the bank. Because they trusts the bank, not in digital payments.
|Gaj said: (Aug 18, 2019)|
|I think India is not ready for the digital transaction because it is very difficult for those people don't have an android mobile and also for those people who are uneducated. In a rural area, we can see that people do not believe on the digital transaction because of fraud.|
|Swati Jha said: (Aug 18, 2019)|
|Hey, everyone, this is Swati Jha.
According to my opinion, digital India launched with a vision of digitally empower each and every citizen of our country. The foremost challenge is to increase digital literacy in the country. I just want to say that India has already progressed enough digitally but we can't say this is 100% secure because every thing comes with some pros & cons.
Cons are it's difficult to access everything online for those persons who are not aware of internet and technology that much n also for those who live in rural areas and thought that these are totally insured. But if we follow the set of rules & guidelines that need to be followed to stay secure with online transaction then I must say this is not that much difficult to tackle, and also awareness plays an important role when it comes to the online transaction it's our responsibility to being more alert n also aware others. It is also essential dt people upgrade their application from time to time when a new update is available it also help to improve security level. If we do this then I think the Indian economy is ready to go cashless.
Thank you so much.
|Siran said: (Aug 11, 2019)|
|In my point of view, India is not ready to go 100% cashless because of the undeniable facts like poverty in some part of our country and also uneducated people lack awareness among them. They actually don't know how to use the servies and their terms and conditions. According to the report of the Qualcomm which is one of the American chip maker company, there is no Indian e-wallet company is providing hardware lever security which is a key factor of cyber theft. There is also a network and bank server issue in some region of our country. Although as we see from 2005 to 2019 there is tremendous increase in digitalization digital payment is nowadays is easy and fastest mode of transaction it kept all the end to end information of data whatever is send is received or not but we can't deny the fact that it is mostly applicable in urban areas where people are educated and aware not for the people who struggle hard to survive their daily life.
Yes, digital payment is safe nowadays but India can't go 100% cashless because of its rigid undeniable facts.
|Pawan Bachate said: (Aug 10, 2019)|
In my opinion, this is the current relavance topic. I would like to say now India is ready for 100 % cashless transition. But the problem arise here is all digital process is enough secure. There is no doubt that is time consuming, fast process but some people specially uneducated don't have knowledge about that so first upon we need to try create general awareness in people through arranging special workshop & training.
Even that we can't do 100% cashless because in the Eastern state have problem of network. And many time bank server problem also. Government should give guarantee of security because nowaday's cyber crime is one of the biggest challenge of the digitalization.
|Maneesh Mishra said: (Jul 24, 2019)|
|In my point of view, considering Indian geographic condition, India should not go with 100% cashless without educating the people about cashless payment. India is an agriculture based economy, where most of the people live in a rural area. In a rural area, they don't believe in online mode payment. There are two reasons either they don't know online mode payment or don't believe in the security of payment. India has a large population, as well as some area like UP, Bihar, Odisha and northeast state, have not a good network. I am not saying that cashless mode is wrong, it is very fast, less time consuming and provide 24-hour service as well as we should also keep in mind its side effect.|
|Rajneesh Mishra said: (Jul 22, 2019)|
|Good afternoon everybody.
My name is Rajneesh Mishra.
Today, I am here to talking about cashless economy. So, according to my point of view, I m favour with a secure point because our government going to digitalization and its a good achievement for us. But in the present time it is working in cities and they all accept the digital payment but in rural areas they not aware with digitalization I m not talking about all rural person but most of all people don't believe in digital transaction, he thinks that is not secure, so government should launch some scheme about how to aware the people towards digitalization.
And the second thing the e-wallet company should secure our system more because hacker finds the different ideas to hack the system.
It's all about my view.
|Saiyad Faizan Ali said: (Jul 4, 2019)|
|In my opinion, India is not ready for going totally cashless.
1. As per the report revealed by Qualcomm which is an American chip maker, no Indian e-wallet company is providing hardware level securities which is one of the most essential factors for preventing cyber theft. It also provided the solution by revealing that it is working on its chip in which many new modifications will be made to ensure the prevention of such attacks.
2. RBI, which is the leading operator of Indian economy has still not provided mandatory guidelines for the e-wallet companies.
3. As per the report, the most phishing attacks are performed in India.
4. In the states of UP, Bihar, Odisha etc there are no proper facilities for digital payments and people still believe in cash transactions.
|Chandra Kant said: (Jul 2, 2019)|
|I think that India has progressed enough digitally to agree with this topic. We can not say it is 100% secure as we can not see how it is happening digitally like magic so keep on transacting online as there are cyber crimes happening I have heard of. We need to consider and support online transactions with security precaution and care. In fact renowned banks like SBI, Axis, BOI are having a partner company naming cpp India for the security of the credit and debit cards of their costumer on insurance. I think it can be made up to by our little efforts which can make old and needy people understand that it is very easy and secure to go with. We should give them a Demo how will it work. That's all very soon we will be totally in digital currency.|
|Chandradangwal said: (Jun 11, 2019)|
|Hello good afternoon everyone.
I am in favour of the topic. Digital payment is very secure and easy for the transaction of money.
It saves ous time.
It is also a step of digitalization for our country.
We also can save our money from the theft.
And we are able to check the bank balance at any time and anywhere just with the help of our mobile phones it is really making our life easy because the transaction of money is important for everyone life.
We should accept the system of digitalization.
It also resolves the problem of change because when we are going to any shop there is a lack of changes should the shopkeeper forcefully give some other thing in the exchange of money.
As we all know that we have to change something in the system like awareness the people who are not educated how they got to know to use of digitalization. Supporting to us what are the main things should have to be changed.
There are some basic suggestion for me to changing the system of the things which make us easier to all the people for transaction money as digitalised.
First of all the app developers design the easiest pattern for the transaction also give the facility of language like in Hindi or maybe audio by which uneducated person also can understand how we can transaction the money with the help of our mobile phone.
My second opinion is that the government should do some door to door campaign and advertisement in the television audio advertisement in radio also by the help of newspaper articles drawings for how to transaction is easy. Because we all know that we the Indian people are very attracted to the things of television send you the product because of their advertisement in the television So, As the same process utilisation payment transaction should be used by the all people.
So, I conclude my points we should take the step of awareness by the help of television advertisement for the transaction and make our India economy to go cashless and one thing also I want to share everything has their pons and cons. I listen to someone says it is not secure because of the hackers so as the same if you take your money in the wallet also be not secure by the theft.
|Atul said: (Jun 9, 2019)|
|I think there is no one who can say that India is not ready to deal with digital payment. We are here talking about the country who is establishing their own space satellite in the moon and according to my point of view India is ready and can set an example for corruption free transaction. Nowadays we can easily pay money to vegetable market as well as in the mall without the loss of a single paisa. Earlier we have seen that if they don't have to change we were forced to buy chocolate and vegetable forcefully but now we buy what we want.
And I summarise my point that India is ready but the customers are not ready to get the advantage of that.
|Ragav said: (Apr 29, 2019)|
|In my opinion, digital payments are growing to be secure in many ways. Apps such as google pay, phone pe offers payments between any bank A/c, 24/7 monitoring is done to prevent any unauthorized access, Bhim the government provided app for upi fund transfer is also taking measures to be secure day by day. We cannot just load all the cash digitally and move to a remote place and buy goods there it is difficult without some cash in our hand for example- paying for street foods, in small puncture shops as they don't know what digital payments are they need money cash on their hand. I don't say that digital payments are insecure govt should educate people on digital payments and make them understand the use of it, by this if digital payments reach every nook and corner of India the govt automatically take steps to make them secure.|
|Anand said: (Mar 23, 2019)|
|From my point of view, I think India is presently not ready to deal with digital payment and make the country cashless. Still, most of the people have strongly believed in a cash transaction. For example, if we want to pay any amount in metropolitan and cosmopolitan cities like Delhi, Chennai etc in India through digital payment that is acceptable I mean we can easily pay through digital mode. But on the other hand, if we go to the rural area in north and south states than we will face the problem. Especially if I am taking the example of a rural area in Bihar, Jharkhand and Uttar Pradesh. There is no changes in their thinking towards digital payment it may be because of lack of awareness, lack of infrastructure, digital communication and other digitalization. If we are talking with respect to economy dan the main reason is -most of the people depend upon primary economy i.e. Agriculture and them have strong faith upon cash payment because lack of education they don't know how to operate the digital mode. Ok, I m giving my experience, two months ago I was in Bangalore and everywhere I paid through online transaction bt, just two weeks ago in my home town Asansol I went to repair my mobile and at last I wanted to pay through online but not accepted by the shopkeeper the reason behind this because of security they did not believe in digital transaction or, we can say lack of awareness. So, it is my perception because of that I think at present India is not ready to adopt cashlessly. The best solution is to aware the people, educated them at least up to a certain level on which then can think about the benefits of digital payment.|
|Mira said: (Mar 9, 2019)|
I totally agree with this topic. Now we are living in 21century and we had faced many changes in technologies cashless payment in my view is one of the great achievement. People can carry a large amount of money in android phone and can be tension free. I think digital forms have high security. Its risk free also. Today India is said as digital India and in coming days our country will totally convert in digitalized.
|Shweta said: (Mar 5, 2019)|
|I'd like to go in favor of the given topic. With new age times, new age technology is coming and and we all need to update ourselves with the changing times. In order to move forward, we need to switch to digitalization as it serves a lot of purposes. Making digital payments online, would eliminate the need of carrying money personally, which in turn would reduce the petty crimes that happen on a daily basis like theft of wallet and etc. , thus reducing crimes also. Digital payments saves time also as we don't have to stand in long queues waiting for our turn. The only problem that I see as a con in digital payments is that it is still not a very secure mode of payment, since it is always under attack by hackers. However, digital payments have more pros than cons, hence I stand in favor of it.|
|Piyush Tyagi said: (Feb 22, 2019)|
|I think the digital payments are very helpful in making transactions however these payments gateways are prone to hacking which they claim is not, however, continuous improvement and upgradation in technology are required to keep the best for use.|
|Prakriti said: (Feb 19, 2019)|
|Good evening friends,
We all are heading towards digitized world which is making our life easier and easier but do we exactly know that it is secured enough to rely on it. According to me they are using hardware level security which is mandatory for secure online transactions, if we are aware of the little little points which is prescribed generally which we ignore usually to stay secure so its not very difficult to stay secure with digital payment system. Its our duty to be upgrade or update our application when new version with new security and facility available. These digital payment are secured till we are alert on digital security and make other people aware too. It should be rectified on a daily basis and improvise continously otherwise India as a cashless society is a 'dream'.
|Chinni said: (Feb 14, 2019)|
|Unless and until we share our password and OTPs this is going to be very useful in many cases through digital payments. It has become easy for any amount to transfer, payments, recharges. Etc at any time securely.|
|Abhishek Jadhav said: (Feb 6, 2019)|
|Yes, I'm agree with the given topic that is *are digital payment secure enough for the Indian economy to go cashless*.
Nowadays we all uses smartphone and we are very well connected with various technologies. Such as Google pay, Paytm, bhim. Phone pay. One thing we all have to remember these all apps have very good security. If you don't share your password with anyone then there is no risk.
|Tangled said: (Jan 29, 2019)|
|Good evening friends,
Now the given topic is: "Are the digital payments secure enough for the Indian economy to go cashless". These days every thing is going in digital form, we may get a situation to pay money. At once what we can do, nobody will help you, particularly in financial aspects. Hence there is no need of carrying money in all the situations like a smart phone. Nowadays every individual is having a smartphone so if you are carrying a smartphone, it could mean you are carrying all the belongings related to you. Where ever you are? Whatever you are doing is not necessary. You can comfortably pay the bill or transfer money easily with secure payment through online banking and net banking.
As this method is completely based upon our profile. We should not share our personals with anyone that is the main drawback for these online payments and net banking. Cashless payments provide high security for the users. If we follow the right way then we can make our India as a "Digital India" & also it is the time-saving process, we no need to count the money. Every coin is important because we are earning it so it is responsible to know how to spend the money. For suppose if we are paying the amount by cash, We may not have the chance of getting the remaining amount but if you go through the online payment method where we can get the remaining amount back.
|Rajdeep Roy said: (Jan 29, 2019)|
|Every form of payment systems has some form of risk associated with it.
Take for Eg. Payment by cash, it has a risk of theft, robbery, damage of currency notes, use of fraud currency but regardless of all of that we use it as a medium of exchange due to the huge benefit of money being easy to carry, widely acceptable and availability in different denominations.
Likewise, cashless payments have a huge risk like cloning of cards by fraud machines, hacking of bank accounts, stolen card details and OTP. However, all these risks though very grave can be avoided by awareness of cyber crimes and by being careful.
Therefore, in conclusion, I would say that though cashless transaction has some risks associated with it due to the huge benefits, we must work towards a cashless society as well as continuously work towards making cashless payments more secured to the growing skills of fraudsters and hackers.
|Chetan Patil said: (Jan 26, 2019)|
I think digital payment with trusted payment gateway is good for the Indian economy to go cashless because see to remove corruption from the country we have to take our steps towards cashless India. And for that we have to implement all possible resources that will help us in implementing cashless India and secure digital payment will play a key role in that.
|Charles said: (Jan 22, 2019)|
|No, digital payment made our work easily we can even pay at midnight and we can recharge a distance relative phone from our palm device. Its having few negative sides that it.
1. Less Security.
2. No Awareness for an uneducated people.
Even though there is SSL certified site which blind hackers eyes but still there is a possibility to hack our details. There is no 100% guarantee for the secure online transaction!
Secondly, there is no awareness for using this online transaction. Hacker cheats people by saying they are talking from particular bank as manager and ask their ATM card number by saying its lock like that and also cheating by sending OTP as their security code and stolen more than thousands of rupees from poor people in one day. So for the secure cashless nation, we need to bring awareness to all people and then implement new technology which avoids money loss.
|Rakesh said: (Jan 14, 2019)|
|Yes, Because in this country have a big population and we need a big economy, making digital payments is secure in India because very strict terms and conditions of Indian government on Banks which are member of RBI in some area fraud apps and local banks are miss generating public by cheating them so in this India everything is secure and banking also very secured and this is helpful to save the time of public and they are using their account by themselves only and each transaction will be recorded and auto-generated messages by banks I think digital payments have enough secure.|
|Neha said: (Jan 5, 2019)|
|Digital mode of payments are not only time saving but it also reduces corruption and many more crimes eg: theft, loots etc. As an example I would like to mention that earlier scholarship to students were being given to the student by cash to which many times the student could not assessed as it was getting finished in the middle of the journey. But now a days due to digital payment all the student are getting their scholarship. So we can say that it reduces corruption. On the other hand, it has encouraged cybercrime. Nowadays it is very common for getting a call and being asked for atm card no. And atm pin no. To which people who are not aware of such frauds become a victim.
So, I would like to say that the digital economy is good for those who are educated and aware enough and follow precautions. They can go for digital payments as there is no such good time to go cashless. But for the people who are not aware and educated enough should go through cash. So instead of cashless, I would like to suggest less cash society. In fact, all the people should have a little cash in their hand since network cannot remain good in all the area for all the time.
|Niraj said: (Dec 30, 2018)|
|If you are aware of the types online threat lurking in cyberspace, you can guard yourself against most financial frauds. Here, only awareness is the key. Follow all the safety norms and you are good to go. There's no such good time for going cashless. Threats are present today, they'll be present tomorrow. Need is to keep yourself updated and know what to expect. Here's a Pro-tip: Maintain a secondary account with just the amount you need to carry out online transactions. This way you keep your primary account beyond reach, in the event you're a victim of online fraud.|
|Gopi said: (Dec 6, 2018)|
|Digital payments save time, energy as well as paper. There is no need to carry liquid cash to everywhere which reduces the tension of theft. No need to waste our time in banks as we can do all transactions within a minute all by ourselves. There may be a problem of hacking which is to be overcome by providing advanced cybersecurity. Special departments and laws should be set up to reduce cyber crimes. As per current statistics, only 33. 2% of the population comes under Urban category what about the poor people they don't have the education or good network to get used to digital payments. Proper education should be provided and all fears and doubts on digital transactions are to be cleared in rural areas. The government, students, banks and, media all should come together to bring a change.|
|Abhinav Jha said: (Dec 3, 2018)|
|Yes. I agree that digital transactions are secure and there are so many benefits attached to it but instead of cashless economy, I would rather suggest for less cash economy. We can't ensure that everybody in the country will get used to digital payment. So small denomination currencies should always be in circulation so that people in the rural areas and older people can transact easily.|
|Pradeep Vg said: (Nov 16, 2018)|
|I think the digital transactions s necessary for our country. it reduces the time and also we can do transactions at any place and time, all those UPI banking apps are encouraging by providing cashback offers through OTP so that we can have extreme protection for our transactions. but this is only suitable for educated people. some anti-Indians are made use of this illiterate peoples and get their bank details and cheat them. so the government and banks should give proper awareness to peoples on online transactions.|
|Min said: (Nov 14, 2018)|
|Yes, they are secure enough and even more security is provided to it using the OTP concept that until we don't put the OPT the transaction is not completed so even if a hacker tries to do it that won't be possible without the OTP. Coming to the rural areas they need education for it and government should lauch such programs to spread awarness about the digital payments or sessions should be conducted on it and training should be given to performing the digital payments.|
|Megha said: (Oct 23, 2018)|
|According to me, the digital payments are not secure enough for the Indian economy to go cashless. As it needs proper technology, awareness, knowledge, connectivity and in the country like ours connectivity is very poor although jio has reached to a great extent still all the rural area has not developed yet and also digital transaction can be failed, can lead to money loss to that person who is in urgent need of it and his cash is faltered.
So, prior to digitalisation, India needs development of rural area so that they can also use it properly and also it needs a good amount of trust. i.e the transaction can be cashless if it is not faltered between.
|Ramesh said: (Oct 15, 2018)|
|The Cashless Indian economy, rather quoting cashless I would rather say less cash economy. 31.16% is the urban population of India, the urban population rapidly get used to e-wallets, netbanking and other digital payments but what about rural areas.
Coming to the safety, the actual online transaction is 128 bit which is the second most secure with compared to 256 bit. Initial the use of digital payments was so low because of the fear of hackers hacking our bank details. But as the time change, the present generation is rapidly getting used to it. Eg: Paytm which had come out with an idea of online banks.
|Krishna said: (Oct 12, 2018)|
|Yes, this is a time to make India cashless. Nowadays, there are so many digital platforms like Bhim, Paytm, PayU etc will save our time in banking transactions. In earlier days we have to stand in long queue to perform banking operation and it has to take a long time to proceed. My point of view we have otp and right click will go to operates accounts and we have apps like bhim, paytm, goole pay etc.|
|Shobhit said: (Oct 11, 2018)|
|Yes, I can say that but I saw one thing I saw many cheaters are doing their work very clear like they were sending one link and written in their please link on this link to see your bank detail and when we are clicking within a few second one message were come on our phone is 35k is deducted from your account so there is a big drawback of digital payment so if you are doing digital payment do but never save your card on any application for the frequent payment and I can say one thing that by only digital payments bank load is also reduced and in previous year if we want to do send money to other bank account or if we want to withdraw cash then we will have to stand in a queue for 2-3hrs and in nowadays we just enter amount and click money will be sent within a second. So, we all know that if there is some advantage then there is some disadvantage also.|
|Shrushti Gite said: (Oct 7, 2018)|
|Yeah, I am agree India can go cashless as we know that earlier days we have to stand in bank and for 2-3hr waiting to transfer money, transit money but the time for doing this is too much and on the other hand digital India will have online transaction in which we can operate all types of payment with our mobile having internet connection.
As we all think that it not secure but in my point of view we have ltp and only right will going to operate account and we have apps like Bhim, paytm, google pay etc thus I wanted to say we have to take one step forward and support for the casheless transaction.
|Priyaedwin said: (Oct 4, 2018)|
|Digital payments saves our time and energy but not secures our money though it is a way of developing our country sucurity issues are main idrawback of this method and I think that this method not well go with illutrate peoples and this will not siuts our economy.
|Sangeeta said: (Oct 2, 2018)|
|Yes, this is a time to make India cashless. Nowadays there are so many digital platforms like bhim, paytm, payu etc will save our time in banking transactions. In earlier days we have to stand in long que to perform banking operation and it has to take long time to proceed. But through this digitalization one can enjoy the banking operatios within a fraction of seconds. Even though there are some threats like hacking its good way to make India cashless.
|Prashaht said: (Sep 28, 2018)|
|We know that online payment is easy but it is not as secure as we think, we have to fallow right instrection and must be sufficient knowledge of about onine tranjection. When we use online tranjection we have to be active and don't be careless at that movement when we doing that. If we are carless on during online tranjection your account detais can be easly hacked by a hacker.|
|Shivani said: (Sep 23, 2018)|
|According to me, yes digital payment is enough for our economy to go for a cashless economy as we know that every company is devoting their most of the time on increasing their security level and mishappening can be done anywhere, it does not mean we will not move forward so this is the time for us to go for cashless economy.|
|Ravi Ranjan Kumar said: (Sep 21, 2018)|
|Yes, of course, it is. Now a days we have moved very far away regarding digital payment, I still remember that day when we have to go bank and stand in que to send money to someone and bank staff used to tell that it will be processed after 2-3 hour.
Now you can imagine we have paytm, Google pay, phone pay they all use UPI method of payment it takes only seconds to transfer money. And it is transparent, you can track transition history, it just not saved our time, No tension of getting theft, you can keep lakh of rupees in your pocket and Saved tree as there is no cash involved.
Are digital payments secure enough for the Indian economy to go cashless?
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