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

According to me, any technological implementation takes time, but its a good initiative by government (not in support of any party). Digital payment cannot replace cash payments, they can run parallel, though. If you want to run in a race you have to first jog, the same thing applies here. If something is well implemented on national level please support those because it is taken in the interest of people.

Hello everyone one,

I'm against this thing as India is a developing economy we don't have enough or say trusted sources which we can rely upon.

Moreover, we don't have enough Internet access to certain places in India. People still are living in an era of 2G, not even 3G, so we can't even think of 4G, which would naturally be beyond their reach.

So no digital payment methods, more use of cash which would lead to an increase in Black Money like situation.

So lesser the use of digital payment methods, lesser will be the technology which can secure our transactions.

More the use of it, newer will be the techniques to defend the frauds.

Thank you,

I agree my friend point, digital payment is not suitable for low-class people because they don't have such facilities like smart phones.

In my point of view, those people are struggled a lot because of digital payment. Village peoples are can't be adapt for this situation. So this is not suitable.

I agree with my friend point,

Digital payment is not suitable for low-class people who does not have mobile phones, smart phones, etc.

In my point of view, it is very difficult to village people to adapt in cashless environment.

70% Of the people in India can manage.

But what about remaining 30%?

So if we do some change we consider the people all over the world.

In that point, it is not a right choice.

We have to improve a lot then we have to change into cashless environment.

Hi guys, I support this. The government has made a right decision of demonetisation which could reduce corruption, provided everyone including people from rural areas be given awareness about digital transactions and providing smartphones and internet connectivity wherever necessary. Though India would be cashless, digital payments could make our lives easier and once every Indian gets to know about digital transactions, that's a giant leap forward to Indian development.

According to me, cashless economy is good for minimizing the corruption but the problem is that the rural areas are no developed first of all we have to aware the people about digitalization in then we have the cashless economy.

Now a day most of the areas in India is not have the internet courage through cellular data. First of all, we have to work on the internet connectivity and speed then we are able to do a cashless economy.

According to me, it is a right step that taken by our government. We all know that India is a devloping country and so many youth are in this country. So every youth come ahead and learn this thing to people of some rural area by some activity. If we want to change in our country than first of all we have to use it first than and than cash less process will be successfull.

One of the steps taken by govt to fight against black money by making cashless economy is a good idea but this is not the right time to implement it!

1) Because of most of the business man especially small retailers afraid of adopting online transaction as this may eat their profit margins due to high service tax.

To this Govt should introduce new tax reforms to encourage small retailers.

2) Most of the people are unaware of online transactions, especially in villages!

To this Govt should take necessary steps to educate people and make aware of online transactions!

And also Govt should implement high-security measures to stop online frauds and hacking!

In my point of view, digital payments are very useful to people but country like India where the 80% of the transactions are in the physical form and only 20% transactions are cashless. The people in rural areas are not much aware of it and do not have smart phones and these people could not afford the internet as their income was low. In spite of all these things, there will be big threat from hackers, we often listen about these cases daily.

Yes, I agree that digital payment are more secure for cash less transactions because India is a developing country and this decision taken by our government is a very good initiative against black money holders and corruption, or which also help to increase growth of our country but despite of all these things I also agree with other people who said that going towards cashless create some problem for people who can't afford credit card, debts cards and I'll literate people who can't able to use phones nd etc for all these problems I would like to say one thing that cashless doesn't mean that we completely go cashless or cash money are completely banned its just mean we have to do more transactions digitally to fight against with corruption.