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

Hello everyone,

I would like to say in favor of digital payments. It would be a great initiative if our govt successfully implement it all over India. People in urban areas are ready for it, I know they will not hesitate to make digital payments but the problem arises in Rural areas due to their lack of education but we can resolve this by giving them proper awareness and education.

Advantages:
I) you can make money transactions with little effort or difficulty.
II) it will give various discounts for various money transactions.
III) it has lower risk etc.

Thank you.

Hello, everyone.

I agree to it because our PM dream is digital India and it is possible when everyone uses and joins the modern technology if all the Indians are cooperative through it the dream of digital India will be the success.

But it not secure so everyone not trusts in it and thinks it is not good but when it go in a secure way that time our country economy go to cashless.

Yes Modi 's digital payment scheme for growth of Indian economy is a good sign for all of us. It will surely improve our economy status. As per as the previous records. There are lot of issues we all have faced in regular basis regarding money transaction by hand to hand. Like there are some agent in India who are mainly working on making those fake notes. N because of them we facing sometimes worst situation. So this is a time for all the Indians whether it is a rural or urban no matters, it's our country. If we have potential to make our country cashless which can remove corruption up to certain level. Dn this is a golden chance to adopt digital payment scheme.

In my point of view at the initial stage, everything has its own advantages and disadvantages. So all what is required is to focus on improving the system supporting it to have optimal use of it.

And yes according to my view digital payments are secure enough for Indian economy as.

1. In population, we are competing for no. 1 position in the world. So to manage the money for such a huge population without frauds and all would be much more difficult if the traditional method is approached.

2. As we have corruption and terrorism as some of the major problems the country is facing going digital would help curb these to some extent.

3. As the major part of Indian population is of youth I think this could be implemented with no much of great difficulty as youth are ready to go with improved methods of technology.

When coming to the areas to be improved, our concern should be towards.

1. Improving the security of digitalised payments as the no. Of hackers and e-crime increasing day by day.

2. As the major part of Indian population is from rural area gov. Should take steps to improve internet facilities in every nook and corner of all the parts of the country and should also make plans to educate and bring awareness to the people who are not aware of digital payments.

3. As all people of India are not capable of buying smartphones which play a major role in digital payments gov. Should take steps to help the people regarding the issue. It should be responsibility of not only the gov. But the responsibility of every known citizen of India to help others so as to make our country developed.

No, I really don't think India is ready for cashless payment the main reason is no of uneducated people is in very large amount. There is thousands of people in India who never used a credit card or debit card in his whole life also one of the important points we keep in our mind that for cashless payment there is at least a need of smartphone but in India smartphone user is only 40% so how can you think digital payment is secure for India economy to go cashless.

Digital payments are secure enough for the Indian economy to go cashless, this statement is favorable for 70% people only. For rest of the people, who lives in rural areas it is difficult to pay money in digital formats, or to use online services. If we can educate them to know how to use online payments, then only our Indian economy will go cashless and our country will become a digital country.

At a time when the entire nation is either excited or furious about embracing digital payments and going cashless, Qualcomm brings us a bad news. According to the American chipset maker, no digital payment app used in India is completely secure. They are of the view that wallets and mobile banking applications in India are not using hardware level security that is mandatory for secure online transactions.

Yes,

If we follow the guidelines: There are a set of rules that need to be followed to keep your digital banking secure and free of phishing. If we take care of those little points which we usually ignore, it is not very difficult to stay secure with the digital payment system. People usually miss on the small but essential guidelines that maintain secure payment system.

Hello everyone,

According to me, India is a still developing country, we have responsibility to do developed country.

We have to support that digital cashless India this is good for everyone.

We are union states. We have to go for cashless payment method. But there is many problems in this method like knowledge, some people do not have bank accounts, rate of poor peoples this is the big problem in India. To make our country cashless we have to solve this problem first then we should think about cashless. & I think nothing is secure. It depends on people how they use it or plan it.

In India, we have most number of youth who are educated, in other hands we have so many rural areas where they have no banks and they don't know about RUPAY or ATM cards, in present 2017 budget central govt doesn't come with any new policies regarding cashless. These are some steps that are necessary to improve cashless India.

FIRST SELECT SOME 6-7 STATES IN INDIA AND APPLY THESE STEPS.

1. Give tax benefits who are doing online transactions.

2. Govt should create awareness to the people.

3. Enlarge banking system to rural areas.

4. Gave some offers who are doing online transactions.

Major problems why people are not interested are because of;

1. During online some times server problems.

2. Improve some apps like PAYTM, FREECHARGE etc.

3. Central govt should spend the necessary money to improve digital transactions.