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

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.

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.

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.

Hello everyone.

In my opinion, digital payments is secure enough rather than to go cashless for the Indian economy because it reduces the crimes happened and the black money problem. As said by Narendra Modi to make India digital and also said its benefits how it is essential. Every one want that there work should be done immediately and they don't have to stand in a long que and for this digital payments will be more beneficial. Through this there will be faster response in transfer of money.

As some of my friends said, that digital payments are not secure enough as there is a hacking problems and also that in rural areas everyone in not aware of this digital payments. So for this governments has to put some security and in computer there should be a tight security so that hacking problems should be finished. And in rural areas government Sent some people who can make them aware of this digital mode of payment.

If all these type of actions are taken then one day there will be happy life of people which will help in securing our Indian economy.

That's all.

Thanku.

In my opinion,

Yes, the digital payments are secure enough for Indian economy to go cashless because nowadays bank provides 3 d security systems so that there is no chance of any fraud but yes one main thing is that we need to be more careful and aware while doing any sort of digital payment because it may possible that some of the hackers are waiting for your small mistake, awareness must be there people must not share there any personal account details with anyone. And try to use more reputed sites not use any of the unofficial sites for payments.

The problem with Indians is that they know how to use digital systems and pay by digital means but they think that in digital payments their money might get lose and they stuck in some fraud but I ensure you to all these things are not going to take place if we are aware at the time of payments.

And as far as the time is concerned digital payments saves a lot of time and for this present era, time is a most important constraint.

According to Amercian Chipmaker, no digital payment app in India is completely secure. Right now, if someone says this statement, I would not agree. No doubt it has made life more comfortable. We don't have to stay in the queue for getting a cash. All records of the transaction are maintained which help to keep an eye on fake currency. It helps people to keep a track of their expenditure. We get discounts while purchasing goods through digital payments like 0.75% discount on the digital purchase of fuels through debit cards or mobile wallets.

Seriously it makes life easier! But with pros, there are cons. When it comes to security, it is not to much save.

A lot of fraud happens. Many people especially who are senior citizens and children are not properly aware of how to use this technology, how someone can access their private data and use their digital payment application.

As what about the poor people who cannot afford the internet connection, how they are going to access this technology. We cannot ignore them. So firstly we have to make sure with the passage of time, we need to more people to engage in this and our engineers in IT field has to work to make it more secure. When this situation takes place, then it would be better to say that digital payments are secure enough for the Indian economy to go cashless.

Hello everyone, as per the topic, I can say that digital payments made our life more comfortable and hustle free. Now we are moving towards digital era, where everything is digital, then why not digital payment. It simply takes few seconds to pay to someone anywhere in the world. It also connects people throughout the world. Taking the image of Indian society, it has people from high class, middle class as well as lower class. Taking the steps towards digitalisation, might helps major people but it may be harmful for those who don't know anything about digitalisation. Before implementation of fully cashless, we make each and everyone to understand what digital payment is. When people really know what they are doing, they will take more interest in doing and it leads to more integrated by involvement of everyone. If we talk about security, many big IT giants for solving the problems of cyber attacks. Soo my conclusion about this topic is, Indian economy is not fully ready for going cashless as it has less involvement of people till now. People afraid to use digital payment, so first change the mindset of our people towards digitalisation that will bring the new age of society where everyone will be digital and payments will be cashless too. Thanks.

In my point of view, It is not so helpfully because there are still some areas who don't have the knowledge of digital money. During the time of disasters like floods, tsunami, etc. We have to face the problems which were already happened.

In my point of view, digital payments are very good initiatives. But our country is a developing country. In rural area, most of the people are uneducated and poor. They don't maintain their daily needs. For them how is it possible to recharge an internet pack.

In a rural area, the network connectivity is also very poor. So our government solve those problems first.

As per my opinion, it will take time to secure for the Indian economy to go cashless transactions. About last night I bought fruit from my nearest mart and I have no money to spend so I decide to pay through paytm and.

After making the payment I was asking to the vendor to check the transactions has been done from the side but he didn't receive any message so doesn't rely on my message mail and paytm. He said rely only on when whenever he gets the message. So convey of the message is that is the people are not educated related to digital payment they will take time to improve and yes after they know then definitely Indian economy secure.