Are digital payments secure enough for the Indian economy to go cashless?
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2111 comments Page 100 of 212.
Priyanka said:
8 years ago
Hi I am priyanka,
As per my opinion, we are processed towards, how India become a developed country? And it is one step towards it. Digital payments are very easy and it will save much of the time. If India to go cashless then it will stop growth of black money. But as we all see it is not yet completely started in urban areas also.
And it is very difficult to see in rural areas, it takes much more time to do India cashless. But nowadays hackers are also very intelligent so we can't say that digitalization is much more secure than cash system.
As per my opinion, we are processed towards, how India become a developed country? And it is one step towards it. Digital payments are very easy and it will save much of the time. If India to go cashless then it will stop growth of black money. But as we all see it is not yet completely started in urban areas also.
And it is very difficult to see in rural areas, it takes much more time to do India cashless. But nowadays hackers are also very intelligent so we can't say that digitalization is much more secure than cash system.
(6)
Darshan said:
8 years ago
No, Because in India, most of people living in villages still don't know how to use smartphones. To go digital there must be internet connectivity in each and every locality, In cities most people are adjusted to digital payments but those living in villages are unable to do so. They are either dependent on somebody who is learned or they would prefer banks. There are people who are still learning how to use ATM. So at this Time bringing initiatives to go cashless is not a wise move as we are still under progress when it comes to cyber Security.
(10)
Jayakumar naidu said:
9 years ago
Hi, I'm Jay. Obviously, this payments are secure for the Indian economy, and to go cashless then India will be going developing to developed country. But one major problem is illiteracy people have don't knowledge on cashless, transaction and also don't have smartphones. The government should take the action to council to rural people for what is the use of cashless and how to use online payments, transactions. Then an India will be reached to developed. And also literacy people can help to illiteracy people then India will moving fast forward.
(25)
Gaurav said:
8 years ago
Hello everyone!
According to digital payments are secure enough for the Indian economy; but for that users should take due care of the security their own account as we take care of our cash; because we should not completely rely upon the system always. Now a days systems like OTP, Facility to change the password, biometric scanning, etc have made the online transaction system more secure.
Now a days banks also take help of the " ethical Hackers" to deal with "unethical Hackers" So I thinks online payment system is secure in India.
Thank you.
According to digital payments are secure enough for the Indian economy; but for that users should take due care of the security their own account as we take care of our cash; because we should not completely rely upon the system always. Now a days systems like OTP, Facility to change the password, biometric scanning, etc have made the online transaction system more secure.
Now a days banks also take help of the " ethical Hackers" to deal with "unethical Hackers" So I thinks online payment system is secure in India.
Thank you.
(12)
Jagdish said:
8 years ago
In my opinion, the cashless economy is a great idea. But the present architecture says that we can't totally go cashless.
First of all, internet connectivity is still to reach to many. There are many areas where internet connectivity is a luxury the people are deprived of Even if internet connectivity is present, there is an issue of proper connection. Experiences suggest that many payments haven't completed properly due to irregular connectivity.
Secondly, internet security in India is still not at par. Those "e-wallets" are not much secure.
First of all, internet connectivity is still to reach to many. There are many areas where internet connectivity is a luxury the people are deprived of Even if internet connectivity is present, there is an issue of proper connection. Experiences suggest that many payments haven't completed properly due to irregular connectivity.
Secondly, internet security in India is still not at par. Those "e-wallets" are not much secure.
(19)
ROHIT MONDAL said:
8 years ago
Hi everyone, I am Rohit.
Yes, Digital payment is highly secured because we no longer need to spend time waiting in the long queue withdrawing money and hence it becomes very easy for us to travel to distant places even without worrying about the risk of carrying money as we are able to pay through online mode.
But on the other hand, there is a high risk of cybercrime towards which this digital payments application may be vulnerable too. But the government is looking after all means to ensure that the money in the bank remains highly secured.
Yes, Digital payment is highly secured because we no longer need to spend time waiting in the long queue withdrawing money and hence it becomes very easy for us to travel to distant places even without worrying about the risk of carrying money as we are able to pay through online mode.
But on the other hand, there is a high risk of cybercrime towards which this digital payments application may be vulnerable too. But the government is looking after all means to ensure that the money in the bank remains highly secured.
(19)
Aman verma said:
8 years ago
Yes, it's one of the changes that will ease as well as secure our lifestyle in this modern world. With digital payment, we won't face pickpocketing, change problem, money shortage (as we can instantly transfer money from bank), overused notes etc. It also has records of all your transactions and is quick. Applications like mobikwik and paytm are presently most viral app used by Indian and day to day number of users are also increasing. It proves that digital payments are liked by most of us and thus successful and secure enough to go cashless.
(7)
Adee10 said:
7 years ago
Yes, it is very much secure to go cashless as we can carry lot of money with us. Digital payment is not time-consuming its easy n can be done effortlessly. For eg; if we are not carrying enough money in our pocket n if any kind if an emergency arises then we can easily do digital payment without any effort. It keeps us away from the fear of thieves, dacoits. Since everything has pros n cons. So more security needs to be improved in digital payment to make people attract easily and it should be promoted to small cities to make them aware of it.
(4)
Richa said:
8 years ago
In my view, digitalising India would be very non-productive decision as we live in the country where the majority of the population lives in the rural area or we can say undeveloped area. Where the most important part of their life is cash. And where they don't even know what is a smartphone. And if in any case. They are aware of it. They don't know their usage due to which there are higher chances of getting their money misused by the third person.
So in such conditions, India can't go cashless. It needs a lot time to make India go cashless.
So in such conditions, India can't go cashless. It needs a lot time to make India go cashless.
(22)
GNANASUNDARAM E said:
8 years ago
According to my point of view, Yes, the Digital payments are Secure for the Indian economy to go cashless. Why because the cash payments will be unfortunately missed or thieves may pick. Even though digital payments also having some problems are there. Hackers are hacking their Account and then picking the money from their account. If may some rural people don't aware of unwanted phone calls, He/She will attend the phone call and say PIN, CVV, Card Number, OTP and etc. It will helpful for hackers. So the digital payments are also Not secure.
(12)
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