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

I think it's a huge step that takes our government and by the help of these steps, we can reduce the corruption and black money because our all transaction are transparent that's the big success of our government. And by the help of these practices, I think we can get our dreams that we want.

According to me, a digital payment has both positive and negative side exactly as a coin has two sides. It is beneficial because it makes transaction easy, quick and safe. It will also help in the development of our economy. It may also lead to the reduction of unemployment in our country which is a major problem in our country.

Now talking about a problem regarding digital payment the main problem is concerned with the implementation of this plan. Without providing the facilities, knowledge this program has been executed. First of all the government should have worked on providing the facilities like proper internet connection, proper Networking, educating people about the benefits of digital payment etc. This will definitely lead to the proper implementation of this plan.

Hello, Friends.

I think that digital payments are one of the best step taken to promote go cashless in our country. Through digital payments we can save our time, we can carry a big amount of cash without fare of robbery, and it also makes our economy condition better. So digital payments is a step towards a new and great change in our country.

But on the other side if we think about the rural areas, before going cashless government should make the infrastructure first, like educate the rural people about access process of digital payments, make better internet connection in a rural area and change their mindset. I conclude that digital payments is necessary for our country and also the government has to think about how they can grow knowledge among the rural population.

Agree to the topic and the people who gave their contribution! But if govt wants then India can go cashless in one year also, even then it will be an achievement for our nation too. When Paytm was launch in one village the team went and taught them so well that today that village is a totally digital village. Now coming to our contribution towards digitalization, one of the friend in comment section said that we can make the group of some 4-5 "EDUCATED " people and can help the rural people to learn new things, but really do you think so the so cold "well Educated" people have time in their life out of their personal work ?

Even in India from so long people had that mentality that cash transaction is the best so that we can just have to do a cash transaction, online payment is not secure and all so it is really very difficult to change that mindset, and in the oldage people, it is really difficult.

Though this is good diversification and obviously somewhere it will be beneficial to our national.

I think digital payments are one of the good and fastest methods. It not only saves time but it will also help to make our country corruption free.

But on the other side if we talk about rural areas they don't have facilities and knowledge. I would like to conclude that government should provide proper facilities and knowledge in rural areas in order to make our country go cashless.

Hello everyone, According to me it is good initiative to make the payments or receipts cashless. Digitization is secure enough if we will not share some privacy information of our accounts to the another person. I have been using cashless payments and receipts since 2015, it saves time, saves money and it promoted the economy of our country as the transactions can be done vary fasteily. I think is vary good initiative taken by prime minister but on the other hand if we talk about accessibility, the people who are from rural areas has not been considered, they are not able to access online either they not know how to swipe debit or credit card while purchasing. So it is need of hour to educate about cashless those people who are totally illiterate through various workshops if we want to make India modern and developed. Thanking you.

Digital payment is quite a new and good step introduced in the economy as it would make fast transaction and save our time.

But India is a country with a large no. Of population and majority are unaware of it mostly in the village areas. It might take time for each one to go with it as many have not got their phones to be smarter. It is quite difficult but not impossible. It can be only achieved if every aware citizen participates in it and help the people who are new to it. We should not consider it to be only government duty. It is our duty and we should convince others and satisfy ourselves to a new change.

Nowadays countries GDP going down, demonetization but other things is that time people go for cashless but, when cash option is open general people, as well as govt institutions, also goes for cash. Cause people don't like to go cashless.

And we read every day about hacker hack someone's accounts and theft so and so many. Our transaction security is not enough as per required. People are scared to go cashless. Due to low internet connectivity and sometimes online payment is done and maybe go wrong.

Most and foremost things is our countries 80%people are working in the unorganized sector so they received their wage in cash so definitely they go through cash and even half of the people are don't know about cashless, and many are illiterate so they don't know how to use the internet. So in short due to lack security and awareness, India is not ready for cashless.

Yes, it is right that village people don't have a knowledge about how to make digital payments through online.

But it's not an only government responsibility, we also can do it for our country. We can make a group of 5 to 6 educated people who can work for rural areas people, who can give the whole information them about all these digital schemes.

I think so, that change is necessary to step towards the progress and prosperity. So going cashless though will brought digitization and modernization in our country still complete cashless service is not possible. I think so that India should step forward slowly towards the digitization.

Cashless will definitely having advantages like time saving, money saving, promotes growth of economy as the transactions will be done faster without standing in bank line. Bank also get benefited so that they can work with accuracy witout any error. Also, 24*7facility will be available. Etc.

But the problems we have to face for good awareness about this system, hackers problem, availability of good speed internet. This digitization will save trees but unemployment will also increase and e-waste also.

Thank you.