Are digital payments secure enough for the Indian economy to go cashless?
Points to remember before you participate in this discussion:
- Assume you are one of the members of a real group discussion.
- Take the initiative to participate and contribute your thoughts.
- Contribute your positive thoughts towards providing the solution.
- Post your thoughts here.
Discussion:
2111 comments Page 102 of 212.
Arvind Mishra said:
8 years ago
In my opinion, the digitization of payments is a good thought of government but the people of India are still not aware of using it. But main threat is the cyber crime. Every one wants to open a digital wallet but there is no control over it by any government body. Even though some days before a news went viral, that about 30000 ATM's has been hacked. It means before implementing the digitization of payment, and government body should ensure the safety from cyber crime and also start a drive to make the people more comfortable with this.
(8)
Ram said:
8 years ago
In my opinion cashless transaction is good for India. Because India is developing country so it required tobimprove our economy. But educated know about the pro and cons. We have to involve to awareness about cash less transaction. In India just 2 percentage of people are using. Cashless transaction. In cash less is reduced black money and too much time spend the bank. So cashless transaction raise the question about security and cyber crime. So bank providing good security systems. So cashless transaction required for current situation.
(7)
Umakant said:
8 years ago
According to my point of view,
It is the first and more important step to do any good work. Because without safety is very dangerous. So safety must required firstly.
Now India is on the way to development hence its must to take the risky decision to start a new thing in our country to most helpful to get easily anything. Take give example for cashless. Due to cashless, you can save more time and money. Not stand in queue to pay money. There are no of example.
I said only TO RUN WITH WORLD, OTHERWISE, you STAY PERMANENTLY IN BACK ERA.
It is the first and more important step to do any good work. Because without safety is very dangerous. So safety must required firstly.
Now India is on the way to development hence its must to take the risky decision to start a new thing in our country to most helpful to get easily anything. Take give example for cashless. Due to cashless, you can save more time and money. Not stand in queue to pay money. There are no of example.
I said only TO RUN WITH WORLD, OTHERWISE, you STAY PERMANENTLY IN BACK ERA.
(12)
Amit C. said:
9 years ago
In my opinion, digital payment are more secure than previous cyber frauds occurs in Axis Bank, PNB etc because now a days this type of frauds are not in news. Thus facts shows us that today's banking system is more secure.
Thus for our topic 'Are digital payments secure enough for the Indian economy to go cashless?' it can say that digital payment is more secure to go cashless. Because for going cashless this should not be an excuse. Cashless economy is need of an hour fot eradicating corruption black money and all those Mal practices.
Thus for our topic 'Are digital payments secure enough for the Indian economy to go cashless?' it can say that digital payment is more secure to go cashless. Because for going cashless this should not be an excuse. Cashless economy is need of an hour fot eradicating corruption black money and all those Mal practices.
(3)
A U D said:
8 years ago
Yes, it will. But we need to Implement security system. Daybyday the hackers are increasing. The Government must emerge a security to an app like Google it should not to hack. Then it ll be best. Second major problem is illiteracy. As 1 member of family educated can teach to another person to how to handle digital people. Digital payment saves time to pay by hand by staying in queue. The Major advantage is digital payment ll help to rid of corruption and black money. All money ll come in use help maintain an economic condition of India.
Neetu said:
8 years ago
Hello everyone,
Digital payment in not a good concept at that time because many peoples are not know about the digital payment. In rural areas most of the peoples are not understand the digital payment, at the time of demonetization many peoples are suffered because in rural areas the vendors are not accept the digital payment. In digital payment the most important thing is the good internet connection, but in every where connection are not good. Some of the peoples are not know who to transfer there money through internet.
Thank you.
Digital payment in not a good concept at that time because many peoples are not know about the digital payment. In rural areas most of the peoples are not understand the digital payment, at the time of demonetization many peoples are suffered because in rural areas the vendors are not accept the digital payment. In digital payment the most important thing is the good internet connection, but in every where connection are not good. Some of the peoples are not know who to transfer there money through internet.
Thank you.
(2)
Sangita das said:
8 years ago
According to me, digital payment is secure and it is very useful for the economy but it can not helpful all Indian because 90% people don't know card payment and how to use internet banking in India. Some people think that their account will be hacked by other people and withdraw their money. Before going to digital payment teach those people how to use card payment how to transact through net banking safe and securely and change people thought the process by teaching them how to use digital payment then India can cashless.
Thank you.
Thank you.
(5)
Ritz said:
8 years ago
In my opinion, According to security concerns for digital transactions they are secure if the person has proper knowledge of using it and it also seems an effective way so that people from across anywhere can use the facility and this way they can transfer their money if anyone wants urgently.
For the problem of hacking issues, proper guidance and awareness should be provided mainly to rural areas and the cybersecurity system of India also been working for the prevention of hacking which will make India in coming days to go cashless.
For the problem of hacking issues, proper guidance and awareness should be provided mainly to rural areas and the cybersecurity system of India also been working for the prevention of hacking which will make India in coming days to go cashless.
(13)
Sans said:
8 years ago
According to me, we must go cashless. Because it is secure and very easy to use. As we use many cashless transaction applications like Paytm, BHIM it is very easy to send money to others we do not have to carry cash with us but in India the literacy is less than other countries and people in India more prefer for cash instead of cashless transactions hence it will take some time to go cashless. In India yes it will take time to go completely cashless but we should tell people how to use it then only they will understand it and use it.
(27)
Vijay gawate said:
7 years ago
I partially agree with this, It's true that digital payment is secure enough for the Indian economy to go cashless but it is valid for the peoples from cities who have good knowledge about this system because they mostly are educated but if we look into villages peoples they do not aware about it, even they don't know how to use smartphone then how should they make digital payment.
So, I just want to tell government awareness should be done by the peoples who were living in villages then and only then this system gets more efficient.
So, I just want to tell government awareness should be done by the peoples who were living in villages then and only then this system gets more efficient.
(8)
Post your thoughts here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers