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

This topic is very relevant nowadays as this as both the advantages and disadvantages are there.

Advantage:

If India became cashless first and foremost help will be for the banks as the transactions system which was done by any bank system that can be forbidden from there next vital is unnecessary wastage of paper. If India go cashless than Indian will definitely save their times and would not have to stand in lines for depositing a large amount of money and lastly they would also be safe from robbery itself.

Disadvantage:

Definitely, a disadvantage as our honorable minister has announced but he didn't teach the people of rural areas how to use it secondly the persons who are incoming 100 or 200 per day for them being cashless is difficult. It is not very safe also because the internet connection should be utmost strong as if the transaction is not done confirmed then it might create a panic situation at the same time unemployment as day by day cashless will be done unemployment will increase and lastly these cashless are more prone for increasing cybercrime as well.

Hello everyone.

I think yes it's important nowadays to switch towards the cashless payment.

The main reason behind this may be the saving of trees as well as nature.

Not only the trees but the time also.

The money is a thing which is a very insecure thing and it can be stolen very easily. So carrying a large amount of money becomes so easy with credit and debit card.

And it's not too hard to use it also so all this are points which promote that we should switch to the modernized world and except the cashless payments.

Yes, no doubt digital payments are secure enough, but India is not ready to go cashless now. The best example can be cited 1 year ago when 500 and 1000 rs notes were banned. That period can be considered as the sink of Indian economy. India was not ready for demonetization then, and is not ready for going cashless now. Also, about 25% of India belongs to rural areas so they are also to be considered, as how can you expect an uneducated person to use card swipes or online transactions with no difficulty.

Hello friends,

I want to tell about this topic, a Cashless payment it is a mode of transaction. First in non-offline mode in olden days, every man can see in line outside the bank to take their payment or make a transaction this process is not also safe because some problem of theft being looted and one place to other places to going with money is dangerous so cashless payment mode it essential. But in India, our Honorable PM Narendra Modi has established this mode. First this method is applied in urban areas because here people are literate so here chance of risk is less than some seminar will conduct in rural areas so that they can understand how to use this method and after this applied in rural areas partly not full because in rural areas illiterate people are lives so it may be risky for that old man and woman they are illiterate. So in my opinion cashless payment is applied partly not fully. Take step by step to applied and gives more seminars so that everyone can understand this process. For this reliance jio has come in India so that everyone uses the internet and understands the cashless payment and bans also gives help for this process. We also know that there are some type of cybercrime they hack the account details and cashless payment becomes dangerous it is the main draw beg of this mode Cashless payment mode is fast and time-saving, but its draw beg already discussed.

And last I say being cashless is more better but never share your password and OTP to another one. These are a secure thing so and if you don't know about this process than you ask with your citizen they give help for you.

Thanks, have a save life and become digitalize.

Yes, I agree with that digitalization is a good step towards an economy of a country because it saves the time of people. As we hear many cases of robbery which can be prevented by using digital payment mode. In starting maybe it is difficult for some people who don't know to operate digital payments but young generation knows it well and in coming future, all people will know about it. Also, people don't have ro rush to bank or atm to withdraw money by using digital payments. By using digital payments paperwork can be reduced which is good shine for Indian economy also the fuel wastage in going to atm or banks can be saved which is a good sign for the economy of a country.

Hellow guys.

According to me, it is very necessary for any country economic. According to me, it should be spread all over the country. Degitialligation saves our time. It also saves our environment because the use of this we can save more paper and trees. But we know that it is not easy to spread fastly in a whole country. Because now some rural area's people do not about it how to use. It main difficulty to hacking but the government should tell about it to rural people. By using digitalization people can save time. A farmer can also save their time and they have no fear to lost money. And they can also know about a scheme of government.

Thank you.

Hello,

In my opinion, to develop of the economy of India and develope of our lifestyle digital payment is the step of achieving this development. And this system worked but not properly. This system basically developed work system which is used in daily life and gives a different way of our thinking about everything. Basically, lack of knowledge about that system is the weakest point of digital payment. This seen in the rural area. So that a/c to me one system should be strictly developed to increase information about this system, basically for a rural area. Knowledge about this system should be applied in study materials, in this step protect various problems regarding the digital India like hacking etc.

It's quite obvious that our economy are not prepared for complete cashless whether in terms of infrastructure or d depth of literacy.

But at the same time dive payment is d need of hours nowadays so our government must be made the balance b/w cashless and cash. And at the end of the day result could eventually be seen[Le-chandeliers principal].

It's is beneficial in this 21st century.

Instead of wasting paper it leads to the growth of advancement and talking about security we have to rely on our IT experts. Hacking takes place because people in rural are not fully aware of the use of digital use.

So first make aware them and leads India to the height of advancement technique.

Hi I'm Sunil.

In my opinion, Sometimes digital payments are secure and sometimes not secure.

Not secure means village people don't have a knowledge about how to make digital payments through online. Therefore the government should give awareness about this technology to village people like by advertising process. And sometimes hacking can occur so it's not secure. But it is faster and convenient. We can reduce the waste of time. Within a second we can transfer money from account to another account. That's it.