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

Hi, friends,

My name is Ashish.

According to me digital payments have been more secured continuously.

I hope, it will be totally secured In further 5 to 6 years and we will do our online or digital transaction more securely.

I think nowadays our online transaction is more secure than previous 10 years.

For ex:
On each and every transaction they (bank, online portals etc) will provide us one OTP (one time password) on our registered mobile number. And only we can access this OTP at the time of transaction. So we will be confident about our transaction that our money goes to authorized person. It wasn't happend 10 years back. So we have continuously secured day by day. It will also reduce our cost of paper currency and we will do our transaction in a minute. And in the country like India, to go cashless is very essential because India is top at corruption level among other 207 country.

As per my view, it is good to go cassless which would develop learning about new methods regarding digital payments. People can easily pay their their bills without standing for a long time in queue. It saves time and energy of individual.

Hi.

According to my point of view, Digital payment is a good way to the growing of economics India.

Because there is some black money are reduced and also reduce corruption.

There is more beneficial for us that it saves time, and secure I know today in India someone doesn't know how to operate digital and also a problem if any hacker hacks your account, and also a problem in digital payment if server are not working proper ways. So my conclusion is about the digital topic is very well and some bad because everything is not perfect.

In my point of view digital payments are secure enough for the Indian economy to go cashless.

After demonetization digital payments and transaction has increased, it shows that economy of India moving forward to go cashless. Now these days all digital payments are secrud by many security system that no one can miss use the others credentials while paying digitally. Indian government is also promoting the digital payment.

But Indian economy can't become cashless it will take many years to go cashless because in India rural areas people are not so much knowledge about digital payment, Indian government should take steps towards this type of problem.

Hi, friends.

After the action initiated by the honourable Prime Minister Narendra Modi, many people supported this act because it will stop the flow of black money, fake currency, etc. But some poor people have faced many problems because they don't even have ATM's to use. But later on all the people believes that it was great acts provided by the government. It made that India as a digital country.

Yeah, I think so because it helps especially middle-class people to save their money through several taxes that is applied by the salesman to a customer. And even it saves time and efforts.

Hi friends.

In India, many people are corrupted in our country. So, our government take a good step to make our country cashless. And using digital system provided by the government like ATM card etc. But many problems can face by the people of our country because they don't know about the online paying. But they know that our government step is good to make our country cashless.

During demonetization usage of digital payments had increased a lot. Our honorable prime minister also suggested to go cashless. Yes I agree with digital payments because it helps to reduce corruption or black money. This notion is reaching to metropolitan areas then what about the villages.

Hello.

Yes, digital payments are secure enough for the country to go cashless. Since digital payments are fast n safe. It also helps the economy to overcome the corruption problem. There is a need for call of special training program to make aware how digital payments system works, benefits regarding digital payments etc.

Use of digital payments are partially enough as India focuses on inclusive growth but this facility of government can be utilised only by middile or elite section of society. Now also there are many places that are lacking this internet facility. 37% of people are still below poverty line. They even don't have proper food to eat then what they will think of buying android mobiles or having net connection. Benefits are there of using digital payments like inc. In transperancy, reduction in black money and corruption, financial inclusion but this all can only be possible if technological system is improved and everyone can afford smart phones.

Thank you.