Are digital payments secure enough for the Indian economy to go cashless?
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2111 comments Page 105 of 212.
Varinder mehra said:
9 years ago
Yes. Due to the cashless system, our economy will increase, that is good for us. But there is also a cyber threat.
Corruption should be decreased because the government will see every activity or bank details.
And the main thing is that every person gives tax to the government, which will be good for us.
But also there are some problems arise due to the cashless system. For E.G a person who didn't know about online transaction that means how to operate, he will face problems.
There is also a cyber or hacking threat for us.
Corruption should be decreased because the government will see every activity or bank details.
And the main thing is that every person gives tax to the government, which will be good for us.
But also there are some problems arise due to the cashless system. For E.G a person who didn't know about online transaction that means how to operate, he will face problems.
There is also a cyber or hacking threat for us.
(3)
Aman Rawat Basfore said:
9 years ago
It's a great idea and its safe, digital payments are one the fastest mode of transaction. It will make our work easier. And with this step government can actually recover provide hard cash to those who are need of that. But if India goes cashless now then it will be a problem, though it's a great idea, but a large proportion of our country's population are not that much educated to do transaction digitally. So, first of all, we have made them learn this thing then only it can implement completely. Otherwise it's a superb idea.
(10)
Anuradha Singh said:
7 years ago
In my opinion, every thing comes with pros and cons, digital transactions are no doubt helps you go hassle free as it would help you save your time to stand in queues at the bank, plus you always get an OTP on your registered mobile number to secure the payment. Tragedy can happen even if you are doing a cash transaction, for instance there have been people who have encountered snatching of there belongings. It's just that you need to be vigilant and careful enough when it comes to your money be it digital or cash transaction.
(10)
Amit Singh Rathore said:
8 years ago
Hi guys,
Myself Amit, in my opinion, going cashless is the masterstroke from our respected pm Narendra Modi. This policy has many benefits I agree there is some loss too but he's seeing the future what will be of India. Security reasons are there but after this it will b carried out, everyone knows we had max and no of graduates who can perform well if we transfer our money to anyone we have to b alert always where we are nd what we are doing because many websites gives you bribe of something so don access to such ads on net.
Myself Amit, in my opinion, going cashless is the masterstroke from our respected pm Narendra Modi. This policy has many benefits I agree there is some loss too but he's seeing the future what will be of India. Security reasons are there but after this it will b carried out, everyone knows we had max and no of graduates who can perform well if we transfer our money to anyone we have to b alert always where we are nd what we are doing because many websites gives you bribe of something so don access to such ads on net.
(2)
Deepika said:
8 years ago
Yes, going cash less is very important for India because people will pay the amount digitally so everu one will pay the taxes then there will be economic growth in country and our country's gdp rate is also going to increase. Corruption will also get decreased by using digital payments. But one thing is the people who are not educated are more in India so for them these digital payments will be difficult. So for that our government should keep some campaign programs to educate the people on how to transact the money digitally.
(32)
Anivesh said:
8 years ago
Obviously, cashless economy will be helpful in our country's growth. As it brings more transparency in the system which will lead to less corruption. It also diminished the need of carrying cash and also don't let people to wait in lines for cash withdrawal.
But when it comes to security of digital payments, even many of educated people are not trust them. As illiteracy ratio is quite high in India therefore, before introducing Cashless economy everyone should be educated about its merits, demerits and methods of using them.
But when it comes to security of digital payments, even many of educated people are not trust them. As illiteracy ratio is quite high in India therefore, before introducing Cashless economy everyone should be educated about its merits, demerits and methods of using them.
(14)
Suman said:
6 years ago
It is not just about illiterate people but many literate people also do not show interest in digital payments as they are not confident about it. They are unable to trust digital payment apps as they have heard about so many scams and frauds. So firstly, the government should sensitize people at the ground level to make them confident about digital payments. In my opinion, digital payments are secure enough for the Indian economy to go cashless but it is only possible when people will become sensitized and confident about it.
(28)
Neha said:
8 years ago
Digital payment is useful but it all depends on your internet speed. INDIA came 89th in internet speed provider (i.e 6.5 MBps average internet speed) and 2nd thing in villages people have there account in standardizes banks, local banks not in the nationalized bank (BOB, TOM etc. ) due to which digital payment my or may not be accepted in these banks. 3rd thing if we are doing digital payment but if the bank's internal server is updating then? we can't get our money back or our transaction also not be in other's bank account.
(5)
Mohd tabish said:
8 years ago
Digitization indeed big steps towards improving the economy, but there are certain constraints. As we all know India is a developing country, where most of the transaction, are done through cash, the real fact is that Indians are not in habit of online transactions making payment online, although there is a drastic change in it, yet it is not enough, to go fully cashless. Moreover, people hesitated to change, they adhered to the old method. Lack of knowledge about digitisation, less security, illiteracy is some of the issues.
(4)
Kiran said:
8 years ago
Yes, the digital payments is secured enough as the govt of India took measures to create infrastructure for creating a cashless economy which is even accessible by common with a normal GSM phone without internet service using different USSD for different banks. The apps like BHIM, UPI are implemented after going through a series of security checks, the feature that provides security to an individual is his virtual identification number and a no of encryption techniques are used to secure the transaction from the DDoS attacks.
(6)
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