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

Yes, digital payment is very good in this fastest world because no one has time to stay in the queue as well as it is secure because the computer system is more protected than the bank lockers.

I am Feba George, in my opinion, digital payment is better, even thou it has both merits& demerits.

Digital payment reduces the flow of black money. It is necessary to provide better cyber-security to safe our cash from darkers.

The main demerits is that there are so many poor people who don't have any bank account and lack of education about digital life. But it is possible to educate the elders. So it's better to adopt digital payment system.

In my opinion, India can adopt cashless transaction but there are many hurdles in its way.

1. We will require better connectivity till rural places. Though 4G came to India 2 Yrs back still many companies are not fully capable in bringing the technology to its fullest.

2. Even if we bring the technology people should at least have a smartphone and should have the knowledge to use it and do transactions.

3. Even if technology comes in a more digital way so the more secure network will be required.

4. Further, it will be a more preferred way to track black money and corruption will reduce too many folds.

Digital payments are not safe at all. There are various concerned about it.

1. As we know that one has to know about the digital methods to make the digital transactions which is not convenient to everyone, due to lack of knowledge and fear to lose money.

2. As on digital platform, there is a lot of danger of hackers. Which can make the payment safety critical.

3. The problem of networks in rural areas cause server problem, and the transaction can be held for a lot of time.

Hence overall if concluded in my opinion then they are not safe.

In my point of view, digital transactions are very safe. Here so many of told that the rural place can't enough knowledge for doing the digital transaction. It's acceptable but nowadays so many of people 90% of people using phone out of 100%. And they all know to use the internet. But the major issue was a network problem. It's rectified they are also doing the digital transaction.

According to me, any technological implementation takes time, but its a good initiative by government (not in support of any party). Digital payment cannot replace cash payments, they can run parallel, though. If you want to run in a race you have to first jog, the same thing applies here. If something is well implemented on national level please support those because it is taken in the interest of people.

Yes, I think that digital payment brings more transparency in the economy and at the same time helps to curb corruption and other malpractices. It is a good initiative taken by the government and with proper awareness among people digitised India initiative can reach the new sky. The caches economy is a start of modern India.

Hi!

As per my opinion, one person can not tackle 1.34 billion person. If a system is launched then it's our responsibility to support that system. Digital transaction is for all so we to spread it as soon as possible.

There is lots of application for online transaction which give better Cashback also,

So peoples which go through online payment should make learn to illiterate people's.

For example:-

One to pay online charge for mobile, bill, shopping etc. By one's account for them and tell them about system security.

One man can not teach all so we to deal with them.

I surely saying that the India's economy growth will be UpTo 8% in end of 2017.

It is good to under stand that it's very difficult to take decision but very easy to go against the system.

I knew that people have tendency to search holes but we to be human* and fill those holes.

I m requesting to all please to support the cashless system, surely the next 2-generation will beneficial by our decision.

I think it ought to be linked with the social sites like Hike, Facebook, what's up etc. B/c people spend lots of time on these.

Please support cashless transaction.

At a time when the entire nation is either excited or furious about embracing digital payments and going cashless, Qualcomm brings us a bad news. According to the American chipset maker, no digital payment app used in India is completely secure. They are of the view that wallets and mobile banking applications in India are not using hardware level security that is mandatory for secure online transactions.

Yes,

If we follow the guidelines: There are a set of rules that need to be followed to keep your digital banking secure and free of phishing. If we take care of those little points which we usually ignore, it is not very difficult to stay secure with the digital payment system. People usually miss on the small but essential guidelines that maintain secure payment system.

Hello Everyone,

As India is a developing country and our economy is growable day to day,

So as to implement digital payments we often equal to top economy countries.

And as point of me, in India there is urban and rural people. This digital payments held with high it technics. Rural people they don't know much about this technics as they are illiterates so this would be some difficult.