Are digital payments secure enough for the Indian economy to go cashless?
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2111 comments Page 106 of 212.
Sohini said:
8 years ago
Hi, guys.
Well, I think digital payments are secure enough for the Indian economy to go cashless because of the following reasons:.
1. Digital payments save a lot of time as we all know people don't have much time to waste.
2. They decrease the chances of robbery as you don't have to carry cash with you.
3. Digital payment is one of the sign of development of our country.
4. As India is one of the fastest developing countries in the world. So, it won't be so easy for the hackers to hack the accounts, so it is secure enough.
Well, I think digital payments are secure enough for the Indian economy to go cashless because of the following reasons:.
1. Digital payments save a lot of time as we all know people don't have much time to waste.
2. They decrease the chances of robbery as you don't have to carry cash with you.
3. Digital payment is one of the sign of development of our country.
4. As India is one of the fastest developing countries in the world. So, it won't be so easy for the hackers to hack the accounts, so it is secure enough.
(6)
SIDDHANT GARG said:
8 years ago
Yes, it's important but before go cashless, the Indian government does should homework.
I mean digitalization is good for our country because of its benefits in many ways and many things like Time-saving, not stand in long queue and so on.
But Indian cyber securities not so good, and a large number of rural areas people don't know even how to use a smartphone. So, how can India go cashless easily first Indian govt should make training teams train those peoples who do not know how does digital money or cashless transaction.
I mean digitalization is good for our country because of its benefits in many ways and many things like Time-saving, not stand in long queue and so on.
But Indian cyber securities not so good, and a large number of rural areas people don't know even how to use a smartphone. So, how can India go cashless easily first Indian govt should make training teams train those peoples who do not know how does digital money or cashless transaction.
(15)
N Rajasekhar said:
8 years ago
In my point of view, digital payments are very useful in doing transactions where we can save our energy, time and other extra charges. being an India is a developing country with a literacy rate of 74.04. I think it's more complicated to go through cashless transactions If we can able to give awareness among the people who are illiterate then we can go through cashless transactions.most of the people will not read clear instructions and they trap in hackers hands so people who are doing cash payments should be very careful.
(30)
Poojatiwari25 said:
8 years ago
According to me, PM Modi's dream "Digital India" will become true by this digital payment. It is is a big headache for every person to carry lots of cash with them. It is difficult to carry because of robbed or stolen chances. It is good to make payments using cards in urban areas rather to carry cash. But it is not possible for illiterate peoples, as they are not aware of mobile phones, internet services, banking facilities etc. At last, I just want to say that this is good for everyone to make payment using digitalization.
(5)
Sagar said:
9 years ago
Hello everyone,
According to the perspective, I think that the digital payments are secure enough because this will help our country to start something new.
It is difficult for people who are illiterate but it's fine if we start they will also get chane to learn. Paytm and many other. Apps are there for secure transactions and we have seen that they are successful in market.
Chances of fraudulent access is 2% or 3% which much less so we should go cash less rather or with cash and have risk of getting stolen.
Go digital.
According to the perspective, I think that the digital payments are secure enough because this will help our country to start something new.
It is difficult for people who are illiterate but it's fine if we start they will also get chane to learn. Paytm and many other. Apps are there for secure transactions and we have seen that they are successful in market.
Chances of fraudulent access is 2% or 3% which much less so we should go cash less rather or with cash and have risk of getting stolen.
Go digital.
(4)
Ashima jain said:
8 years ago
According to me, digital payments are still not secure enough for the Indian economy to go cashless as there is no disaster management until this date. Recently, there was a case where the third party hacked into Bank's account- 32lakhs bank cards got hacked. If there occurs any disaster, whole data will get wiped off and no one will take full responsibility for such an event. Also, Since 1/2of the India's population is illiterate so it's very difficult to eradicate such a traditional practice of exchanging goods and money.
(5)
Gargi shailesh talkar said:
8 years ago
To opt for cashless economy digital payment can be a better option however, we need to take care stream which we are about to consider such as paytm, jio money etc. And the privacy facilities that are served. To avail the cashless economy we need to initiate the usage awareness and recovery money factors availability if some malicious activity takes place. Then to there is less amount of fraud cases are coming forward as far as security part is concern so yes digital payments are secure enough for cashless economy adoption.
(1)
HARSHADA RAJPUT said:
7 years ago
Yes, I absolutely think that going cashless is secure. Because of it more of the traditional money transaction which are hidden from Govt have came into eye of Government So anyone trying to fraud can easily be captured. Along with these, digital payments have saved the time. People can transfer money easily on one click. They do not have to go through long process. Just a click on [phone and you are done. Also, it is better because we do not have to carry money all the time. You have a mobile phone and thus you have money.
(12)
MOHAMMAD UMAR ANSARI said:
8 years ago
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.
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.
(6)
Bharath said:
8 years ago
Hello, friends.
After demonetization, Indian peoples faced lots of problems to survive their basic needs. In this time we need a new type of transaction technology. So that digital payments are banking or any kind of wallet for the transaction. Is enough secure but it also has some problems such as hacker issue money thief through the internet. So, it might be complete security. Digital payment step towards to digital India. Nowadays.
Everyone can access the internet at low cost. And it's used increase the GDP rate also.
After demonetization, Indian peoples faced lots of problems to survive their basic needs. In this time we need a new type of transaction technology. So that digital payments are banking or any kind of wallet for the transaction. Is enough secure but it also has some problems such as hacker issue money thief through the internet. So, it might be complete security. Digital payment step towards to digital India. Nowadays.
Everyone can access the internet at low cost. And it's used increase the GDP rate also.
(4)
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