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

In my point of view, Digital payments are good in some of the areas and bad in some of the areas. In rural areas people don't know much about this so it is not beneficial for them whereas in urban areas it is good as government can track the transaction.

I think digital payments and transactions are good up to some extent but using this way of transactions furthermore may increase to so many problems like hacking. In order to overcome this problem, anti-hacking projects and safety measurements should be taken. According to a recent survey, there are so many professional hacking opportunities in the world to overcome these anti-hacking things, but people are not having any interest in unofficial hacking rather than becoming official hackers. Bad can easily inculcate to any individual rather than good ones. So to increase online transactions furthermore, we need to take some extra preventive steps to make it more effective.

No, the digital payments is not secure enough for the Indian economy because in India at least 70%. Or more population lives is rural areas and most of these rural areas can never even think about going cashless because what they believe is that green or nowadays purple and solid paper money. Most of them don't know how to use even mobile phones so how can they handle sudden change It won't happen until we develop those areas. I use the word 'we' for a reason because it's only we the people of India who are literate or educated or in commanding position who can make the change possible can develop those rural areas and then talk about these changes such as digital India.

For me it's too far from reality to go cashless yes it's a positive move but it will take at least 25-30years of hard work (that is first to develop those rural areas, teach youth as much as possible, upgrade the schooling system) then we can talk about the change (a complete change).

Now the little change is a good thing and it will be helpful for the future. But saying about complete cashless is too much to ask and far from reality.

Hey everyone, Good morning.

I am Shatrunjay Prabhat.

Well, going cashless will be the best thing at this time. It will save people from goons who snatch their money. It's fast and reliable. Bhim app is one of the great initiatives of our government. We are using it and I don't any of us had gone through any fraud payment through Bhim app till now. So it's secure. Security is never enough so we should always update it time to time. Also, it will eliminate the black money from Indian economy.

But, is it really feasible? I don't think so. Mostly in villages people don't know about this. They are not aware of the technology. Even in metros, street Vegetables and food vendors prefer cash payment. But no doubt we are growing very fast. One day it will be feasible to go cashless but for now going cashless is not going to get us success. Our economy will fall.

Hello, Everyone. I am Pratik.

Yes, digital payments are secure to go cashless. There are lot of initiatives are taken from IT sectors to secure the digital payments. They are faster, saves time and reliable to use.

Only a drawback with this digital payment is that this system is becomes difficult for older citizens and they need to learn it.

Digital banking is a step towards new India.

As if consider I have to transfer an amount of Rs500 to a friend, I have to follow the same procedure for transferring an amount of Rs50000. And the time consumed is also same. It's ok for a high amount but for a small amount, it's not ok.

Secondly, banks are closed on Sundays but not net banking.

We don't have to fill up forms, go from one counter to the another to complete the procedure. Especially at SBI.

Nowadays maximum people have Android phones. I'm from a small village and I clearly know that maximum people enjoy WhatsApp.

Even they are uneducated they know to use Whatsapp then they have sufficient intelligence and presence of mind to take care of their own money.

No.

According to my point of view, I can say it is not secure enough. Hackers are well trained and can track each and every piece of information from even the educated folks. The illiterate persons can easily be manipulated by a single phone call asking for very important details.

And getting fooled nowadays.

Even Literate people are finding much difficulty to get to know about full features of recent apps and websites.

I prefer a perfect worldwide awareness about all basic digital features trending nowadays throughout the entire world and each person should be educated about the negative side of the product so that can alert them while using it.

I disagree with digital Payment because some people have not a smart phone and no other way to cashless payment and in digital payment many banks server is down and after one or half hour custmor are waiting. So please government should right the links and servers then allow the digital payment.

Good Morning everyone.

Hi I'm Avinash.

Digital payment is very easy and secure compare to cashless payment. In Cashless there are different problem to create in a present life but when the digital payment is come so all work like that internet banking, mobile banking etc all are easy to use. Bhim app it is the most secure and powefull app for digital payment.

Whatever digitalisation take place there is always a respect for papered currency in INDIA. So wherever one roam around in our country it will be more secure with a little of solid money in our hand which is a sign of confidence and safety for common people.

Thank you.