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

According to my point of view, it is the good design has taken by the pm Modi. As all of us know that India is also developed the country. So using BHIM app whole India can do the cashless transaction over the cell phone. It is the very good design.

As per my view this processes is useful but not now, in our country because of lack of awareness in education system in rural areas and also India having lot of corrupted ppl in politics first we will choose right candidate in elections and you fight for cashless n paper less transection.

Yes, digital payments are more secure and convenient. Through digital payments, we can save lots of time and do lot more like check last transaction, balance, money transfer etc. People will gradually know how to use digital ways. The government should take initiative to form a committee or organisation which will educate people about digital payment. In a long way Indian economy will go cashless.

Thanks.

Yes, but not now because there are lot of corrupted people in our politics and in our society. People in rural areas mostly are illiterate and they don't know how to use digital payments. If government concentrate on this problem, it will be very helpful in developing our country and one more thing, digital payments are not secure because of these corrupted people, they can easily hack the servers. If government provides enough security for this, we can make India as digital India.

It is big step taken by the PM Modi. But digital payments are secure but for Indian economy, it may not work properly. It works only urban areas but in rural area it maybe not work just because of network strength. So the conclusion is if every digital payment are secure in Indian economy then it is a huge achievement to go cashless.

Yes, Because of this digital payments every one should use only cashless transactions. Based on this, everyone should keep their money in Banks or savings accounts. Automatically, the country will be getting good growth.

Yes, Digital payments are secured enough for the Indian economy to go cashless but this payment system is not used by the peoples who are not educated. For this, we have to spread the digital payments to the people who are not using this and this can be done by government on a large scale. If only we will promote the apps but not the process of using it then it will be of less use. For using the Digital payments there should be a bank account of everyone so this should be the foremost thing to be get done.

I don't think this is a good step if you consider the whole country. If we consider only a state like Delhi where around 25-30% of the population don't even have permanent residence proof (living in unauthorised colonies) so most of the people don't have bank accounts. And people are not properly educated to handle the online transaction. Consider if you want to pay online through credit/debit card you have to pay tax. In order to save tax, you use a vendor like Paytm, meaning people will rely more on these sites which may not be the safest mode.

Well, it made a tough situation for the beggarly as its quite difficult for them to understand the complex methods of transactions. Although it's a wonderful decision by our honourable prime minister, but the middle class of our country must be provided with the information to move with this e- governance generation. Let's hope the best for a digital and competitive environment.

Hackers everywhere: It is not long back when ATM fraudulence disturbed a lot of people who lost money and had to wait for quite a long time to get it refunded from banks. Over the last week, we saw that twitter handles of prominent leaders were hacked and abusive posts were made from it. Email databases were accessed. The biggest issue in US at the moment is also on Russian hackers accessing the system of party members and their databases. This is a scary enough tale for a nation that plans on going cashless.

Falling into traps: If latest reports of Norton Cyber Security Insights are to be believed Indians are the most prone to falling into tramps of phishing and hacking. We just don't know when to click and when to simply avoid. The ads are not always secure and we aren't supposed to clicking on things randomly but that is not known to most people who are either using digital.