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

Hi everyone.

I am Sarath Sasidharan.

Digital payments are secure indeed. But I won't agree that it is secure to go cashless. There are many areas in our country where we could find a smart phone very often also many of our country's business institutions haven't been digitalised Yet, mainly in rural areas.

Recently, we are familiar with a word "digital payments". Let us 1st understand what actually means it. Digital payment is a kind of payment in which we can make payment by using debit cards, credit cards. We can also make payments through online transactions with the help of different applications. It is an easy process to make payments digitally. After demonetization, the use of digital payment has increased. These systems provide enough security to go cashless. But there are many drawbacks. In India, there are many people who cannot afford to buy smartphones. There are so many people who cannot get the education facilities. Also, some people are not enough serious while using debit cards. Due to this, some dishonest people hack their account and steal their hard earned money. Be a citizen of India we should have some duties for our country. We should create some campaigns and make awareness to people that how to make payments digitally. Making India digital is a very good idea. But without proper infrastructure, it will destroy our economy.

Well, it's good that our country is growing in every way. But digital payments are not enough secure for the Indian economy to go cashless. Firstly, there can be a problem of hacking. But this problem comes later as there is a bigger problem. For Indian economy to go cashless everyone in India should know how to make digital payments. For metropolitan cities, it's ok but for the rural villages. The government should carry out a training program for them to make everyone know it. The government should make sure that by using this method everyone should be in the comfortable zone. No one should have a problem using it. Everyone should use its benefits after implementing it.

Hi all,

As per my point of view, this topic is very important for our country. Its positive step to improve our digitization. Most of beneficial thinks are include in this topic. One of the best benefit is, it is help to stop the corruption and black money. It is help to save the time.

Digital payment is very secure and helpful to use. We can use this easily and safely but some people need training. For that government should take step to guide the people. How to use the digital payment via mobile and computer.

According to me, digital payment secure enough for the Indian economy to go cashless.

As everyone knows, the secondary motive of the demonetization is to establish cashless payments and make India a Digital India. Due to the illiteracy of rural people, the frauds, and hacking take place by sharing confidential information with others. This can be reduced by bringing cryptocurrencies like bitcoin, one coin etc. In to existence in India which cannot be hacked. Educating the people about the advantages of cryptocurrencies is strictly necessary for the development of the economy of India.

In my point of view, digital payments secure enough for the Indian economy to go cashless.

Because digital payment have some advantages like it saves time, it is safe.

But there is little chance for hacking.

For making 100% secure payment, our country is required to adopt security techniques which is used in other country like USA, japan.

Hello, friends.

As per my opinion, there were so many advantages of digital payment, such as it 1: it save time 2: quickly transferable 3: we can access at any time (day/ni8) and so on.

But as M.Gandhiji said, "Our India lies in villages". If think about village people so many has unaware of these term known as digital. Most of the pepoles are Iliterate so it becomes more difficult for them. Even though persn who's income is 5000/6000 how he or she can effort samrtphones, if we hav to make our India digital firstly we have to aware of the term soecially in villages, we have to improve litracy % I think still it takes 5to6yrs minimum to makes pepole litrate so in my opinion todaydigital payment still today is not secure for Indian economy. .

In my opinion, in the present situation, our country can't switch completely to digital payments. Digital payments have many more advantages than direct payments. They are fast and simple and it helps to reduce corruption level, but in our country, most people are poor and most don't have access to the internet and all the users of the internet are not aware of digital transactions. Most of the people in rural areas don't have enough knowledge about digital transactions. At the same time, all users of digital transactions don't know about the risks in it. Many are unaware of the importance of keeping passwords secure and about hackings. So, there is a risk of being cheated. So, I believe that we can't immediately switch to digital transactions, but with time we can do it.

Hai frnds,

We know all of you digital payments is very secure and to reduce lot of corruption. Our Indian government has developed some what good technology like (mobile cashing, online payments) but awareness is very less.

In rural and village peoples how to use and how to work technology try to give awareness to the people.

Smart technology awareness and implemention in our hands. How to developed technology this is govt side.

Please try to change our mind sets try to giving awareness to unaware peoples.

Thank you.

Yes, I agree Digital payment method is very fast and safe. Digital payment means all the corruptionist are suffer but they rural and uneducated people are highly suffered in many ways.

Because those peoples are didn't have android mob nd how to use that mob.

Our honorable PM Mahendra Modi G announced 500&1000rs banned.

Before that our government to create awareness for the digital payment method in our poor and rural areas people.

After only to Service easily even though the rural areas people.

Those people are very intelligent compared to the metropolitan citizens our rural areas people only to cultivate the agricultural.

"Agricultural is the backbone of our country". Said by Mahatma Gandhi G.

The daily earned worker salary 200per day means how possible that digital India method. In our SBI all people must maintained our back Min balance 5000rs in our daily earned worker salary 6000/month. 5000 Min bal should be maintained means how that worker run the life in just 1000rs.

It's impossible.

But I'm surely agree that the digital India is increasing our economic level but take some time.

Thank you.