Are digital payments secure enough for the Indian economy to go cashless?
Points to remember before you participate in this discussion:
- Assume you are one of the members of a real group discussion.
- Take the initiative to participate and contribute your thoughts.
- Contribute your positive thoughts towards providing the solution.
- Post your thoughts here.
Discussion:
2111 comments Page 108 of 212.
Abhishek Singh said:
8 years ago
Yes, digital payments are secure and benificial for Indian economy. Now a days every person is busy in it's work so if they will stand outside ATM's for hours then this will be loss of time for them so everyone do not want to waste their time to collect money from ATM's and then use that money. By using digital payments method anyone can recharge as well as make shopping from their home by transferring money from account to account via mobile phones. So overall digital payment is time saving, secure and easier to use.
(13)
Adarsh J M said:
8 years ago
Hi, India is a developing country and most of its income is from agriculture making everything in digital payments is tough task. In some places of India people are still living without current and facilities provided by government in such conditions we cannot go for digital payments, of course digital payments avoid curruption and saves time but it needs little education. In metropolitan area it is better to make use of digital payments so that in future the idea and benifits of digital payments come in to existence.
(3)
Vicky said:
9 years ago
I agree with all your comments. But, it's not ease to possible to made cashless India. However the Indian government was tried to cashless India by conducting several programmes and etc. Min it takes 3-5 years just understand what is online that's it. An illiteracy rate is higher in Bihar. It is a very very typical process. The main use of this process is internet surfing charges and bankers transaction cost extras. Later I came to know there is no need to maintain an income tax department when no corruption in India.
(3)
Suman Bera said:
9 years ago
I believe that India will be a developed country in just 100 years. Why? Reservation. Now, how do I relate this with "cashless India"?
For transactions to go completely digital, you require parties on both sides to have sufficient knowledge. The sad truth is, however, the illiteracy rate is surprisingly the same as it was 5 years ago. Even though there are opportunities, reservations impose constraints which is not only disallowing growth but also driving away literate people who want to be something and are general.
For transactions to go completely digital, you require parties on both sides to have sufficient knowledge. The sad truth is, however, the illiteracy rate is surprisingly the same as it was 5 years ago. Even though there are opportunities, reservations impose constraints which is not only disallowing growth but also driving away literate people who want to be something and are general.
(15)
Piku said:
8 years ago
In my point of view, digital payment is secure for the Indian economy in many ways it save time also from 50 rupees till large amount can be transferred easily and safely people don't have to stand in a long queue waiting for their turn whole day. Any time of the day we can make transaction its really helpful during emergency situation when urgent money is required its like carrying bank in pocket also we don't have to go through any kind of paperwork not only that its take only a few minutes to get transaction done
(19)
Kuldeep Kumar Maurya said:
7 years ago
Digital transaction are totally based on internet and in India rural areas do not have enough internet connections and due to low internet speed and low knowledge of digital transaction in rural areas they may suffer alot during transactions. But in urban areas people are very much aware so in urban digital transaction are easy but most of India is in rural areas so first we have to provide good internet connection and train people about digital transaction and security features then people can go to cashless economy.
(21)
Pradeep vg said:
7 years ago
I think the digital transactions s necessary for our country. it reduces the time and also we can do transactions at any place and time, all those UPI banking apps are encouraging by providing cashback offers through OTP so that we can have extreme protection for our transactions. but this is only suitable for educated people. some anti-Indians are made use of this illiterate peoples and get their bank details and cheat them. so the government and banks should give proper awareness to peoples on online transactions.
(31)
Aravindh said:
8 years ago
Hi, digital payment means its a kind of automated technology it has many pros & cons. Digital payment is a not a new technology but the awareness is rolling out now being a new we have afraidness. So the technology involved is not a major problem only we humans are misusing others banking accounts, credit/debit cards.
Before achieving cashless system the concerned banking sectors and governments should give awareness & ensure the secure digital transactions. We are not ready to go cashless system right now.
Before achieving cashless system the concerned banking sectors and governments should give awareness & ensure the secure digital transactions. We are not ready to go cashless system right now.
(13)
TRESA said:
7 years ago
Good Afternoon friends,
In my view point, for each and every development there is prons as well as cons. As we know INDIA is developing country, thus we need to adopt new technologies and developments. Therefore in my view point in this present stage digital payment is not secure enough for our country due to lack of technology as well as lack of education.
But I'm sure that in future if our country give education as well as improvement in technology it will be secure enough for the Indian Economy to go cashless.
In my view point, for each and every development there is prons as well as cons. As we know INDIA is developing country, thus we need to adopt new technologies and developments. Therefore in my view point in this present stage digital payment is not secure enough for our country due to lack of technology as well as lack of education.
But I'm sure that in future if our country give education as well as improvement in technology it will be secure enough for the Indian Economy to go cashless.
(2)
Vineeta said:
8 years ago
Hi everyone,
Government has taken a step towards the corruption free country by introducing the digitization, however it is also important to teach about the digitization in the rural and urban areas and also the security of the card, so that no one can fool them, where it is not popular to use card or any app for payment so they can understand the positive impact of digitization and they can also lose the fear of threatening of cash, it is easy to carry card with respect of high amount of cash.
Thanks.
Vineeta.
Government has taken a step towards the corruption free country by introducing the digitization, however it is also important to teach about the digitization in the rural and urban areas and also the security of the card, so that no one can fool them, where it is not popular to use card or any app for payment so they can understand the positive impact of digitization and they can also lose the fear of threatening of cash, it is easy to carry card with respect of high amount of cash.
Thanks.
Vineeta.
(2)
Post your thoughts here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers