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

Hi everyone.

I am Malatesh Daddikoppa.

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

It's have few advantages and few disadvantages also.

Advantages:

1. Time saving.

Digital payments are helps save lot of time how means without digital payments we need to go particular place which we want ie banks, purchasing activities etc for doing transaction or making payments. But digital payments are help doing transaction in our phone only with the help of Internet.

2. Less costs.

Here we can save transportation charges and other kind of any charges so it's very helpful save our money.

3. We can save our energy.

Here we save our energy also,

We don't have any kind of physical work here just we need do transaction in our phone also.

Any kind of technology.

4. It is safety.

It is more safe compared to cash, when we have cash with us in such case there is chances of trouble from pick pocketers so it's very safe.

Disadvantages:.

1. It is very hard to understand for illiterate peoples.

Currently India have 75 percent literate peoples remaining are illiterate people, they can't understand these kinds of payments systems.

2. Chances of hacked.

Digital payments not secure enough there is chances of hacking also.

Use of digital payments are partially enough as India focuses on inclusive growth but this facility of government can be utilised only by middile or elite section of society. Now also there are many places that are lacking this internet facility. 37% of people are still below poverty line. They even don't have proper food to eat then what they will think of buying android mobiles or having net connection. Benefits are there of using digital payments like inc. In transperancy, reduction in black money and corruption, financial inclusion but this all can only be possible if technological system is improved and everyone can afford smart phones.

Thank you.

Hello.

Yes, digital payments are secure enough for the country to go cashless. Since digital payments are fast n safe. It also helps the economy to overcome the corruption problem. There is a need for call of special training program to make aware how digital payments system works, benefits regarding digital payments etc.

During demonetization usage of digital payments had increased a lot. Our honorable prime minister also suggested to go cashless. Yes I agree with digital payments because it helps to reduce corruption or black money. This notion is reaching to metropolitan areas then what about the villages.

Hi friends.

In India, many people are corrupted in our country. So, our government take a good step to make our country cashless. And using digital system provided by the government like ATM card etc. But many problems can face by the people of our country because they don't know about the online paying. But they know that our government step is good to make our country cashless.

Yeah, I think so because it helps especially middle-class people to save their money through several taxes that is applied by the salesman to a customer. And even it saves time and efforts.

Hi, friends.

After the action initiated by the honourable Prime Minister Narendra Modi, many people supported this act because it will stop the flow of black money, fake currency, etc. But some poor people have faced many problems because they don't even have ATM's to use. But later on all the people believes that it was great acts provided by the government. It made that India as a digital country.

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

After demonetization digital payments and transaction has increased, it shows that economy of India moving forward to go cashless. Now these days all digital payments are secrud by many security system that no one can miss use the others credentials while paying digitally. Indian government is also promoting the digital payment.

But Indian economy can't become cashless it will take many years to go cashless because in India rural areas people are not so much knowledge about digital payment, Indian government should take steps towards this type of problem.

Hi.

According to my point of view, Digital payment is a good way to the growing of economics India.

Because there is some black money are reduced and also reduce corruption.

There is more beneficial for us that it saves time, and secure I know today in India someone doesn't know how to operate digital and also a problem if any hacker hacks your account, and also a problem in digital payment if server are not working proper ways. So my conclusion is about the digital topic is very well and some bad because everything is not perfect.

As per my view, it is good to go cassless which would develop learning about new methods regarding digital payments. People can easily pay their their bills without standing for a long time in queue. It saves time and energy of individual.