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

Well, I think digital payments is secure enough. Today in this hurried world everyone has a knowledge of how to make payment through online. It is quite happy. It is not possible to carry the big amount where ever we go and it is a security problem also. If we make a habit of using digital payments it doesn't cause any insecure problem.

I see this situation as an opportunity to bring up India out of corruption, poverty and iiletracy. Since demonetization people have come to understand what is ATM, net banking I believe with time we will cope up with the challenges expressed earlier by many of my friends. If we want change it should begin from I, thus its my your and our responsibility to work together to fight against cyber crime. Literate people like me can work together organize small campaign in your society itself to make them aware about the changing world. It was really fascinating for me to see a note "ATM cards are accepted here" around a small thela near the tourist place. PAYTM being accepted by taxis this are the opportunities for us to go cashless and fight against the corruption that pulls India back foot.

As I feel as compared to other countries there are around 192 countries in the world and where we talk about developed countries most of them are digitalized. So, become aware of this fact their economy is also on d best position than India. See they have also security issue but in recent era, every prob has a solution and every activity has some risk. Because of only security issue, we won't adopt cashless payments, not a right choice. Every county had at their time resistance to change issue, Security issue but they overcome it. Same happening with India we will overcome all issue after taking into consideration of time factor.

In developing country like India which has a huge population, it is difficult to make all citizens aware of the technical services whereas we are not fully equipped in technical aspects. The idea of pm to go cashless is not satisfied all of the scenarios but it is a good initiative. In my opinion first before making Indian economy cashless government have to provide some basic plans or schemes in which technical people teach the villages citizens and all others about the digital payments process.

In our country, people who belong from rural areas are totally unknown from current technology so it is quite difficult for them to understand the procedure of digital payment whereas they even didn't know about ATM or internet banking.

Again, I repeat my words its a good initiative but government have to implement this after few year.

At first educated people should starting using digital payments, if we educated people to start using then we can bring awareness to the people around us, why people around us lets start from our home. If we start from home then slowly it moves from one house and from house to every people. We need to create awareness among people through newspaper and through the pamphlets and we need to move our country towards one generation.

In my point of view, digital payment is not secure until or unless everyone got to know about this thoroughly because there are many rural areas where people do not about smartphones, how to use them, what is digitization, how to make payment online and all. So until each and everyone is not aware of these things digital payments is not secure enough for the Indian economy to go cashless even though it has many advantages.

In my point of view, digital payment is not secure until or unless everyone got to know about this thoroughly because there are many rural areas where people do not about smart phones, how to use them, what is digitization, how to make payment online and all. So until each and everyone is not aware about these things digital payments is not secure enough for the Indian economy to go cashless even though it has many advantages.

In my point of view, digital payment is not secure until or unless everyone got to know about this thoroughly because there are many rural areas where people do not about smart phones, how to use them, what is digitization, how to make payment online and all. So until each and everyone is not aware of these things digital payments is not secure enough for the Indian economy to go cashless even though it has many advantages.

Yes, it will. But we need to Implement security system. Daybyday the hackers are increasing. The Government must emerge a security to an app like Google it should not to hack. Then it ll be best. Second major problem is illiteracy. As 1 member of family educated can teach to another person to how to handle digital people. Digital payment saves time to pay by hand by staying in queue. The Major advantage is digital payment ll help to rid of corruption and black money. All money ll come in use help maintain an economic condition of India.

I would start with an example of one of my friend who lost 30,000/- of his cash somewhere just a few days ago. And guess what, he doesn't even have a bank account. This situation for him would not have arrived if he had a bank account and cashless economy system.

I agree that there are some disadvantages of the cashless economy also, but what I believe is there are some pros and some cons for everything. Instead of keep boasting about cons if we work on it, the things will be great and it's the responsibility of us, the youth, to make the illiterate people aware of this things.