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

According to me, the very first question is not that whether the digital payment is secure enough or not but it is that how much population is still aware of it. In a country like India where 65%-70% of population is still lives in rural areas then it becomes very important for the government to first aware them and offcourse should take initiatives to make digital payment more secure in a way to make aware the people who don't have much knowledge about it.

In my view, digital payments are not secure in a developing country like India. Basing on the fact that western countries run majorly on the cashless transaction, we should be able to think of the country's present economic structure. There are some rural areas where a smart phone is not known. Being in such a country that the cyber rules are not good enough to handle cyber issues. Educating people on a cashless society and making them habituate to the technologies even in rural areas can have a scope to develop a digitalized nation.

As meera said, we have to take initiate from our side, because changing should be done on our side. If we start digital payment on our house it's a good start of every one knowing that our house mades. There also take interest to use this. And in my view, digital payment is very useful. Because now a days the online shopping is also increased. We can transfer the money by the blink on a eye through digital payments. And some people may afraid that it has some drawbacks also like insecurity of account hacking should be done. By this government take a strictly action also. So the people who don't know about digital payments. We have to make a awareness of this through the commercial advertising also. It is a great platform for connecting with the people. By this the black money should be avoided and our financial status also increases. Finally my conclusion is go cashless is also very safe and secure and encourage the digital payments for our bright future.

Hello everyone.

As per my serve, some business man or retailer give charge on digital payment 1.5% when the customer charges on the charge rs 10000/- charge 150/- he could not paid digital payment. He think about charges.

From my point of view, digital payment for not secured. Indian government have to make some high level security for the online transactions which helps to reduce the frauds and people. Can use digital payment without hesitation?

First of all, the thing we need to understand is that nothing is safe in internet. The thing we can do is taking preventive measures. As to talk about secure digital payments, the mode of transaction is safe upto an extent but the thing need to remind is preventive measures such that don't share your otp passwords and etc.

Digital payment methods are now one of the most growing fin-tech methods, but that is not the immaculate system, especially in India, the ere are some loop and holes in this system. We have seen million of S.B.I accounts were hacked by hackers at the time of demonetization it shows the vulnerability of our data on internet. Our cyber laws and cyber cell are still not that enough to control these kind of activity which may cause our countrymen a huge economic loss.

As my point of view, digital payament is very good because its convenient for India users but one most demeit for village peolpe becuse most of people no enough education about how treat the digital paymnets or online transation so first be need educating people than do the implementation the digital.

According to me, Indian economy is in great trouble due to G. S. T and demilitarisation. Our governments are setting goals and working, one of our goals is going cashless, in developed countries like USA total economy is cashless there must be a liquidity, nowadays cyber crimes are more. I thought digital payments are not secure enough. This a good idea and implementation must be done by using strong principles.

Hello Everyone,

Talking about the security of digital payments, India is yet not well equipped to make this move secure and risk free. Govt should educate people on how to use digital payments, strict rules should be made for penalties and severe actions to be taken on fraudulent payments, RBI should set standards with e-wallet companies to avoid them to take undue advantage, Heavy investment should be done to make the digital infrastructure secure. Make digital India should move on but giving enough time to existing structure to change gradually. It should not be on the cost of security of citizens using online payment systems.