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

Our honourable prime minister has taken an immemse leap in the processings of the Indian economy by implementing e-transaction. Not only will it help to fight black money but also will reduce the percentage of raw cash running in our Indian economy. People, specially in the metropolitan cities who are aware of online payments should use their knowledge in order to use less cash and make it available for those who need it in the remote areas. But with the increase in cashless economy, fraudulent internet practices have also gone high. So people who are new to this must understand all the information first and then take any step. And if India is thinking to go cashless it needs to make the digital payments secure so that more and more people join in.

According to my point of view, go cashless is a smartwork. And it also helps to grow up our economy to a next level. But thing is that before we go cashless we must know how to actually it happen and in which procedure it's more secure and effective and privacy. So that digital payment is enough for next development of our country. Otherwise, it's riskier for us. According to me first, we have to secure it then use cashless payment.

Thank you.

Yeah, digital payment system provided people with a lot of facilities. People can pay their various bills online and save their time and efforts by not standing in a queue. Also, it provides facilities to travellers from overseas as they can make their payments easily and also they will feel safe from not getting robbed. And I don't think so making digital transitions is totally unsafe because the government is taking a step forward to make this transitions safe from hackers. Also, in rural area's today's generation is not only educated but also knows what's the internet is and can Handel the smartphone without much difficulty and if proper awareness about digital payment is spread then people all over the country will be able to make the digital transition.

Yes, digital payments are secure enough. No company has any interest in playing with the safety of its customers. That threatens its own existence. It's the hackers and other frauds that take advantage of the limited knowledge that people have. So to overcome this preoblem, people need be educated on these lines. For eg. They should be told not to disclose OTP to anybody maong many more other things.

It is the great idea, we are becoming a part of cashless society, but before government should be conducted awareness program of our society, as we know that still now very illiterate people don't know how it is work, so my point of view unique step and awareness both are needed to develop any program.

Hello everyone,

In my view, going cashless in a tremendous step but before moving towards this goal we should ensure that many steps are taken into consideration for account safety due to online frauds. Recently we all have witnessed a cyber attack named 'ransomware'. Another hindrance is low percent of knowledge about the online transactions by man of streets. They do not know how to carry out these processes. We will be able to save millions of tonnes paper thus our trees due to cashless economy.

Hello everyone, we are discussing the security of digital payments, but according to me in terms of digital payment the main issue is awareness much more than security, I am not saying that awareness in terms of only privacy of passwords, OTP etc. But there should be awareness in terms of how we represent the cashless payment to other. We create much more hypothetical situations in terms of complexity and security of digital payments but there is nothing like that. If we are outside home, we have to care about our wallets, we have to take care in a home also that anyone can't be stolen the money in the same way we have to take a little bit care about digital payments that we should not share any confidential details about it. That's it. Now anyone can do digital payments in very easy terms than physical cash.

As India is not developed country. It is developing country. Most of the Indian population is illetrate. And they will not understand the idea of being going cashless. First government should have to take the initiative to educate them. Before focing on this idea of being cashless. Proper knowledge should be shared with all. And secondly India lacks proper security systems. They are rising case of cyber crimes. Steeling of data etc. So first of all these two factors should be taken into consideration. So for now by seeing the present condition I don't support the idea of being going cashless.

Yes, by my opinion, cashless transaction is a step ahed to make our country as the developed nation. People don't have trust on cashless transaction even if they are educated. Our government aware people regarding to carless transaction means you can do transaction at anytime, anywhere and also you reduce the time which spend on bank line to take and withdrawal money or transfer money.

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.