Are digital payments secure enough for the Indian economy to go cashless?
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2111 comments Page 114 of 212.
Sarath said:
8 years ago
Hai Everyone,
The idea of Digital money was good and had made most of our transactions efficient and fast. But as per today's scenario in India the economy can't go completely cashless as there are people who will take time for getting adapted with the reforms. It is so because the small retailers are not aware about the digital money and its benefit and they are making transactions in paper cash. But allover the idea of digital money was good and it can contribute a great hike to the Indian Economy.
The idea of Digital money was good and had made most of our transactions efficient and fast. But as per today's scenario in India the economy can't go completely cashless as there are people who will take time for getting adapted with the reforms. It is so because the small retailers are not aware about the digital money and its benefit and they are making transactions in paper cash. But allover the idea of digital money was good and it can contribute a great hike to the Indian Economy.
(7)
Ankit S said:
8 years ago
Hi,
According to me, yes it is good to go cashless, but gov should promote such things in a high level that everyone must be aware of the benefits, most of the rural area people are still unaware of such things due to less knowledge and awareness. We can say it is secure but only for educated people not for everyone, gov should start campaign in rural area and promote learning and knowledge related to this.
To make it secure the best way is to keep this cashless platform in limit and less privatize.
According to me, yes it is good to go cashless, but gov should promote such things in a high level that everyone must be aware of the benefits, most of the rural area people are still unaware of such things due to less knowledge and awareness. We can say it is secure but only for educated people not for everyone, gov should start campaign in rural area and promote learning and knowledge related to this.
To make it secure the best way is to keep this cashless platform in limit and less privatize.
(15)
Paras said:
8 years ago
According to me, yes it is a secured method, digital payments do not involve only payments through mobile phones over the internet. As we know, today almost 70 percent of the population is having their debit card or credit card or accounts in banks through which digital payment can be done anywhere via card swipe machines etc. Which are available almost in every shop except a little bit less in rural areas and these payments can be done by illiterate people too as it involves simple and secure steps.
(14)
Patatu said:
9 years ago
Good morning friends, we have a good topic for discussion: digital payments secure enough for the Indian economy to go classless:
Yes it's secure, and it will keep the record that is who is sending money and who is taking and who is given so that it helps to reduce growing corruption in India.
I t reduces the time, to do the transaction, as it is digital we can transaction form anywhere in a globe.
And provide security also, because of its only transfers the money after the validation.
Good luck!
Yes it's secure, and it will keep the record that is who is sending money and who is taking and who is given so that it helps to reduce growing corruption in India.
I t reduces the time, to do the transaction, as it is digital we can transaction form anywhere in a globe.
And provide security also, because of its only transfers the money after the validation.
Good luck!
(14)
Priya said:
8 years ago
As everyone knows, the secondary motive of the demonetization is to establish cashless payments and make India a Digital India. Due to the illiteracy of rural people, the frauds, and hacking take place by sharing confidential information with others. This can be reduced by bringing cryptocurrencies like bitcoin, one coin etc. In to existence in India which cannot be hacked. Educating the people about the advantages of cryptocurrencies is strictly necessary for the development of the economy of India.
(4)
Sandeep Mishra said:
8 years ago
According to my point of view, digital payment is not enough secure for Indian economy because it has many reasons if talked about our country the people are so educated and there is much diversity in education but in other countries like the USA the education standard is mostly equal and other many reasons are that peoples of India is not able to digital payments because of electricity and because of the speed of net. Sometimes it happens that our transaction ate failed for many reasons. Thank you.
(5)
Ashoka said:
8 years ago
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.
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.
(8)
Swarika sinha said:
8 years ago
They are not secure enough for the Indian economy to go cashless because there is still network and internet problems in rural areas of our country and major of the rural areas population is not literate enough to know all the security measures related to money transfer or any other transaction. Any third party can take advantage of that and can access it. Apart from rural areas security of all digital payment application needs to be more secure and reliable to rely on them for India to go cashless.
(3)
Nidhi said:
9 years ago
Though Demonitization Is quite a good move by PM Modi, going cashless has its own flaws. Safety is one issue which keeps everyone from going into cashless transactions. Corruption can come to a halt if cashless transactions are promoted but not everyone will go into that because of risk of safety. Hacking into accounts and losing money is obviously a threat in cashless India.
Moreover, there are people who still don't have access to all such facilities so going cashless has its own Pro's and con's.
Moreover, there are people who still don't have access to all such facilities so going cashless has its own Pro's and con's.
(8)
Abhishek kumar said:
7 years ago
Hello everyone,
I am in the favour of this topic, We can go anywhere and we don't have to think about money. Because ATM service is available in every place now. And we can do digital payments everywhere. And it's secure technique because everything is connected with the Aadhar card and we also use our phone no. To secure the account. And everyone should be aware of not giving pincode to any stranger person. So I think if we don't do these type of silly mistake then we can feel secure.
Thank you.
I am in the favour of this topic, We can go anywhere and we don't have to think about money. Because ATM service is available in every place now. And we can do digital payments everywhere. And it's secure technique because everything is connected with the Aadhar card and we also use our phone no. To secure the account. And everyone should be aware of not giving pincode to any stranger person. So I think if we don't do these type of silly mistake then we can feel secure.
Thank you.
(21)
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