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

Hello friends,

In my opinion, going cashless is good enough for increasing the economic condition as well as reducing the time taken to do a job related to money but the thing is we are in the age where in some places people's still don't know how to use Facebook, then how can they do things like online transactions Moreover in most of the places banks are also not available, peoples don't use banks to keep money due to unawareness then how can going cashless work there.

So, from my side conclusion would be that it's well and good to apply cashless transaction everywhere but before that people's need to get aware of that things, and also it should be easily reachable to everyone.

Hello everyone,

As per my opinion, digital payments are secure enough but some people are not aware of digital payments. The person who are illiterate they do not know about it. Government has to make aware of it so that all the people can take profit of it.

In my opinion cashless transaction is good for India. Because India is developing country so it required tobimprove our economy. But educated know about the pro and cons. We have to involve to awareness about cash less transaction. In India just 2 percentage of people are using. Cashless transaction. In cash less is reduced black money and too much time spend the bank. So cashless transaction raise the question about security and cyber crime. So bank providing good security systems. So cashless transaction required for current situation.

Yes, digital payements are secure enough for India to go cashless but only valid for trusted authorities. As an Indian where most of the people are middle class, money matters a lot for them and if something wrong goes with there payment can affect them a lot thus in order to promote digital economy firstly government has to make sure that all there transactions are safe with this website or app and thus go for digitisation.

Digital payments is surely benefitial by saving our time and transforming Indian economy. But the security reasons are a major concern. The cyber crime and hackers are smart enough to tackle the technology. Whereas the poor and the illiterate have no knowledge about it. Thus it will be much better first to make an "educated India" than a "digital India".

According to me, its a bold step to implement on the country like india, we don't have proper Internet speed. Half of the population don't have bank accounts and the one who have most of them don't know how to use it. And safety issues are always there.

Hello everyone,

In my opinion, digital India is a good idea which make our transactions quicker and easier within fractions of seconds and it is the modern technology which can have better control over administrative and finance. But as we know for every thing there are pros and cons by using online transactions there arises security problems and recently we came out from cyber crime.

If we observe in our Indian population many are comfortable with non digital transactions as they are unaware of advantages of online transactions, so suddenly a complete change cannot be expected but educated youth should explore this technology atleast within thier houses so that we can expect modernised transactions in every house.

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.

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.

Hello friends, good morning.

Yes, It may secure for the Indian economy, But the digital payments are not enough to secure. The large population of India resides in the rural areas. They are not aware of digital payments and bad expert of this field take benefits of this.

So, Go for cashless is good, but the thing is, make aware as soon as possible to the common man so Indian economy gets the benefit.