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

According to me, nothing is fully secure here. If you carry hard cash, there is a problem of theft & if you are doing digital payments there is a problem of cybercrime. But if we see, we can control the problem of cybercrime as various laws are getting introduced to it. So there is a solution if people think that digital payments are not secure.

Now, if we talk about the initiative taken by PM about going cashless & encouraging digital payments, then I think it is one of the best initiative taken in order to make India Developed country. This will give a boost to our economy. It will increase the pace at which our economy is moving & most importantly it will control tax evasion problem. Also if we go digital, government's revenue generation will increase as the share of taxable population expands.

But for this, we have to work on some issues like infrastructure, educating rural population & ask them to use new technologies for their betterment.

Yes, I agree Digital payment method is very fast and safe. Digital payment means all the corruptionist are suffer but they rural and uneducated people are highly suffered in many ways.

Because those peoples are didn't have android mob nd how to use that mob.

Our honorable PM Mahendra Modi G announced 500&1000rs banned.

Before that our government to create awareness for the digital payment method in our poor and rural areas people.

After only to Service easily even though the rural areas people.

Those people are very intelligent compared to the metropolitan citizens our rural areas people only to cultivate the agricultural.

"Agricultural is the backbone of our country". Said by Mahatma Gandhi G.

The daily earned worker salary 200per day means how possible that digital India method. In our SBI all people must maintained our back Min balance 5000rs in our daily earned worker salary 6000/month. 5000 Min bal should be maintained means how that worker run the life in just 1000rs.

It's impossible.

But I'm surely agree that the digital India is increasing our economic level but take some time.

Thank you.

Most people don't aware about the cashless system. Most people don't have a good digital device. Most peoplein India are poor people they can't afford the infrastructure. Then, how it introduce in India. But cashless India is better idea.

First govt should provide good infrastructure to poor people and make them aware about it.

According to me, digital payment is not secure unless more security does not provide in rural areas because in rural areas max person don't known about digital payment so person are victim to be cyber attack. I think after 6 to 8 year digital will secure because knowledge about digital payment is increasing day by day.

Thank you.

If I would have to answer this, I would definitely say that it a very good and positive step towards the growth of Indian economy.

Not only Digital payments can be a common thing soon, but abreast making the rural people aware of it abreast will make 25% rural people curious as well. They can develope a thought about necessity of education, which is ultimately beneficial to the coming generation.

Hello everyone,

According to me, step taken by the Indian government for go cashless created some revolution which tends to lot of time saving and easy and quick payments but it is not so secure so govt should take preventive measures to make digital payments securable and government or bankers or educated people should educate the people in rural areas not only in rural areas. Less number of urban people had insecure feel in digital payments mostly they feel insecure in huge amount transactions for that govt should fell responsibility and should provide some assurance which make people comfortable in digital payments according to my conclusion digital payments should secure with enough assurance and awareness.

Thank you.

According to me digital payments are secure payment process but there is a disadvantage too because many people don't have the knowledge of digital payments because if we make a statistical survey then almost 40 to 45 percent of the people are illiterate which needs to have a proper knowledge on this thing so awareness is required for these people and otherwise this is a very helpful thing to move cashless and if the cost of anything we are purchasing is having a very price then it is a very suitable mode of payment without any problem.

So finally in my opinion a proper idea should be given or advertised in order to get a prior knowledge on this thing.

No at present digital payments are not enough secure for Indian economy. Most of the people in India don't know how to operate digital payments, and most of them also don't have internet connection. Other problem related to it is hacking. Privacy of I'd and password is not secure enough. Digital payments can be implemented in India but after proper education campaign in rural areas and by giving assurance to people's that their privacy is secure enough. That's it.

To be agreeing about ARE DIGITAL PAYMENTS SECURE ENOUGH FOR THE ECONOMY TO GO CASHLESS.

But most of the times it would be secured there should be aware of how to do online payments from rural as well as urban the most of Indians are don't know how to handle their bank accounts they don't what are the charges are be involved in it how to use it etc.

For the last term, I want to end up with the banker should be cool in f while there are depositing of the cash transaction.

According to me, the payment done digitally are the important factor for cashless as we know its not time consuming as well as easy to use. Talking about the uneducated people the government become more conscious about the ease as talking about tezz app it is the most simplest payment with just one click but a part from this a scheme or program are introduced to aware the uneducated people about the ways and give them proper satisfaction and trust for safe payment. Talking about today scenerio its take time to people for trustworthy payment and it reduces many cost such as cost of manufacturing, transportation of currency all over the world but talking about total cashless it is not possible because some emergency some cause helped by cash as no body knows when the device got swicthed off or damage.