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

In India digital payments is usable for economy. Digital economy help to killed black money because with the cash to grow the black money system. In digital payments is usable but without secure the banking system and network. Digital payments using all world but without make strong security zone system digital cash is not secure.

In my opinion, cashless economy is a very good idea as it helps in saving time, energy, paper which in turn helps to save environment also. As every thing has some prons and cons likewise it also has of increasing the cyber crime but it can be controlled by making advanced apps. The main problem which comes in the path is the low literacy of India as most of the population of India don't know what does cashless means?

So, its the duty of educated people to promote digital transactions and create awareness among illeterate people about the benefits of digital transactions then our country can proceed towards developed country.

Yes, However we have come to cashless economy, to empower our economy and to stand equal to rest of world for both national and international interests. But one side if we see, in going cashless we need secured systems and network, that we don't have. We always hear the number of cases of fraudulent happening around the world stealing money digitally. So, obviously, digital economy is not secured even coming so far in the stage of development.

And we all know there are some benefit of keeping cash that might over come some of the cons of digital cash like- distance between rural people and internet/atm.

Therefore, we have to rely upon both cash and cashless economy.

But I would like to make one more point that before going cashless, as we are new to it, we should have developed a through out architecture or flow to implement it in a better way.

Digital payments are secure enough for the Indian economy to become caseless because all the transactions will take place through bank and other financial body, then govt will have record of every person, no-one will be able to misuse money, corruption will also reduce, this will reduce thievery and other wrong wrong work that generally takes place in our society. This reduces time so it's good.

Hello everyone, in my opinion digital India is a great incentive taken in our country. But as we know coin has two sides so going cash less in not a good dission. According to the article 35%of our Indians are illiterate so in that case going cashless in not a good dission right now.

Thank you.

In my opinion, Digital payments are easy and time saving. But they require a large amount of security too as there is a lot of crimes going on, bank accounts being hacked and losing confidential data to hackers. Though saving time and easy payments digitally they demand a lot of security too. So, that people may consider it safe and can be dependant on this method of transaction.

As per my opinion, India is a developing country and we are moving towards Developed so we have to add modern technology towards our daily habbit, at a time all are not going for cashless transaction because of due to the literacy ratio in our country still 40% population of our country are illiterate it is very difficult for them to make a electronic transaction. So we need to create awareness among them about the cash less transaction and make them understand the advantages and disadvantages.

At last I would like to conclude that educated people can go for cash less transaction and they should try to understand the uneducated people about the cash less transaction so in near future they can avail for the electronic transaction. By this we can reduce corruption, robbery, printing cost of currency. Reduce our time by standing in line.

Digital payment is a good mode of payment and better to have a cashless economy. But friends before generalizing this digital mode of payment proper education at the rural sites are must, we have to make ensure that each one of us are able to use this mode for our basic transactions.

Now the next talk is about the security, is our cyber security system that much strong and capable at present to control all the cyber crimes that would be taking place after going cashless.

Thank you.

Sorry for interruption gentle-man, I don't think that digital payments secure enough for the Indian economy to go cashless because It provide the easy path to the crime although this is not the main reason of crime but still digital payment is the easier way to increase crime and second thing is that digital payment and all over these type of system completely depends upon the Internet and electonic machines and we can not dependents completely upon these machines.

In my opinion, digital payments are good for Indian economy. It is not only easily accessible but also secure. Person who have lack of time, digital payment have made their life easy. Digital mayment in government sectors leaves no loop hole for corruption like practices.