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

In my point of view, Digital payments are good for Indian economy because the corruption level in India will decrease. But the digital payments increases side by side cyber crime will also increases and insecurity for digital payments. We have to increase digital payments with better security. Digital payments save time, money, petrol etc compare to cash payment.

According to my view, going India cashless is best way to stop the curruption in India. I think we should think about that the future. I agree, rural or common people have a no idea about to use this. But we know that now days some peoples are using atm but earlier years ago those peoples had no ideas to use ATM card but still now they using. Just like same. If they observing this system service then definitely one of the day they can do it.

According to me, it's very good idea to implementing digital payments because there are lots of benefits from the digital payment system. First, we don't need to carry money in a physical way. It also decreases the chances of stolen money. And second is we can easily send their money anywhere in the world with a fraction of seconds and anytime we can send. Nowadays many people using this scheme and many other also are interacting with this system. It's will move the scintillating changes of our life. But the main overarching things are how we can implement in whole India because now this scheme in nascent stage we can't implement this scheme in the whole country because 65%of our population is leaving in rural area and many more middle age persons don't know how to use mobile, laptop and computers, so we are in nascent stage we will need much more time to implement this scheme in whole country and confer knowledge to people how to use this scheme in more systematically way.

Making all payments digital is the best idea. Digital payments will only require the internet. But it will not depend on ATMs. If given a proper lesson about digital payments, poor people can also make use of it.

In the era of BLOCKCHAIN, where people are talking about doing online transaction across the world, in such digital cashless era if we don't introduce cashless transaction then it would hamper our country very badly.

Before demonetization, 72% of Indian population were doing the transaction through cash but after 8th November 2016, the scenario is another way around ie 80% of the Indian population is doing and has adopted cashless transaction.

Coming to the point of Security, There are no systems or techniques or devices which are 100% secured. Even hard cash is also not secured, many Bank robbery cases has been filed till date. So it's our individual's responsibility to take care off.

The Government has started providing high-speed secure internet by developing proper infrastructure, Yes definitely it will take time to educate them but 5-6 years down the line, it won't hamper Indian economy.

YES, In my point of view, the digital payments are absolutely good. Because now at present in India there a scarcity of change. So we can't make 100%india as a digital payment, but up to some extent. Those who are able to use they can use digital payment and those who are uneducated they can go by cash. So, both can survive. Later on, the uneducated people also learn slowly but it would take time and to understand the process. It is our duty to educate the people and beware of hackers. Because technology is increasing day by day. And our India will be developed country only when changes occur until that it would we developing the country.

More over crimes also increasing and we have to be careful for this problem. Still, we can go head because for every problem there would be a solution. As India overcome may problems till know.

Hope for good.

Well, I say the more we are increasing our usage of digital payment the more hacking attack we were listening day by day recently we saw the group of hackers hack the IT sector system to whom we are giving our digital payment details and from whom government had satisfied us about the security of digital payment and they were hacked by some other person so how we say that digital payments are safe government take some serious action for the sake of safety.

Hi, my name is Kamesh. I would like to say that digital payment is the secure system to go for cashless India. India is developing and the cashless economy will help tremendously in the growth of our country. Black money system will go away through digital economy. And if talk about the learning of this system, it is very easy. India is the country of creative minds and Indian are always ready to adopt the changes for personal answer social growth.

Going cashless is basically like two faces of a coin, having both its pros and cons. Going cashless means our government will be able to check on the amount of money transferred, the transactions can be checked and hence, better control over administration as well as finance. But in the meanwhile, going cashless would make the person go vulnerable as there are many out there waiting for just an opportunity to hack into a system and steal the valuable information. The best way is to provide awareness and education regarding this and providing better security. Only then people shall be sure enough to have their transactions online and go cashless.

As per opinion.

No, digital payments secure not enough for the Indian economy to go cashless. Because in India is not so developed to secure digital payments. Around 37% people are illiterate in India. Day by day Hackers are increasing. So before digital payments, the govt should have must aware to people.

Thank you.