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

According to me, being the cashless country is good step to remove the corruption from our society and helping. Our country toward the developed country. But there is the most important act is made India educated to use the digital payments system as hacking and stolen money from their account are increasing day by day. Indian govt Should provide the facility to make everyone aware of how to access this system. But it's not the responsibility of only our govnt its our too. In every family, 1person are educated they can be thought their family member how to use this system. It is our responsibility too.

Going cashless is the easiest, quickest and simplest way to transfer money beneficial for our country as it will curb the black money, stealing, begging and other things. But in country like India many people are illiterate and if we overcome these problems there are risk of people to be easily fooled by frauds or by cyber crime. Many places in India don't even has proper networking making it difficult to transfer money or even in situations like blocking of calling or net in a particular area can cause a huge hustle and bustle in that area I am saying that going cashless is a good thing bus going completely cashless is not that great idea.

According to me, if we talk about the safety then no doubt digital payment is a good option but in our country like India where most of the population lives in rural areas, it is not easy to adopt this option. This is a time taking process so before implementing it the government Should start various schemes to educate people about digital payment system and then after sometimes should implement it in our country. We youth should also take an initiative to educate our elders and family members about this digital payment system.

I think each and every thing comes with some advantages and disadvantages. In the case of going cashless there are many advantages as everyone said. The major task will be to overcome disadvantages. On the other hand if we talk about illiteracy, digital payments is nothing rocket science that can't be taught.

It is good time for us to go for digital payments. Out of Total population, 65% is youth having an average age in between 26-28 years but the people live in villages, some of them does not even know, "what is internet?". What I belive? We should go for digital payments with effective and efficient measures.

But we have to go through the fact that, there are so many hackers around the world named as kevin mitnick, Anoymous etc having a capability to hack the entire nation and stole the cash flowing digitially in India.

If I talk about kevin metnick, he was able to hack Petagon defence located in Arlington County. So we have to find measures to deal with these kind of activities could happen in India after digitalise the economy.

According to me, cashless transactions will be implemented by ourselves only, how it means, mostly every home in our country have at least one educated person in their home, so they should explain the advantages and using of cashless transactions to their families.

And instead of giving unusual advertisements should give, the steps to use the cashless transactions.

Strong foundation will give a good result. So the government will bring the awareness of cashless transections from schooling by providing lessons having digitilized India. This will leads to protect them from security problems evolved in coming future.

Yes, it is secure enough to the Indian economy to go cashless. It's great being cashless Nation but it still needs lots of improvement. The government sites are not crashes and they are not frequently updated.

I agree with the points which others mentioned. In my point of view, yes, India is ready to go cash less as India is a developing country it would be a great step. Recently RBI has passed regulations regarding cyber crimes in order to safe gaurd the customers who would be effected by these cyber crimes.

According to me, for Indian economy it will work to some extent i.e. in case of corruption. The percentage of corruption will come down to certain extent, but by seeing today's condition the corruption is still going on, it will mostly hamper to middle class and lower class people in large numbers, the reason being digital payments are not so secure, the reason being that many hackers are active now-a-days.

And a person with less knowledge, or new to this is unable to handle the situations in case he is been one of the victim of hacking.

I think digital payments are secure in India, though there are many illiterate people in India in both rural and urban areas and they don't know how to use it but still curb corruption and middleman system it is better that we should choose digital payment transaction because to make India cashless and aware of technology we have to take step either today or tomorrow, then why not today only.