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

Yeah of course,

As the records say that economy is going to well in upcoming years.

But if you look forward to making India cashless so there will be more responsive to make that secure.

Educate the people is the only way to aware of because if you leave the city areas there are still more rural areas where yet education is completely different. They don't study to make future better, they study for the only degree shake.

According to my point of view, I suggest that first make India fully educated and be prepared for innovative ideas like digital India.

Digital payment is one of the best technological advancement which we have seen in this era. It allows us to pay through our phone and we do not need to carry cash all the time. Paytm, tez, phonepay, etc are some of the digital payment app. This app allows us to pay money online. Having these apps in our phones gives us the benefit to pay cash from our bank account to others account in seconds. Earlier we had to visit banks and stand in a queue to deposit money but now having this gives us the benefit to depositing in seconds. Digital payment is also safe as it has a security procedure which is followed every time a transaction is made. When initiating a transaction we have to enter a pin, then we would receive an OTP in our phone and after entering the OTP the transaction would be initiated and a tnx no would be sent to us. My opposing view to this would be, that everybody wouldn't know how to handle these apps as they are not exposed enough, for them it might be some suspicious thing and scheme which would take their money away.

Here the topic is that are digital payments secure enough for the Indian economy to go cashless it has a lot of advantages which increases the security and reduce the corruption. Here cashless scheme makes India developed and improving security in public. Nowadays, when we have lots of option regarding digital India like otp. Digital India make payment easy.

No, nowadays digital payment is an advantage. Easily transfer one person to another person.

All digital transaction server are highly secure to run. There have provide OR arrange one-time-password (OTP). Any transaction update are send secret OTP send owner mobile.

In my point of view, digital payments are secure enough as we all use ATM in that case we have given specific password which is only known to us so as that of cashless payments, in that case, we have to put a certain OTP which is provided to you and that is too applicable only for 30-60 sec. So it's a secure process as we see during demonetization period this cashless payment is very useful because at that time atm are fully dried. So during that time, various startups came into play. Which provides various features besides privacy although there are many cybercrime reports government is fully focussed on that and they are trying to control the crimes and nowadays government become more dependent on cashless payment because this can reduce the amount of black money and control the counterflow fiet.

In my point of view, Indian Government has taken a much effective step to go cashless and digitize Indian economy. Most of the developing countries of the world has already made their benchmark in digitisation. For the betterment of the Indian economy, no doubt it is a big thing.

But there are big disadvantages of the digital payments. Firstly, Speed of the Internet and server of many digital website portals gives terrible problem and transaction stuck.

Secondly, Cybersecurity is one of the main concern often Hackers hacks the password and they steal the amount.

Thirdly Many of the people uses digital payments become the victim of fraudulent.

India needs to develop their technology to provide a well secured digital transaction, as well as people, are needed to be awarded to resist that fraud. And I am very much confident that India will overcome these problems and be one of the most powerful economies in the world within some decade.

Cashless is a very important concept but in India people are not used because they do not have proper knowledge.

Yes, digital payments are more than sufficiently secure as per the standards of rules and regulation of government of India followed by payment gateway in India.

Once the printing note will be eliminated, all black marketing of note currency will be stop and depending totally on digital payments will surely Indian economy will far ahead.

Hence we can say digital payments are secure enough for Indian economy to go cashless.

I think.

Digital payment is secure because many countries are using digital payment by country economy will increase.

To make Indians cashless firstly we have to educate them about what is digital payment and also briefly explain about it advantages by using it frauds will stop and there money will be safe and they can use it any time they want.

So, we have to make Indians cashless and use digital payments.

In my opinion, digital payments are not 100% secure for the Indian economy to go cashless India being a developing country but still, there is a lack of technology. Moreover, there are so many hackers who hacked credit card details of an individual and there is a need of education in our country because uneducated people don't know the process of digital payments. As govt of India introduced UPI and BHIM digital platforms for security purpose but due to lack of awareness in our country digital payments are not secure enough to go cashless.