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

According to me, it is a good idea but there should be more facilities and improvements in this field as what problems that we all confront these days while doing an online transaction include when the session expires we have to start all the activities from the beginning which is time-consuming. So, according to me, there should be a mechanism to start from the point where it was left (or from the point where the session expired). And also the limit on transaction should also be extended. So, I want all these modifications which will make digital payments better.

I will support with DIGItal payments.

We do have several benefits by doing this.

- We Can save Trees.

- It will improve the use of technology.

- We can save money also like few apps will give us discount/offers when we do payments by using their app.

- We Can save time too.

- When we start making digital payments there we start thinking about apps which are good for digital payment, and We will start research on that way to get a good one and which will keep us to learn new things.

- By this, we will be getting a clarity on every rupee where we are spending money because for every transaction we will get an msg/mail.

- We can easily carry a card than the cash.

- We can save from theft.

Let us start to make payments in DIGItal at least in metro/smart cities and B a part in DIGItal INDIA.

It is a good thought but it cannot be implemented everywhere.

In my opinion, digital payment are more secure than previous cyber frauds occurs in Axis Bank, PNB etc because now a days this type of frauds are not in news. Thus facts shows us that today's banking system is more secure.

Thus for our topic 'Are digital payments secure enough for the Indian economy to go cashless?' it can say that digital payment is more secure to go cashless. Because for going cashless this should not be an excuse. Cashless economy is need of an hour fot eradicating corruption black money and all those Mal practices.

I think digital payments are good step to improve fake currency, to make developed India go cashless.

1. First of all, govt will have to do educate all people who live in villages because all most people lives in villages.

2. I think govt will have to secure payments bank & other ways to pay the money like that Paytm etc.

Thank you everyone.

Hello everyone.

I would like to few things on this topic. In my view,

Digital payments are more useful to us. It is not only for transactions but also we can do developing ours economics. So we need some secure for the transactions when we provide the security to transactions we have successfully increasing our capability on cashless transaction. We should also concentration on uneducated people because of they don't know how to paying money in online. So we should awareness of digital pay amounts on who have no idea on cashless transactions. And one thing by using digital transactions we can provide more jobs as well as do transactions more efficient and within little time without go to the bank.

In my point of view, yeah it's secure enough for the Indian economy but in India around 50% of the people were educated and the rest are uneducated as the people in rural areas. They don't know about the digital system like online transactions and aren't able to find how to use ATM CARD, NET BANKINGS. We should make it possible if we enlarging the banking system in the rural areas.

The problem in online transaction, as it always have been, is nothing but the inadequacy of usage in the areas where technical deficit and social behaviour comes hand in hand. Almost in all the rural areas and in some urban towns etc. People are not habituated of online payments, reasons being manifold like absence of a bank account or ATM card or even the lack of knowledge that such an online method exits and can be applied, leaving behind the technical reasons like server down, or bugs etc.

However, for semi-urban n urban, where these practices cannot be seen, the one reason is the reluctance to shift to a new way, leaving aside the so old inherited way. Now the solution for the rural regions, though being very elaborate ones, are on the other hand logistically simpler. For example, giving a bank account or ATM card to every known citizen and individually campaigning it by providing the facilities, thus making it practically mandatory. Secondly, installing some e-counters like e-ticket counters in stations, at various locations of a selected village and providing the facilities there, where along with those a "Haat" or a bazaar area can be linked with, even these locations can be at schools and at hospitals. Now, then after, there will be thousands of villages remaining where the primary facilities are not provided by government. So it must be taken up fast and first.

The solution for the semi-urban areas involve complex analysis, since a semi-urban region inherits some characters of the nearest city according to its migratory residential and original inhabitants, which takes in accounts varied diversity. Thus judging the social portfolio and its political inclination becomes very important. Since these semi-urban regions, in max cases are the 'hub of transaction of unaccounted money', online transaction here fails for a particular commodity n becomes successful for another.

In urban areas, the problem boils down to server fixes, and whether an individual is truly comfortable with online payments or not. In most cases, urban people, want it or not, have to bear online transaction, like college fees or admission fees etc. Thus, sometimes practice makes reluctance fade away.

Thus at the end of the day, online transaction should only be there if it had been preceded by primary need fulfillment and technical development. This online transaction is one of the facilities of a developed and uncorrupted environment, but not the way to make a developed ambient. Thank you.

Hello friends,

Yes, it is going to boost our economy and it is very much secure to use.

But the problem is that we can not go for it suddenly, it will take time to be fully accessible to every corner of our country.

It is fast, very much secure, easy to use, and record keeping.

We always wish to rule out black money from our society. I think it would be a move of trapping black money transactions instantly.

Our economic sections that is weak are poors, villagers and people who are adamant to change. (plz change your mindset and be flexible).

Poors don't have bank account, ATM and any other card to be used.

They don't know how to use.

And next is connectivity.

Some inclusive plans are under execution to sort out these problems and in near future, we will be like that we wish to see.

Hello everyone.

As we know everything has some pron and con's but in case of digital payment or making India cashless is mind blowing idea but problem is this that we know that by using card we secure ourself from theft, but we secure ourself from the theft those we can see if you know then every day we heard that 1 lakh rs amount withdrawal from his/her account without his/her knowledge that kind of problem arises day by day in digital India.

If we talk about goa then that is also not a fully cashless.

If we talk about India then we should take care of rural areas also where many of people due to illiteracy face many problems, even many of them are not able to interact with smartphone, in that case the digital India concept fails.

We are Indians we should first take care about the people who are facing problem because of their decision because everyone is not perfect in our India 50% people not able to do digital transactions.

Rather than act or plan first we should try to provide a trainer or put some security on transactions process so that each of you completely knows the better and best way of use of digital India act.

Thank you.