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

Group Discussion
Points to remember before you participate in this discussion:
  • Assume you are one of the members of a real group discussion.
  • Take the initiative to participate and contribute your thoughts.
  • Contribute your positive thoughts towards providing the solution.
  • Post your thoughts here.
Discussion:
2111 comments Page 120 of 212.

Liya margarette antony said:   7 years ago
Hello friends,

As India is considered as a developing country, the use of digital payments is an important factor. Actually I think digital payments are secured enough unless we share our private details. Most of the people are unaware of this usage, so they feel unsecured. In this present senerio through digital payments one can easily access money.

I would like to conclude that all digital payments are secure and our economy would meet them in future, that is cashless INDIA.
(4)

Falguni said:   8 years ago
Hii everyone.

The digital payment system is very helpful in many ways. People don't need to carry cash and queue up in atm. It is very easy to carry cards. If your card is stolen you can block it in a phone call but if your cash is stolen then there is no way to get it back so it is very safe and you can use your card at any place anytime. It is very useful in an emergency condition like in hospitals and because of it's transparency, it is a very helpful solution in corruption.
(28)

Bala said:   8 years ago
Good morning to all.

In my opinion, digital payments are secure. It saves our time. For all access like balance checking, money transfer, billing and all. If we go cashless, corruption will decrease. But many people does not have smart phone or does not know about digital payments so we should create awareness about digital payments.

If all people would use digital payments, definitely it will increase Indian economy. And it will make India corruption less country.

Thank you.
(19)

Niraj Kumar said:   8 years ago
Yes I'm also in favour of digital payment it takes less time and safe payment for a consumer. But this only done by educated people not all of them I mean to say that like poor and uneducated Person they are not using or healthy use of digital payment so government should organise a group to learn poor section how is good digital payment and what type of benefits for this. When every citizen of our country use digital payment and many more things then this will be the positive.
(25)

Abhishek choudhary said:   8 years ago
Offcourse, digital payement is helpfull to increase the growth of India and increase the repotation of Indian market among the international market. But it needs to be agreat change along with the life style of all category people, first we have to ilterate the people who is living in the village area becouse 48% of indian's population are living in villages and an good implimentation must be need for this digitelisation and must have a good security for save the large network.
(2)

Lalitha ch said:   7 years ago
Hai friends.

Yes, digital payments secure enough for the Indian economy to go cashless. So that no one can theft our bank details or any other information about your bank and all. And black money will be reduced. It will be good if digital payments are come to use before that government should make the people aware about the digital payment otherwise uneducated people will face many problems before implement the digital payments government should be made them aware about this.
(14)

Sourav said:   10 months ago
In my point of view, digital payment is a good thing it makes our payment system easier.

No need to carry money in your pocket less chance of losing money, also saves time, no need to go bank to help with the digital payment option any time anywhere we can pay.

It's also difficult in rural areas because there lack of a network, without a network we can't use it if the Indian govt works hard and expands the network in rural areas so they can use this digital payment system.
(5)

Manu Soni said:   8 years ago
I agree that going digital is a very good idea to abolish corruption but India is still not prepared for it. Even if we think of going digital, what about all the grocery sellers out there who can not afford to set up digital systems for making transactions.

India is still developing and it has not developed yet. The Internet is not still India's thing. To get benefits of going digital in its true way, we need to ensure that the accounts and transactions made online in a sec.
(3)

VIkas mishra said:   8 years ago
Going cashless requires a robust IT infrastructure and good awareness among the people. In the case of India where the majority of the population relies on a 3rd person to get their transactions done, increased online fraud and theft is inevitable. Moreover recent ransomware and cyber attacks point towards the many loopholes in the IT system. Going cashless is the need of the hour but it can't be forced in short duration but in a phased manner to minimise the losses and chaos.
(6)

Ranu said:   8 years ago
Yes, because.

1. Carrying plastic money is better than carrying real money in the time of transactions, pos etc.
2. Digilization gives no chance to black money.
But there is a chance of hacking in digitalization. To eliminate this, govt should aware all literacy and illiteracy people about using of cards, securing their information from unauthorised users. By developing these in our people digitalization plays a very vital role in our economy development with enough security.
(22)


Post your thoughts here:

Your comments will be displayed after verification.