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

In my point of view, digital payments are more secure enough for the Indian economy to go cashless. Because there is no case of deceiving the government without paying taxes by any individual. Another major point to note is that every payment across the country is known to the government which avoids confusion in finance related issues. Due to the digital era, hacking techniques are implemented to create a problem to this issue which causes great impact on the next decade. However, more security techniques must be developed to counter attack hacking.

In my opinion, the digitization of payments is a good thought of government but the people of India are still not aware of using it. But main threat is the cyber crime. Every one wants to open a digital wallet but there is no control over it by any government body. Even though some days before a news went viral, that about 30000 ATM's has been hacked. It means before implementing the digitization of payment, and government body should ensure the safety from cyber crime and also start a drive to make the people more comfortable with this.

Hello everyone! Technology is a field which has always kept on evolving at rapid pace and will keep on doing the same. We all, collectively need to embrace this change and learn about nitty gritties of digital technologies in general, and cashless transactions in particular as then only we can help government in curbing the menace of Black money regarding security features, it is really important for government to make people aware about the basics of digital transactions, especially to rural people. At the same time it's important for vendors in this business to keep up with the latest trends in security technology. We all saw how the ransomware attack threw open new challenges in security and hence it is really needed to keep up with the latest trends in this field.

And regarding the benefits of digital transactions we all are aware of. Hence digital transactions must be embraced and worked at continously to empower ourselves as well as economy of our nation.

What has happened in the past, taking it as a consideration, Yes we are secure enough as compared to other countries digital payment system. We are rapidly evolving in this sector using new methods and technologies to be at a safer side when things are not in order. To make Indian economy cashless, first we have to bring awareness among different sections of the society about digital technology, that can be done in different phases but we have to be patience as it can take much time as we have not achieved total literacy yet.

We need both hands to clap, just like that these two things are totally dependent to each other.

I think it's good for our country and for us also because if we use digital payment it will help to control corruption and also black money. We are living in 21century we will accept the digital payment because it's safer for us if we will protect our password. I think it's good for our country economy also. That's it I support digital India.

I think digitisation will be more unbeneficial for us than to be beneficial because the uneducated population of India is more than an educated population.

I think Indian government should care towards the education along with the digitisation.

In India, where major sections are still unbanked and digital literacy has just started taking roots, digital payments cannot be fully secure. Already many cases has arisen of fraudulence, and the cases of cyber attacks, so people first of all needs to be digitally literate and to be made aware to not to share any of their information with any one as they can be fooled.

I think going digital is one the best step taken by our Government. Everything has it's the first day, so do digital payment. Now is the time people started to now about going cashless. It will take time for adaptability. And, now coming to security, it is secure as it is using 128-bit encryption and about the vulnerability to hacking, various organisations are working hard to make it more secure.

As an emerging country like India needs such changes like digital payment process, however, all the sort of transaction has its own risk as digital payment as well, but when we handling physical transaction that would be taken an action for security just because we are familiar with that as it case when everything will be difficult before it becomes easy as for this am not saying that it is risk free but the action should be taken before the process implementing by the government but one thing we can recognize that when the transaction comes to digital the taxes are been paid properly so most of the corruption would be controlled by government and also that really worth for Indian economy.

Yes, the digitial payments are secure take an example of online trade services like Amazon, Flipkart a lot of people buy clothes, books etc. What ever they require and available with merchant they can buy it from there home without going anywhere. And there is an also availability of refund.