Are digital payments secure enough for the Indian economy to go cashless?
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2111 comments Page 121 of 212.
Suyash Jain said:
5 years ago
Hello everyone,
I want to put some points on my opinion.
First is India is not 100% ready to go for cashless as some part of the population of India is still uneducated or we can say that you are aware of digital payment. So, the chances of doing fraud with them are very high.
Secondly, there are many businesses or small shops which today also depends on cash so changing to cashless will impact to their business and middle-class and poor people can hit by this.
Thank you.
I want to put some points on my opinion.
First is India is not 100% ready to go for cashless as some part of the population of India is still uneducated or we can say that you are aware of digital payment. So, the chances of doing fraud with them are very high.
Secondly, there are many businesses or small shops which today also depends on cash so changing to cashless will impact to their business and middle-class and poor people can hit by this.
Thank you.
(18)
Rajendra said:
8 years ago
Yes,
One can accept this type of payments.
To secure our wealth from stealers.
Nowadays, rural people's suffering from digital knowledge like online transactions. Etc. Due lack of that side.
Recently, Ban of 1000&500 notes we have to know. At that time paytm has spread out their services in rural areas to expose online transactions to peoples.
So, digital payment can improve Indian economy somewhat better. Due to half of the people in India has illiterature.
Thanks.
One can accept this type of payments.
To secure our wealth from stealers.
Nowadays, rural people's suffering from digital knowledge like online transactions. Etc. Due lack of that side.
Recently, Ban of 1000&500 notes we have to know. At that time paytm has spread out their services in rural areas to expose online transactions to peoples.
So, digital payment can improve Indian economy somewhat better. Due to half of the people in India has illiterature.
Thanks.
(4)
Darshna said:
8 years ago
Hello everyone.
I think this decision of government is nice as it is now safer and easy to make payments due to online transactions, it increases transparency, as we can now track transactions and it is fast as well but this might not work fully in our country now due to lack of effective technology, resources, awareness and illiterate people in the rural areas. So for the proper implementation of the cashless economy, the government have to work in these areas.
Thank you.
I think this decision of government is nice as it is now safer and easy to make payments due to online transactions, it increases transparency, as we can now track transactions and it is fast as well but this might not work fully in our country now due to lack of effective technology, resources, awareness and illiterate people in the rural areas. So for the proper implementation of the cashless economy, the government have to work in these areas.
Thank you.
(13)
Prit Ranjan said:
8 years ago
No.
Not at this point in time where a major portion of or country don't know or barely know about the internet.
Yes, I agree with that there are many advantages of digital payments. But at this time India is not totally ready for digital payments. Firstly Indian govt should improve the cybersecurity system. Then should be made aware about digital transactions through advertisements, campaign n all. Only then India will be totally ready for the cashless economy.
Thank you!
Not at this point in time where a major portion of or country don't know or barely know about the internet.
Yes, I agree with that there are many advantages of digital payments. But at this time India is not totally ready for digital payments. Firstly Indian govt should improve the cybersecurity system. Then should be made aware about digital transactions through advertisements, campaign n all. Only then India will be totally ready for the cashless economy.
Thank you!
(11)
Venkat said:
8 years ago
Hi, friends, according to me for any digital payment mainly net signal should be present.
In villages, the lack of signals frequently at every place. So to implement that in villages is very hard task. Also many people in villages are illiterate. Taking that into account firstly we should educate them about this and then deal with the low signals problem in village.
Last but not the least it may be quite jovial but the advantage for use of it is savage of trees. Thank you.
In villages, the lack of signals frequently at every place. So to implement that in villages is very hard task. Also many people in villages are illiterate. Taking that into account firstly we should educate them about this and then deal with the low signals problem in village.
Last but not the least it may be quite jovial but the advantage for use of it is savage of trees. Thank you.
(20)
Saurav said:
9 years ago
Through Digital payment only we can become a cashless nation. But the fact of the matter is until and unless digital payment not secured no one wants to go digital.
What happen if one's transaction failed!
Why citizens want to pay digitally if there is a transaction charge on each payment.
The government should have to look on these matters.
And am sure our digital hero will look upon these matters.
And soon INDIA will become a cashless nation.
Thank you for attention!
What happen if one's transaction failed!
Why citizens want to pay digitally if there is a transaction charge on each payment.
The government should have to look on these matters.
And am sure our digital hero will look upon these matters.
And soon INDIA will become a cashless nation.
Thank you for attention!
(18)
Pankaj said:
7 years ago
Digital payment is good as compared to cash payment. Various factors can be considered in favour of digital payment which is good.
Corruption can be controlled by this initial step of digitisation.
Time-saving is also an important factor.
But we can implement completely digitisation in our country because most of the people who live in the village and they don't know even about the internet. So they can get into trouble and you know this would not be good for our economy.
Corruption can be controlled by this initial step of digitisation.
Time-saving is also an important factor.
But we can implement completely digitisation in our country because most of the people who live in the village and they don't know even about the internet. So they can get into trouble and you know this would not be good for our economy.
(4)
Nishanka said:
7 years ago
Hello,
According to me for every forward step, there are some negativities.
Now, coming to this topic "going cashless" means paying all the necessary bills by using a single button sitting button sitting at home.
But all the people doesn't know about this. So people awareness should be grown to increase this activity, especially in all the small towns. And the securities should be given much better without hacking the pages.
I finally tell that this is a positive step.
According to me for every forward step, there are some negativities.
Now, coming to this topic "going cashless" means paying all the necessary bills by using a single button sitting button sitting at home.
But all the people doesn't know about this. So people awareness should be grown to increase this activity, especially in all the small towns. And the securities should be given much better without hacking the pages.
I finally tell that this is a positive step.
(17)
Samrat said:
8 years ago
Yes, it is good to making the digital payment for India but this is good for those people who know very well to do online transaction or know to do work on internet but most people who are very poor or which have not smartphone or any device to transmit the payment by online processing then how can they do that work? So, first of all, we will improve our generation and will tell them about the digital payment transaction then it is able to make the good system in our India.
(13)
Neeraj said:
8 years ago
Yes digital payments are secure. The threats to digital transaction is because of lack of knowledge in people using digital payment methods. Because in most of the cases we see that the user give the card details and OTP to non authorised person assuming that they are from bank. Most of the online digital transactions are secured by 128 bit encryption key which makes the hacking of card details very difficult. So, the digital payments are secure. The users need to be aware.
(27)
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