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

India is a developing country. Presently in India, people are illiterate. They don't know about what is happening in our country so suddenly if we will introduce this online transaction system then it will not make any change in their mind set they. Because according to them, the internet is just like a game which is used by children to spoil their future but they don't it's advantage and mainly about an online transaction. If aware camp will schedule in rural areas then only it will make difference. The Government has to decide one five year plan for this only so that all rural area people can take advantage of this facility. We also have to contribute one efforts to teach activities facility we have to tell this will save their time. Security from robbers and losing their money in crowdy areas this all cases will be reduced if they will learn this.

Hello everyone, we are discussing the security of digital payments, but according to me in terms of digital payment the main issue is awareness much more than security, I am not saying that awareness in terms of only privacy of passwords, OTP etc. But there should be awareness in terms of how we represent the cashless payment to other. We create much more hypothetical situations in terms of complexity and security of digital payments but there is nothing like that. If we are outside home, we have to care about our wallets, we have to take care in a home also that anyone can't be stolen the money in the same way we have to take a little bit care about digital payments that we should not share any confidential details about it. That's it. Now anyone can do digital payments in very easy terms than physical cash.

Hello, everyone good morning one and all I admit for who was share about this topic.

And I am also sharing one thing to all.

Let's see Indian people are means more ratio even educated people also how to use banking card through online who comes from native like villages and semi skilled persons so my advice to govt first take a subject about this digitalisation and put some invest to distribute respective card s and etc for what we increase in our India, that we will be learning to them practically then they will use next time safely and so securely that's all about. Thank you.

Hello, everyone.

I think this is a very good decision of the government to make India cashless. Because it can pay a very good role in making India developed from developing. This is true that it is not perfectly secure but if we are careful then it is very secure too.

Due to many populations of India not only in Bank but everywhere like shops, railway station, market etc. There are many people who are wait to take or give money. Due to this many people suffer.

If the transaction is done with digital method then it should be faster than that. And this will be a time-saving process.

But there is a big problem in India that many uneducated people do not know about this. So if government tell to such people all about the benefits of the digital transaction.

If all the process explains them properly then villagers are also used digital payments, to use this, is not so tough.

So in India, the person who knows about the digital transaction must use it and try to expand it so that transaction becomes more and more transparent. And every transaction may be done easily.

My opinion is that it is right. Because if India goes for digital payment then the people easily transaction their money safely. In this way, Government receives some amount of tax and people save their time.

Yes, in My opinion, it is secure but India is. Not fully prepared for a cashless economy. And security is not only about how strong our cyber network security is about awareness among people. First we have to take steps to make people how can they use internet banking Card transactions other cashless transactions safely.

For an example, People share their passwords and OTPs to others without knowing what happened with that.

Every day we read news about cyber frauds.

I ll give an example how it happens people share their phone numbers in shops other offices. From their fraudsters get their no and call them saying I am calling from bank your card is blocked give us your card no we ll reactivate it. Again they call for OTP unaware people give all information and become the victim.

So people need awareness first.

I think digital transactions are more than secure enough and good enough for the Indian economy to go cashless. It will help people in a big way. The only problem with the digital transaction is, is that lack of awareness and attentively of people living in village areas. And for that we know when such a revolutionizing change occur campaigns are made to help this people, so I don't think there is any kind of "secure enough" problem for online transaction people just need to be a little bit attentive while doing this transaction so it is really good to go on cashless it will increase our country's economy too.

Hi everyone the digital payment I think for every situation some benefits and at the same time some problems.

I know some benefits:.

India is a developing country so use in digital payment is a faster and safest mode of transaction. It is time-saving in a business people and employees society. It is reduced the production cost of cash. Next, reduce the bank work and bank safety. The people don't still wait line in the bank. It reduces the robbery. So reduce the robbery related cases in a police station. It helps to reduce illegal transaction. It increases economy level in a world.

I know some draw backs:

All over India in some number of metropolis city but huge villages in our country. Huge uneducated people's in our country, so this uneducated people's how to pay digital payments? At the same time, the educated people no awareness in don't tell the secreat password and bank details in another person's. Increase technology in a current world so easily hake computer, mobile phone, direct hack bank accounting software etc. Nowadays increase hacking robbery. It is not easily found out criminals. Finally, small ex: 5 years old boy go to small shop buy 1 rupee candy the payment is easily paid in just 1 rupee coin that all. But digital payment method swipe the card and type a pin number and transfers 1 rupee. Is it passive?

I think digital payments are secure enough to be used. In this age of fast technological advancement, the service providers always come up with better ideas to make our payment secure. As a matter of fact, the absoluteness of anything in this world can't be guaranteed. There are pros and cons to everything. So we have to make the best use of what is available to us. There may be the threat of hacking but with advanced technology and careful use, like not sharing the OTP can minimise the risk to a great extent. I think awareness about digital payments to common mass can really do world of good. Moreover we can't wait for eternity to apply this. There may be challenges but that can be overcome. Challenges should not become the hindrance in the path of development.

Hello, everyone.

According to my views, digital payment is very secure for our country as we all know India is a developing country and one of the best way to develop our country is digital life because using digital payments we can make payment any time ant where without any problems and.

As I know most of the people in India wants to buy the best thing in cheap rates and they can get an additional discount using digital payment app and all.

And according to me everyone should use digital payment in India bust one of the most problem in India illiteracy and most of the people lives in village area and none of them have internet connection. So if we grow our India we all have to take 1 st step to literate every person. We should try to give speeches in village area and give them knowledge about digital payments and learn them about it is very secure "seekhega India tb hi to aage badhega india".

Thank you.