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

From above discussion, we can say that the digital transaction is beneficial if all the people of the country know the use of it, otherwise, it is like speaking bhagvat gita in front of buffalo.

Yes, going with digital payments is a very good thought. Take an account of paytm like apps where you can make the bill payments, recharges from wherever places we are in. It saves our time of going manually into particular places and we can make the payments irrespective of what the time is. However, the main problem is how to create awareness among illiterate peoples. In my point of view, It is not fully possible from Government only to make them understand however it can be made easily by explaining to them by the literate peoples at least among their own families.

Hi friends,

I would like to express my views in favour of the existence of digital payment.

We really need digital payment in Indian economy. We all know every country is developing in its own way. Developing is nothing but improvement in technology. We all need to develop the country for that we have to improve our technology. So digital payment is also one of the technological improvement, we must use it otherwise we can't improve the country. We must try new things in our life. Stick on to old will not going to improve our country. But we must improve security in case of online payment. The Government should take steps to give security to that. Then we can easily use digital payment system.

Thank you.

Cashless payment is good for our economy because every online payment has its unique proof or transaction id which prevent any corruption in the system.

Good evening sir,

The topic is "Are digital payments secure enough for the Indian economy to go cashless". So in my opinion, India is still a developing country and in the other case our country is laborious in nature it is not easy to change the habitual or cash economy but from the new thought presented by our prime minister Narendra Modi. And it is a unique and wonderfull idea and I believe that digital payments secure enough for the Indian economy to go cashless.

Yes, in my point of view, digital payments are secure enough for the Indian economy to go cashless. By the cashless system, we need not to go to the bank every time for money we can do it from home only. Bt as we know coin has two sides one positive and another negative. Bt when the majority will accept this cashless system then slowly nd gradually rest of the people will also accept. Moreover, we are doing payments digitally so we have receipts of each and every transaction and those receipts we can show while paying income tax nd thus we can save from bribe as well. Hence by cashless, we are making India a digital India.

India is a developing country. To become developed we should be economically very strong. Our government is trying to bring many programs and schemes. Digital payment is one of them it is secure enough to go cashless. It will bring all black money as well as there will we no corruption. It will make life fast and easy. It is the very good steps taken by our government.

Going digital is a positive step towards the development of an economy. But how far will it help everyone in the country is doubtful? When we analyse the environment around us do you think we have an inclusive growth? The transformation will be fruitful only when everyone accepts and welcome the change. But for that change to happen people should free their mind from conservative thoughts and realise the potential behind the change. This is not going to be that very easy unless the govt take exclusive steps to bring the entire rural people into the digital net. The next major drawback is the security concerns. India is not completely secure in its transactions. People might be using smartphones but how many digitally literate people are having it is again a question of debate. So to enjoy the boon of digital payments a massive transformation is needed by all the classes of the society.

No, it's not secure currently. But it does not mean that we neglect digitization. Its era of digital economy. Indirectly its helping to create such a environment which does not need protection!. So we also have to see other part of coin. Cashless economy is demand of time. But issue related to big data handling and protection form various wares is matter of concern so we have to oversee it. Its good news for us is that as a developing nation we are not in that danger zone as much many developed nations are facing nowadays. Still our govt is taking strong early measures in this direction. We have to look forward to sorting it out. Jai hind.

Yeah, it's Very good for Indian people because in India education system was too bad nowadays its okay but who all are not educated they will get suffer then they will try to learn the digital payments, as well as they, are using smart phones also. Then our Indian technology is good but from our cyber security should precaution of virus attacks like recently happened ransom ware attack. Even for cash bill and all paper consume will get to reduce.