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

Good morning everyone.

Yes, digital payments are very secure but the process what we are using for payments are not correct. For example, the government should provide one card to everyone that is money card which should also have the GPS system so that if we lose that card also we can track that card very easily. The card should have highly confidential security and we should have a rule that every transaction should be done by this card that may be like hospital bills, house Purchasing's etc. If we follow this process we are going to have a non-corruption India and also we can have our secured cards.

Hello everyone,

I am Arjita Srivastava.

As we all know that India is a developing country. I do agree with this that digital payment is secure enough for the Indian economy to go cashless. It doesn't need any middle man for the payments. You can easily share your payment to anyone anytime at anyplace. This is secure as it contains OTP on the registered mobile no. It's safer and easy to use. This has reduced in thieving, losing wallets with no worry as money is safe. Yet, it's little bit difficult for the people who are uneducated though we can solve it out by educating people about the digitalization and help Indian economy to go cashless.

Our country shouldn't be fully depends on digital payment system because there isn't available fully secure system to secure from threat. If some threat or failure may occur. It will give very bad effect on Indian economy.

Hello.

I'm Mohit.

As in my opinion, it's true because if we have to pay lots of money to only one person then it's very difficult to take lots of money in our pocket. That means it's a very risky to take it on. So by the digital payment, we can pay lots of money everywhere at any time without any risk or problem.

Hello, friends.

As per my view, going cashless was a very important step taken by honorable PM Narendra Modi to uproot the corruption which was prevailing in Indian economy from so long. It is beneficial for the literate people as they don't have to carry hard cash with them. But with regards to the illiterate it is a tedious job for them because first of all they don't have a smart phone and secondly, they don't have the knowledge about how to use the internet. So it is obvious for them to feel insecure by paying online. In regards to the security issue, I feel it is not totally secured. The uprising number of hackers can misuse anyone s account by getting access to it.

Hello, friends, I am Ayushi Suryawanshi, according to me, for a developing country like India digital payment is not a very good idea to overcome corruption. There is a lot of people who live at streets are not able to buy even a smartphone, they earn daily and spend daily, and also they are not educated. The digitalization is obviously not possible. Before digitalization, India has to work on some other areas like education of that people. I'm not saying that digital payment is a bad idea but before it there is a lot of things to do.

Digital payments should be promoted in the country. People are moving forward nowadays as technology is improving even in temples in villages people are started using Paytms. And now with more secure encryption and providing more base knowledge and awareness to the people. We can promote digital payments in our country.

Yes, digital payments are secure enough as a otp and bit encryption is provided by mediating apps. It will boost our economy by reducing the middleman who takes the money and thereby corruption. But to penetrate this facility more into the nation, we should teach the uneducated people how to use it and its useful impact. Thank you.

Hi,

Digital payment are secure for Indian economy if our government make all banking formalities simple because all digital payments are done by cards if we lose that unfortunately we can't wait for long period of time, and even all people in our country are not educated but they all have knowledge so if government gives a initial spark to use this system by giving fullest safety.

A very warm good evening friends.

I'm Pavani Bandaru.

Digital India is a great idea of making our country forward in making every aspect but the problem in India is no proper internet facility not only internet in some areas call signals only won't available so people don't show that much interest in online payment but we can make them much interested in digital payment by first providing sim signals after that we should provide internet signals and also all people do not know how to pay the cash in online if we make them to educate by conducting camps make them more interested in that so I hope this would happen.

THANK YOU.