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

Good evening to all.

I too agree partially, because in India lot are rural people, they don't know how to acess internet, then how can they buy goods through on line. Even some educated people also lack in using this means in villages.

It will change our India economy cashless when all people are awareness about technology.

So first should try to enlight the people in rural areas. Except this this is a very good decision to go cash less economy.

Hi everyone, according to me, the digital transaction is the best option to get Indian economy to cashless because due to the digital payment the middle chain of people who are taking the money will get closed and hence the corruption gets reduced and it is the dream of our India's honourable PM Mr.NARENDRA MODI.

Hello everyone, in my view, digital payment is secure because we can get record of every transaction and provides same if any problem arises and government have to make strong law against frauding activities. By this digitisation process government can collect more capital and leads towards development. In the mean time corruption can be removed with time permanently. And digitisation helps people to use internet so that they will become smart citizens.

Hello, everyone. I am Biplow Kumar and in my opinion, definitely digital payments are secure enough as the mediating apps or software provide bit encryption and even an OTP is sent on the registered mobile number to complete the payment or transaction. There is no fear in our minds which used to be while carrying cash or note packs. A lot of chaos and cold quarrels used to take place at shops which denied to return change and in return gave us chocolates. This hustle has also been overcome.

Hello, everyone, as India is a developing country the concept of digitization promises to be the stepping stone towards the development of the country as it helps in reducing the corruption which is the main problem faced in our country but proper measures should also be taken towards the security of online transactions and government should take proper measures to educate people who are unaware of the use of digital payments and should provide the more secure system so that anyone can use it without any fear.

Digital payment is useful but it all depends on your internet speed. INDIA came 89th in internet speed provider (i.e 6.5 MBps average internet speed) and 2nd thing in villages people have there account in standardizes banks, local banks not in the nationalized bank (BOB, TOM etc. ) due to which digital payment my or may not be accepted in these banks. 3rd thing if we are doing digital payment but if the bank's internal server is updating then? we can't get our money back or our transaction also not be in other's bank account.

Hello, good morning everyone.

I think digital payments saves lots of time compared to cash payment.

As we all know the government started scheme digital India and government also launch the Bhim application for digital payment.

But people not aware how to do digital payment.

Digital payments are secure but only educated and economically well to do people in cities have this option. Only 18% Indians have smartphones. In rural areas, there is lack of technology to facilitate digital payments. The rural areas need to be developed and there needs to be a massive education program to educate people about digital payments. This may take some years.

Hello, guys.

In my opinion, I think that Mr. Modi takes a good step but we all know that our 70% of the population live in villages and many of country people do not know how to use a mobile phone then how we can think that it is the suitable time for digital payments. We have to take all people of our country equally and all have same rights.

Hello, friends.

With these large developments in technology, I believe digital payments are much better and easier option. Since your work is done in less amount of time as compared with you as an individual traveling to different places to pay your bills, place an order, etc. Just like the two sides of a coin, here too there arises a problem of a threat to security. Then the question arises how much you can trust the online sites which need you to place your account details with them. Increase in a number of security threats, cyber attacks have just added on to the dilemma. So I would like to conclude by saying that Indian economy is not entirely ready to go cashless.