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

Digital payments are secure. But in order to go cashless additional steps are to take. The idea of e-payments must be educated among the common man. The elder population and the poor should be given information relating to this. And in all the shops including the small, the epayment facilities should be implemented.

Hello everyone, in my opinion, digitalization is a very good step taken by the government. The major advantage is the lesser risk of robbery as the lesser amount we carry during a day, lesser are the chances of losing them.

Another advantage is the growth of Indian economy by taking this step.

Yes, there are cyber crimes but at least we can make more and more protected apps and websites as we have huge chunk of IT professionals working all over the India with great minds.

Hi Everyone,

In my opinion, digital payments in India by encouraging plastic money is indeed a very advanced approach and it definitely going to have positive effects in the near future. But, for the time being, in the short term, it will create many serious problems, especially for the uneducated and the underprivileged people residing in the rural areas.

So people in India must be provided with the proper knowledge and education that is needed for them to get acquainted with the new modern approach. If this does not happen, then only a certain section of the society will be privileged and most of the people who are in great need of "money" will start facing unbearable circumstances.

Hello.

To raise the economy of India, to make.

India a developing country, we need to go cashless. And yes, digital payments are secure enough for this. Digital payments have a minimum error, fast speed, high accuracy and most importantly more secure i.e. without the interference of human means manual work decreases.

The main motive for India to be cashless is to remove corruption, black money, and discrimination (partiality).

To fulfill this motive, digital payment is one of the most important weapons.

But every coin has two sides, in a similar manner, digital payments have some disadvantages like illiterate people may face many problems regarding e-commerce, online payments. In most of the rural areas of India have no or less facility of Internet. So taking these facts into consideration, there may be some problems regarding digital payments but we can solve it by organizing seminars and workshops for illiterate as well as aged people. By giving good internet facility at cheaper rates in rural areas so that poor people can afford this.

Thank you.

Hello, everyone!

Online payment or transaction is very helpful and important for our generation we could save our lots of time.

And maybe it's helping to our country to make corruption free and it also impose on our GDP by getting more transactions!

Hello, everyone. I think digital payments are secure enough because it saves our time, and makes India as corruption free country. As all we know that PM Modi is trying to make an India as digital India, It is the one way to do it. Some people do not understand how to carry out digital payments so the government has a responsibility to take camps so that people can be carried out easily.

Thank you.

In my opinion, digital payments is a great idea, that we are looking forward to reducing corruption, black money but the government has to take measures to have a proper internet connectivity and safety to online transactions from viruses (like 'ransomware'). Till now there are some areas where there don't have minimum 16 hrs power supply per day. Another hindrance is a low percent of knowledge about the online transactions by a man of streets. They do not know how to carry out these processes so government should take a step to conduct some camps to educate about digital payments.

Good morning to all.

In my opinion, digital payments are secure. It saves our time. For all access like balance checking, money transfer, billing and all. If we go cashless, corruption will decrease. But many people does not have smart phone or does not know about digital payments so we should create awareness about digital payments.

If all people would use digital payments, definitely it will increase Indian economy. And it will make India corruption less country.

Thank you.

Hello, everyone.

My name is Varsha Maheshwari. In my perspective, yes digital payments are secure for the Indian economy rather than to pay cash. By digital payment, corruption may decrease and the government gets money as a tax so that we can make your India better.

In my opinion, India should focus more on reducing online frauds, making secure online transactions so that people trust more and more. To attract peoples they can give cash back offers and reduce service charges.

So, digital payment is not only beneficial for us it also reduces corruption of the country by reflecting the amount paid directly on the bank account of the merchant.

And from past few years, online frauds is reduced and rbi is planning to return the loss amount after the probe. Coordination of vigilance programs, help the rural people to shift towards online transaction because it has many advantages.