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

Yes, they are secure for the Indian economy to go cashless. But it will not suit for the poor people since they cannot have their atm cards with them and also the middle-class people will get upset when they swipe often their atm cards for a single cup of tea.

Digital payment is good but if it is about Indian economy then gov has to advance the security level of payment as we know that lots of cases of hacking & fraud. So, for now, it is not safe but ya in future it will be possible. As we know that gov has already started a channel on television which inform the people that how to do cashless transactions.

Thank you.

Hello, everyone.

I agree to it because our PM dream is digital India and it is possible when everyone uses and joins the modern technology if all the Indians are cooperative through it the dream of digital India will be the success.

But it not secure so everyone not trusts in it and thinks it is not good but when it go in a secure way that time our country economy go to cashless.

Hello guys, According to me online transaction is not enough safe because if you buy something from your fav website and give your pin there then if somebody (worker of that website) wants to hack your account then he can easily able to do that. And another big reason is literacy. Thank you.

It is good start towards modernization. It will be helpfull to reduce corruption in country. In India, max. Population is belongs to ruler area, they are unable to afford smart phone, this will be inconvenience for illiterate people. To overcome on Such situation Government should take strong steps like complain about digital payment and to make people confident about its security.

Hellow friends, it's a good decision by government they have taken this step for convenience of people and also for their safety as plastic money is more safer than paper money. It will reduce the crime cases.

It is also eco-friendly.

Hi,

As we all know that the technology is growing up day today and it's a great task to be updated with the technologies. While considering the fact about digital payment I think it should be adopted as soon as we can it not only saves time but also helps in reducing corruption up to a certain. From that our economy can grow. But considering the whole India as my friends here said it will not be possible to implement this as a successful one because of the low literacy. So first of all awareness programs should be conducted, I'm sure that a certain portion of people will be facing the difficulties after that too. But their children or next generation will be useful with that. As far as security is concerned India must be updated. And then only the dream of digital payment will be successful.

Yes. Digital payment is the best strategy to go cashless. First of all, we have to awara people who are lives in a rural area about digital payment, we have to give information about the terms and conditions to the people. The main benefit of this is corruption will be stopped by the cashless system. So according to me, digital payments are secure for the Indian economy to go cashless.

No, I want to say we all use the mobile wallet as much as we can, and use a similar m wallet that available all places, for example we all should use only paytm wallet for our facility.

I believe in changes. We should change as per environment to fit in this world. Every coin has two sides same like digital payment also has advantages and disadvantages. But it helps to reduce corruption.

Because every transaction gets record somewhere.