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

Hi.

This is a time of go for cashless. Because in India corruption is more boosted. Because of more corruption, India is developing very slowly. If want corruption put in place then cashlessly is very important.

According to me, there are advantages and disadvantages of the digital cashless system. But in this generation digital cashless made people make more easy for cash transactions only the issue is with illiterate people I think this is not only the duty of government but also every child should educate their parents about this cyber attacks should be strictly prohibited by goverenment and they should punish hackers in this regard.

No, because anyone can hack our systems and also the main problem is most of the people who leave in villages do not know how to use the digital media.

Definitely not because in India well educated people and use of networking known about digital payment is about 25% approximately other than that India is an agricultural country and have villages surrounded about it so most if the senior citizen known or aware of digital payment is less considering the circumstances if it is made mandatory for compulsory it ll be difficult for the people who have majority criteria falling on no answers and still the Indian online payment is not to update of security systems this makes the users also to get back from it so first thinking it must be implemented for simple things and cyber security of net banking and some. Co should make it user-friendly and net charges must be made free like other countries.

Hello friends,

In my opinion, digital payments is a very good start for the Indian economy to go cashless as we can monitor each transaction so illegal transactions can be easily kept, but most of the ATMs in our country still runs on windows XP OS which is outdated many years ago, so it can be easily hacked by the hackers. Thus, we have to update our security systems for enough security.

Definitely not enough. Even though our Government introduced the cashless system, there are many flaws in it. One of the threats to it Hacking. Black Hat Hackers are increasing day by day. Their main aim is to target these type of systems. There are very few cybersecurity officials in our country. So, we need to focus on cybersecurity first and then only we have to implement these kinds of changes.

Hi everyone,

I would like to bring some of the facts which Qualcomm has recently reported: "Not even single digital payment application in India is secure enough. India lacks hardware security. " So what is my point of view, We are not completely ready to go for a cashless economy. There are still security challenges which must be addressed.

According to me, Digital payment is the best way to remove the corruption. In which you can pay to any thing directly without using cash through the online transaction. There is no need to carry the cash. So the chance of Lost of the purse will make no harm to you. But this scheme is only for the literate people. And about 30% of the population of India is illiterate and do not know about the cyber crime and how to do the online transaction. So govt have to start awareness program for the rural area that they will aware about the digital payments.

Hi everyone,

Government has taken a step towards the corruption free country by introducing the digitization, however it is also important to teach about the digitization in the rural and urban areas and also the security of the card, so that no one can fool them, where it is not popular to use card or any app for payment so they can understand the positive impact of digitization and they can also lose the fear of threatening of cash, it is easy to carry card with respect of high amount of cash.

Thanks.

Vineeta.

According to me,

Go for cashless is one of the great ideas from Shri Narendra Modi government. The Main reason behind the go for less cash to curb the counterfeit notes and curb terrorism and remove black money from the society.

But before implement, this idea government will take some precautions because the majority of Indian people majorly depends on cash payments only. Government creates awareness about digital payments and many of the illiterate people also there in India.

Security threats in digital payments also major issues in digital banking. My opinion is that before implementing this idea government will look all these issues.