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

Hello.

Everything changes with time. Therefore we have to step on the era of the cashless or digital transaction. As we can see the condition of environment that how we are disturbing it so frequently that we are no left with other than using alternative ways. Therefore.

1. To save paper digital transaction is necessary.

2. To step up India's economy faster it's better to prefer such method.

3. It is easy and convenient.

4. Reduces time consumption. Just a Matter of seconds.

5. It's the need of the hour.

Yes, digital payments are more secure than the traditional method in our Indian economy to go to cashless. Digital payments play a very important role in making cashless India. We payment money in every place through the internet within a fraction of a second. We don't have to carry money from one place to others. If I am carrying 5 lakhs rupees in cash then I have a fear in my mind that if anyone deprived the money etc but if I pay online I don't have that kind of fear. Yes in our India the people are not very expert in the digital system but they all are trying to pay digitally they also trying to know the process and they are getting aware. How we safe or protect our cash from fraud people like this we also can protect our digital money from the hackers or other people. Digital process is more secure because every time when payments we get an OTP in our mobile number if we use the password securely then anyone can't take money without our permission. So I suggest to everyone to use digital payments securely and make an effective tradition.

My opinon about digital India is it a good intiative taken by our government, now a daysmost of them telling that implementation of this method is at wrong time then my question is today or tomorrow or maybe n future your are going to implement this method why don't that day be today.

When you are going cashless you have so many benefits like you don't need to worry about your money as it is not in physical form with you by digital payments you can even save your time you can easily transfer your money from one account to another.

Atlast, what my opinion is digital payment is a Good initiative taken by our government and it's not only the duty of the government but it's our duty also to help the illiterate people to know about digital payment.

Yes, in today's era, digital payments are secure enough for the Indian economy to go cashless & that's because of the advancements in technologies.

For instance - Almost all the developed countries use digital mode of payment indicating their modernisation to the present era and moreover all the developing countries are using this digital method to become developed & to get stabilised in their own markets.

Digital payments eliminate the risk of being cheated. It also helps people to be literate to some extent.

Digital payments also reduce the reliability of people on other sources for money transfer, money deposit etc.

Nowadays people prefer for digital payments as they know that it is totally a secure method of payment as it reduces the risk of cash being stolen away.

Answer would be yes, as digital payments are secure enough to compete with today's world. But the main problem is with the retailers, shopkeepers, they're the one who hesitate to accept money through any of the digital payment method. Thus, it is necessary to make them aware of it. As going cashless and working with digital payments would be a lot beneficial for the Indian economy and would be easy for us also.

Yes. Digital payments are more secure for the Indian economy to go cashless. It reduces the corruption. Black money will come out and it helps to improve Indian economy. For bank transactions also we don't need to stand in queue, we can do our transactions online anytime and from anywhere. So, for developing our country we should go with digitization and we should form a ''cashless society". And the villagers and other people who don't know about this, we should tell them the importance of digitization so that they can also help to make our country corruption free and they will also get benefit of this.

Thanks.

Hello Friends.

According to me, digital payments are good enough for the Indian economy to go cashless. It is very easier to use, it saves time. There is no need to stand in line for hours. Just one click and its done. You will get some great offers and cash back. So this gives you a great deal.

But when security is concerned I don't think this is secure enough until and unless peoples are aware and educated about the digitalization. I have seen many peoples who have been fooled by some fake bank callers due to illiteracy especially the peoples of rural areas.

And govt should pay attention to the increase the level of cybersecurity because with digitalization hackers are also rising.

In my opinion, digital payment are secure. Digital payment is saved the time because you can and transaction the money in other bank accounts very easily and big amount of money you can easily transfer nowadays maximum people are using paytm, phonepe and with the help of application easily transaction money two other people and bank account.

According to me, digital payments will definitely secure Indian economy but only when the literacy rate of India will increase. Government should take step to council the people specially in rural areas that how the cashless transection is important now a days. It may also reduce black money scams and robbery level. Somewhere I feel that we people also take initiative to go cashless. Because when we take decision it has its own positive and negative points. To go cashless I don't know I much time the India will take but this step can change the India from developing to developed country.

Thank you.

We can't say all digital payments secure enough for the Indian economy to go caseless. As we know in India hacking is illegal because our online portal is that secure. One of the very good example of this is that last year Indian railway online portal has been hacked. Yes banking system, some e -payment portal like Flipkart, amazon etc. Are very much secure and the people can use it for digital payment. Also in this online shopping company if there any problem occur there is a special cell to tackle the problem and clarify our problem. Yes there is a postive outcome of digtal payment like it can reduce corruption, robbery threat, tax evasion etc. And more it brings transparency in the system. So to make digital payement much secure Goverment should have an eye on forgery online e payment site and should open large number of cyber cell to have a look on counterfiet site. At last I would like to say that before doing online transaction people should check the credibility of that e-payment site.