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

In my opinion, digital transactions are secure enough for Indian economy to go cashless. Digital India is one of the flagship Program of the government of India with a vision to transform India into a digitally empowered society and knowledge economy.

"Faceless, paperless and cashless " is one of the professed role of digital payments.

Yes digital transactions are secure if we follow the guidelines, there are set of rules that needs to be followed to keep your digital banking secure and free from phishing. If we take care of those little points which we usually ignore, it is not very difficult to stay secure with digital payments system. People usually miss on small but essential guidlines that maintain secure payments system.

Hai Everyone,

The idea of Digital money was good and had made most of our transactions efficient and fast. But as per today's scenario in India the economy can't go completely cashless as there are people who will take time for getting adapted with the reforms. It is so because the small retailers are not aware about the digital money and its benefit and they are making transactions in paper cash. But allover the idea of digital money was good and it can contribute a great hike to the Indian Economy.

Hello good evening to all. Well in my opinion, digital payments are enough to secure than the offline transaction. Among of us thinks the online transaction is risky. But we have to know there are too many payment gateway portals who provide secure transaction between buyers and sellers like PayPal, pay secure, secure SSL, stripe etc. So that's why we should all to go for cashless.

I think yes. Digital payments make us to less worry about our money. We can buy anything we want by being anywhere on this earth. It help us to reduce wasting our time, makes money more secure etc.

Digital payments should be essential due to which we can save our precious time. Using various e-wallets such as Paytm, Debit card, Credit card etc. Cashles transction are easy to transfer money and it avoid spends hours in the qeue.

But it also has limitation.

1. Nowdays cyber crime such as hacking are increasing rapidly.

2. Together with advantages of cashless wallet increases digital fraud is also increases such as hacking of atm card.

In my opinion, Technology is improved and a lot more changes happen. And digital payment method is very useful in nowadays to transfer the money anywhere in the world without standing on line. With the help of digital payments we can save our money because lot more cashback offers are given by online sites like redbus, amazon etc. One or two years back for electricity bills, phone bills and recharges we go and pay the bills. But with the help of digitalization, we can pay the bill in the home through phones. At the time of digital payments, we should follow some instructions given by the government. Our debit/credit card details do not tell to the other persons. Government give the awareness about how to use to the urban people. Because most of the people in urban places they don't know how to use this.

Yes I do agree with this points.

We can just think that on a point of sale if we have both cash and card or other e payments whether indians go for cash or card I think that most of the people go for cash. What's the reason security yes of corse the mindset want to be changed people are not properly aware about the same. The risk we took is almost similar if proper measures are been adopted.

*proper awareness.
*know the schemes programs.
*availability of epayments in small amout transactions.
*technical support like call centers.

Online tarnasation good way to buy, sell and deposit, credit it's good way. Its a secure according to me how means it takes less time and full security if they knowledge how to use app, and nd we have to train our ppl how to use it, its well secure as compared to cash though hand,

Hi.

India (125 crore pop) will get some time to change from current situation to digital payments. Well talking about security, it will go on increasing day by day as many countries are successfully digitalized.

Digitalization must be there.

I am Akanksha.

According to me, digital payment secure enough for the India economy to go cashless, I agree because there are several poor people they are work in small place they need cash, they have not enough knowledge.