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

Yes, it is secure. It reduces the time for remove the money from bank or atm machine. Also, it very easy to transfer money in small amount of time.

Yes, the digital payments are secure enough for the Indian economy to go cashless for the aware people only. But there are problems with the illiterate people and the solutions are that for illiterate separate department should be opened and the workers working in the department must be trustworthy and the concerned department should be responsible for any kinds of fraud or illegal activities with the digital payments. With any kinds of new ideas there are merits and demerits as we all know that corruptions are reduced, time is saved, there are less traffics on road as a result low air pollution and natural resources such as oil, gas etc are also protected.

Hi all, Online transaction is a very good system to grow the economy of India. To make a 100 rupees note there is some expenses. But if we pay or receive money online, the expenses will be less and the growth of India will gradually be increased.

Thank you.

Digital payment is now is on of the major problem for the uneducated people. Because they don't know how to operate the devices like ATM and online transaction they only know about case transaction system which is running 10000 year.

The point is that people first people should aware of this digital payment system then cashless will improve our economy. If they don't know the the process how India become the cashless India. And before demonetization India economy is increasing now somehow it's decrease. Due to demonetization and GST which impact our economy.

And if India become totally cashless then the unemployment will increase because if all are done online somewhere the person who does the transaction of cash. He will somehow get affected.

From my aspect, there is so many advantages go go cashless. But I know in our country literacy rate is being so high and poverty rate to that's why many of Indian citizen can't effort the gadgets or they can't be understand how this can we word.

But the case of demonetization, intention should be good but infrastructure not good. Digital payment is good because you may easily transfer the money at instant or very secure medium for payment. But this was all happened when our people will debate about how this digital payment beneficiary about us. Through digital payment India will improve gdp rate and reduce illegal gratification.

In my opinion, Digital payment is not secure enough to go cashless at present but it might be in near future.

It is not secure at present because there are various issues that need to be addressed like cyber security and awareness of digital payment among villagers. At present in villages, most of the people transact by cash and without them, we can't think of a cashless economy. We need to educate them about technology and digitization. But at the same, we could we secure enough in near future as the government is promoting cashless economy and recently launched BHIM and UPI for a quick transaction. We have witnessed that cashless transactions have increased after demonetization.

According to me, digital payment shows our technology development. It greatly reduces the risk of keeping the paper money in our hand, fearing of robbers. At the same time, in the digital transaction, there is a chance for hackers to hack.

In my point of view, digital payments are required for the country like India to save time and energy by not standing in a queue. But before implementing this, we have to enhance our cybersecurity. We have seen a no of cyber breaches recently like in paytm, food panda. Due to this breaches, we lost our personal details. Another problem is that illiteracy level and net speed, network connectivity.

No. I don't think so. Because the hackers are becoming a threat in this internet world. They have the government documents like passport, visas. Can't they hack digital payments on the internet.

Digital payments are secured but because of lack of knowledge in people give chance to the intruder to harm and steal important information.

Some of the reasosn are;

- people generally use pirated software.
- use of hacked sites because of lack of Information.