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

I feel digital payment is not only safe but is very much useful for going cashless. Going cashless is very easy and smooth in urban areas as people are well educated and aware of the various aspects of it. The success of digital payment mainly lie on its implementation in rural areas and I think it's not difficult. There are still some people in those are who think atm are also not secured so that percentage will always be there. So we have to see its effect in a broad way. The young generation of people in the rural areas are not getting educated and smarter and they know the use of technology well. So when an old guy from a rural area sends his boy to the bank to do some stuff, he does it on his smartphone.

So, going cashless is absolutely safe and fruitfull though it will take a little time.

Yes! I do totally agree digital payments are secure enough 4our economy as well as for the development of our nation and pals living in it, there is no doubt that it's 100%secure if the user is aware enough to use the electronic payment system, it saves our TIME & ENERGy at the same time, And most importantly it's a step ahead for OUR DIGITAL India, campaign by MR.MODI!

Yeah, digital payment system provided people with a lot of facilities. People can pay their various bills online and save their time and efforts by not standing in a queue. Also, it provides facilities to travellers from overseas as they can make their payments easily and also they will feel safe from not getting robbed. And I don't think so making digital transitions is totally unsafe because the government is taking a step forward to make this transitions safe from hackers. Also, in rural area's today's generation is not only educated but also knows what's the internet is and can Handel the smartphone without much difficulty and if proper awareness about digital payment is spread then people all over the country will be able to make the digital transition.

Now, India is a developing country. So in the first time, difficult start digital payments. In an urban area, it's started but its started many problem as-cyber security, high-speed internet, in the people digital payments understanding as many problems. If in the people motivate its topic than in areas are developed. So first time some problems but after these result is good. So I can say that in coming future time Indian economic cashless and growth.

Hello. Everyone I think we go with cashless is important. Because now days the generation goes on changing so ppl don't want waste there time deal with cash. Now all the urban areas becoming grownup faster. And I would also support digital India. Right now even not a single urban area is without internet. So I like to go with cashless and govt also provide several secure method to do transaction.

I think digital payment have both negative as well positive effect If we talk about the metropolitan city where people are so busy that going in ATM's, banks they have 2 think twice whether to go to the bank and stand in a queue or go to the office where they are paid 4 giving their time. That'swhy People without taking another thought prefer digital payment. As we all are aware all positive thing bring with them its side effects this is same with digital payment also but according to me, the government are trying their best to make people aware about fake cl regarding payments even banks specifically notify about it that bank never ask for our atm pin any info regarding an account. Now. coming to the rural areas illiteracy rate is though high but now everyone is using smartphone if given demonstration ad Trail with government initiative to make them aware about its benefits ad what things to remember during its use ad also making them aware about fake cl, how to respond to it, to how to give info about it, it can become boom to both societies ad in whole our nation.

Yes, its absolutely true that digital payments secure enough but some points also we have to keep in mind such as hacking of bank accounts, cyber crime, also think about rural area's people they are not enough matured about technologies.

Yeah, moving towards digitalization is big step taken by government, as it not only secure tear of paper notes and will also help to stop stealing of purses, wallets ultimately it pushes the pitty theaf activity on minimal. But for implenting it, the policy makers should also take this consideration that they should provide internet on minimal and no charges, so anybody can use it without any problem.

Hello, everyone! I am B.Chaitanya Srinevas. On a positive note, I would like to discuss the merits of the cashless economy. I would articulate my answer in a concise way rather than being verbose. It can have effects on regional scale and on a global scale as well. On a regional scale, it tries to remove the stress amongst people to stand in huge lines and wait for money near the ATMs. On the other hand, any form of an electronic device provides added security and less traffic congestion between the merchant and the customer. Provided if there is a good internet connection. On the contrary, the people should be aware of the process of the digital transaction and the process of buying any goods and services of a utility value. People should be subscribed to a good network connection and also should have bank accounts. This feature on a global scale provides a medium for privatization to improve in this country. It encourages all the banks and cellular subscribers to be poised towards the development of the economy. Liberalization, Privatization, Globalization is the backbone of any developing nation and the security of people is fundamental to every nation. Though there may be bitter hindrances towards the development, it has a brighter side as well. Hence in opinion, we should improve upon our liabilities and help our country to be a better place.

Hi, everyone!

I partially agree to this.

As according to me, it will be helpful only for the urban people's Nd not for the people living in villages.

For ensuring Indian economy to go cashless first of all proper knowledge must be provided to everyone as all are not aware of the technology and even the urban people's are facing the problem.

And when we talk about the old ones or the age group above 45+, all these digital payments are unacceptable to them. They don't even know about the basic apps and how to implement them.

The basic problem is to make them understand about all these applications use.

And I disagree with this.

"digital payments are secure as they are protected with the 128bit encryption key. Due to which it is difficult to hack the password" as it is difficult to hack but not impossible to hack. There are brilliant hackers in India.

Digital payments can be secure for the Indian economy to go cashless only ""when the rate of cyber crimes can be reduced.

""The rate of illiterate people is less.

""The internet speed is up to the mark as many a times during digital payments server usually goes down and can cause a problem.