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

My opinion is Yes, digital payments are secure enough to go cashless, 10 years back there were no awareness and technology about digital payments, in that day's people are using direct cash for their payments, like public sector bills (E.B, train) but the population of India is drastically increasing so the facilities must be increased and also it's a time consuming one, people are very busy in the fast growing world the only option is digital payments there is a small lag for this technology in rural areas however this can be improved by keeping help centres for assisting peoples only one smart phone is enough. Coming to security digital payments are not so secure, there is a possibility of hacking. By giving awareness about hacking we can reduce but we can't completely eliminate this.

Digital payments mean we have to think ok, I agree that digital payments is secure but what about security and we don't have any guarantee to trust on digital payments because hacking is one of the main reason so my Opinion is I agree only 50% safe about digital payments.

In my point of view: it is very easy to share money every where and no charge cut your account. If everyone could be participat this payment and no doubt it is easy for Indian economy and me which is not currption, no high cost price.

Digital payment secure is most important in India because of that we can transfer our money through our devices. So digital payment secure is developing our country.

Today is a modern era we all are converting to new and advanced technology.

All things are good for learning like digital payment, digital transaction and so on.

So we can say that yes digital payment is good for all of us because it's making any work easy and less time.

But before so we should know some basic knowledge about how to do digital transaction it's mandatory and compulsory so we can take more benefits.

Otherwise, we can be in trouble.

Digital payments may not secure enough because the rate of illiteracy is high in comparison to other countries economy and so people do not have proper knowledge regarding the use of such cashless transactions.

Hii.

I am Abinash.

In my opinion, yes it is secure. Digital payments is the future of financial transactions, especially in a vastly populated country like India. It has many features such as encryption, biometrics, OTP, etc which has secured many financial records. The only demerit it has is that it is only limited to urban areas. Rural people have no idea what digitisation is, let alone digital payments. So digital payments can only secure the Indian economy if people from all sectors understand its benefits. Hence digital education is highly important, especially in rural areas.

Hello friends.

Digitalization is good for a corruption free nation. If we make it possible many of the problems will be solved out. So it is a necessary thing.

But security is also important as well as digitalization. So firstly aware peoples with use of online payments, billing, etc. How a man do secure payments how he save from frauds?

In my thought, in the case of technolgy, this is not secure. Because besically there are many hackers in our day to day life so we should approve some case in cash payment.

Yes, I would say. India being the second fastest growing economy in the world needs more alternative and digital payments have the solution to this. With vast population and the aftermat of demonetization it has pulled the economy down. Digital payment sites like paytm are secured enough and it will be a boost in the Indian economy, saving time and resources. Hence, ultimately going cashless will be the smartest choice by all.