Are digital payments secure enough for the Indian economy to go cashless?
Points to remember before you participate in this discussion:
- Assume you are one of the members of a real group discussion.
- Take the initiative to participate and contribute your thoughts.
- Contribute your positive thoughts towards providing the solution.
- Post your thoughts here.
Discussion:
2111 comments Page 132 of 212.
Shylaja Mugunthan said:
8 years ago
As everybody said every concept has pros and cons so this concept is also have both. Digital payment reduce theft, save time etc. But it is difficult to understand by the illiterate people and the interest charged for that transaction is slightly high. So my suggestion will be, the guidelines for transaction in all languages will be easier for all and reducing the interest rate will also be a good teachnique to encourage the digital payments.
(19)
Kiran mourya said:
8 years ago
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.
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.
(7)
RamJagannath said:
7 years ago
No, because digital scandals are being more popular nowadays than theft. It is easy for a person to look for another person's bank details than to look at the locker details. Digital payments can highly reduce the space and paper work but making the man lazy enough for this generation. Also digital payment has its own advantages such as making the transaction more easy but there is a high risk to lose the details to the intermediary persons.
(2)
Rahul patil said:
8 years ago
According to my view, going India cashless is best way to stop the curruption in India. I think we should think about that the future. I agree, rural or common people have a no idea about to use this. But we know that now days some peoples are using atm but earlier years ago those peoples had no ideas to use ATM card but still now they using. Just like same. If they observing this system service then definitely one of the day they can do it.
(14)
Skm said:
8 years ago
In today's digital environment, the internet era becomes vasted in all area. The most common use of this facility to do payments online. It is a little bit tough for who are not known about this structure. It is secure through the OTP we have received when we do a transaction. It saves the time that we have wasted in going to banks. The cheating is not seen basically. So the cashless system. Provide better performance according to security.
(1)
Neha said:
8 years ago
Hello Everyone,
I think for making India digital, Indian economy must go cashless. Due to digital payment, we also avoid corruption. But the two problems regarding digital payments that in the rural area of India people don't know about digital payment, so we have to create awareness by providing practical training to rural areas. Another one is we have to also care about the cyber attack. So, to make India smart Indian should go cashless.
I think for making India digital, Indian economy must go cashless. Due to digital payment, we also avoid corruption. But the two problems regarding digital payments that in the rural area of India people don't know about digital payment, so we have to create awareness by providing practical training to rural areas. Another one is we have to also care about the cyber attack. So, to make India smart Indian should go cashless.
(5)
Tina said:
8 years ago
Before going cashless we need to educate our population about what is cashless economy and how yo make best use of digitisation because on ground level things are this easy as Modiji opened bank accounts providing managers payment directly on account of people, in reality, most of the people in villages are not even aware that they have bank accounts they accounts are being operated by the sarpanch s of villages providing them less amount.
(14)
Patel Shreyas said:
8 years ago
Yes, I agree with the cashless transaction but it is possible when we will improve our education. Nowadays Definitely educated people preferred cashless transaction but this all problems has been creating for uneducated persons. And India has many problems about the cyber system and law internet speed so first, we have focused on education and after we can focus not only cashless but all digitisation and we would succeed in digital India.
(6)
Mohan said:
7 years ago
In my view, digital payments are secure enough for the Indian economy to go cashless. Because after demonetisation many UPI platforms were developed to increase digital transactions. No other can do the transaction without the intervention of the user who owns the account. After each transaction, we will get a message of the transaction status. One disadvantage of the online interfaces is that it can be hacked which may lead to data loss.
(4)
Pooja said:
7 years ago
Yes, Digital payments secure enough for the Indian economy to go cashless, as it is a way for India to develop in one more field, It is secure because it will not affect people to waste time in bank for cash. All in one it will secure time which is very important in today's generation but despite of Digitization we need to focus more about India's awareness about digitization as 40% of people are still unaware about cashless digitization.
(18)
Post your thoughts here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers