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

"DIGITAL INDIA" is one of the major initiative taken by the present government Definitely it is mandatory that for a developing country like India we need a digital and cashless economy to fight the menace of corruption and black money. If 30% of our population use cashless e-wallets or transaction our economy will be benefitted which doesn't seem to be a tough task as we have largest no of youths in the whole world. But the major problem here is security. We all know that e-payments are not much secure in our country. Every day we can see newspapers with such fraud cases. Due to which even educated people to take their steps back. If we want our country to b digitalised proper cyber security need to be maintained by the government As well as in rural areas proper training and guidance should be given to people not having the knowledge of how to do digital payments. People should start doing digital payments when the amount is low so that they can build their confidence in digital payments.

Digital payment is good for a small transaction. For big transaction it is not comfatable. Online payment is always not success, some problem is create due to internet, virus, and problem in mobile, laptop and many reason. Sometime transaction failed from following reason. So I agree for digital payment for small transaction not fit for big transaction. From digital payment many advantage.

In My opinion, digital payment will definitely improve our country. Most of the people in India do not have awareness of digital payments, even they don't have knowledge how to use a smartphone. For doing e-payment we definitely want the internet connection with any smart device. In rural areas, most of them don't have that much of facilities. First of all, we should spread the knowledge on digitisation through the campaigns.

Yes, digital payments secure enough for the Indian economy first of all digital payment remove the corruption from our society and we have receipt of our transaction which helps in future and we going everywhere without cash and we agree its problem for the rural area, but this thing is good for our country hope for the best.

Yes, really because of digital payments India is becoming corruption less country.

Because of digital payments India is getting digitalised. Even though there are some problems in villages initially, but later on they came to know the importance and buying smartphones and getting digitalised. Prime Minister Narendra Modi introduced this idea mainly to curb corruption and he became successful.

No need of carrying money with our hands with lots of fear that someone will rob it, we can simply carry a card in our purse.

Finally, there may be some problems initially but later on "digital payments" is playing a key role in the development of our country.

We all know that India is a developing country. Many initiatives are needed to make this country developed. In this way, DIGITAL PAYMENT is a better initiative idea because MANY DROPS MAKE THE OCEAN. So, my point of view Digital payment is better but it is not secure 100% by Cyber attacks. The probability of cyber attack is very few in our country because our country always trying to reduce these type of attacks and succeed largely. Apart from these sides Digital payment is not so much time consuming, nowadays a large number of the population have smartphones and every person has not enough time, they can save their time through digital payments. Actually, every child can also pay their bills at home through digital payments. Many companies already believe on digital payments.

From my point of view, the process is very helpful to make digital India. We know that 55% people are living in rural area. But they also are now using a smartphone. Then steadily they will have the potential to cope up with digital payments. As we know 8 or 10 years ago from now the did not know what is the smartphone and how to use it. But today they are familiar with the smartphone. They have accepted the change. Like this, they will accept the process of digital payments too. But yes, a strong effort will be necessary for them to accept it and slowly n steadily they will accept it.

According to me yes, it is secure enough because it stops corruption, black money etc. This will make India smart city or developed nation. It will take time but it is not impossible if everyone will support then obviously.

Our India will become digital India.

Thank you for giving me an opportunity to express my views Thank you.

Hello, friends!

In my opinion, the cashless economy will be a great achievement. But thing is that everyone should know how to secure their personal information individually. Considering the growth of this generation we can see some people from previous gen whoever had zero ideas about the internet and smart gadgets, they learned to use such gadgets in a smart way than this gen people. So, in future when India entering into cashless economy everyone will be knowing how to secure their own individual information. Lack of education will not be the problem in future. If govt of India provide certain guidance then it will be a great achievement for India and easy for the public as well.

Digital payments is one of the best way to reduce black money in economy. I don't think, it's require huge knowledge to do transactions. 70% people are using smart phones, it's saves time. In every issue their is some problems, technical problems are passing clouds like Wanna cry (ransomeware) , we need to think how to take precaution before of a victim withit and how to over come. And finally, Yes, I agree few people far away to technology, in that case 70% cashless will help to avoid this to tackle the problem.