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

Digital marketing leads to:

Faster Transaction.
Payments of products could be done at any place.
In the time when we don't have change, we could easily pay digitally.
Even there will be no stress in mind of money to be lost as we have only one card.
Looking at security in India for digital payments, I think it's still way behind, it's insecure to type password (ATM password) in front of unknowns.
For a solution, they could use the fingerprint scanner instead of ATM pin.

Yes, According to me, digital payments are good steps in India, its increase our economic growth (GDP) but an issue is that in India 50% people have not a knowledge about the online transaction and it is caused by cyber crime. So firstly the government should aware to the public for digital payments and then launch such type of apps.

Yes, it is secure but some people don't have a particular knowledge about digital transactions govt should educate the people about digital transactions then all are use digital payment.

Why because so much cost to spend the government to shift the money from one bank to another bank or one atm to another atm like this so much cost spend govt will spend than digital transactions are necessary. All are using digital transactions than save so much money to the government &people.

Hello everyone, In my opinion, digital payment system gives more transparency in financial transactions and play an important role to grow Indian economy.

Hi, guys.

Well, I think digital payments are secure enough for the Indian economy to go cashless because of the following reasons:.

1. Digital payments save a lot of time as we all know people don't have much time to waste.
2. They decrease the chances of robbery as you don't have to carry cash with you.
3. Digital payment is one of the sign of development of our country.
4. As India is one of the fastest developing countries in the world. So, it won't be so easy for the hackers to hack the accounts, so it is secure enough.

In India, cashless transaction is not possible because benefits our earth and our government known not to help ebazar government is not helpful to catch then the is Cyber crimes we also can speak with also can say that in her in her past days many Chit Fund marketing companies cheat us so it's very it's very difficult to cashless transaction to provide without any security features we can say that here in our country and its a very difficult task to cashless economic in the in India many problems are here to for cashless economy key because many people did not used mobiles and and and feature of the cashless transactions so we can say that it's very difficult to digital payments in India we can see in marketing in marketing in marketing company still running in market and and government did not take any action on this continuous see if it continuous us continuously if you say so we know that we should have the cyber attacks people.

Hello, friends.

When we discuss digital payments in India, basically two things come in front of us.

So in my point of view, there is urban area people or rural area people. First of all, discuss our urban area people. In that case they people are totally aware of it by the seminar, conference or news etc. It's just like a mouth market. Then people should aware about it digital payments. But there is most of the difficulty about our rural area people, there are illiteracy for there people. Because they not use mobiles phone properly and also no there banking facility or their internet facility. So in my point of view, only rural area be half of digital payment is not secure.

Thanks.

According to me, going cashless is a big step towards "DIGITAL INDIA". Digital payments save time and there is no need of standing in lines but we aren't completely ready to go cashless. The wallets and the mobile banking applications in India are jots using hardware level security which is mandatory for secure transactions. Also, Indians are most prone to falling in traps of phishing and hacking. So we aren't completely to go cashless but we are on the way. Also, there is a lack of awareness among the people of rural areas. There are not aware of how to operate a mobile and we expect them of making transactions through them. So a lot of efforts need to be made. Also, the network operators need to improve their coverage. The Indian companies are making improvements to make digital payments more secure so can hope for getting things better.

A very warm good evening friends.

I'm Pavani Bandaru.

Digital India is a great idea of making our country forward in making every aspect but the problem in India is no proper internet facility not only internet in some areas call signals only won't available so people don't show that much interest in online payment but we can make them much interested in digital payment by first providing sim signals after that we should provide internet signals and also all people do not know how to pay the cash in online if we make them to educate by conducting camps make them more interested in that so I hope this would happen.

THANK YOU.

Hi,

Digital payment are secure for Indian economy if our government make all banking formalities simple because all digital payments are done by cards if we lose that unfortunately we can't wait for long period of time, and even all people in our country are not educated but they all have knowledge so if government gives a initial spark to use this system by giving fullest safety.