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

Change is the law of the universe. By the time we have to change ourself, update ourself, bringing new skill in ourself. As a developing country we are not fully prepared for digital payments but partially we can go cashless as it will help to get rid of corruption in our country. But we need to teach the people who are underprivileged about digital payment because everyone in this country does not know about the same. In starting it will have it cons but somehow we have to find ways to get rid of it. Our govt should do something towards the awareness of digital payment. As the digital payment requires internet connections it may have server problems many times so govt should find a way to get rid of that.

Considerably we can bring digital payments in our daily life partially.

Digital payments if we talk about in reference to developing country like India it will play a catalyst role for growth of the country but in present scenario if we see than digital payment are not secure enough to go cashless because India don't have good security system to prevent people from malware attacks and frauds as just few days before India is one of the victims of Aadhar card of 135 million people leaked from gov site and many people in are still unaware about digital payments which increases the cases of financial fraud so first necessary education to be provided and proper security system should be there then also digital payment should take place.

Digital payments are not that secure that Indian economy can go cashless but Govt is working to make digital payments more and more secure to overcome the frauds that are happening in the market and also most of the population of India don't know about the digital payments. So according to me govt should start educating people about the digital payments and along with that they also work on making it more secure. After that only digital payments will become secure enough for the Indian economy to go cashless.

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

Hi friends,

I would like to express my views in favour of the existence of digital payment.

We really need digital payment in Indian economy. We all know every country is developing in its own way. Developing is nothing but improvement in technology. We all need to develop the country for that we have to improve our technology. So digital payment is also one of the technological improvement, we must use it otherwise we can't improve the country. We must try new things in our life. Stick on to old will not going to improve our country. But we must improve security in case of online payment. The Government should take steps to give security to that. Then we can easily use digital payment system.

Thank you.

Hello everyone, in my opinion, digital payment system in cashless economy is good but I think our country is not prepared for it. Being an under-developing country, digital payment medium crash sometimes and server related issues play vital role in failure. In some sectors, it also costs people more than cash-in-hand payment.

According to me, going cashless is a good idea as it helps to reduce corruption.

Yes, The digital payments in India secure to some extent. But how many peoples are ready to use it. Only few of them. About three fourth population of India lives in rural areas. Only 30% of Indian population uses smart phones. And most of the Indian population lives in urban areas are afraid of making online payments. A campaign which educates the Indians about digital payment by the ban the by the government is must in order to penetrate the cashless payment system.

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.

Yes it's good for those who have proper knowledge about e-payment. IN INDIA specially in rural areas people don't know about or have very little knowledge of e-payment so it's is difficult but not impossible. Government or Banks should take some initiative to provide knowledge about e-payment so that a huge population should also participate and take interest in e-payment with full faith and feel secure.