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

Hi I'm Sunil.

In my opinion, Sometimes digital payments are secure and sometimes not secure.

Not secure means village people don't have a knowledge about how to make digital payments through online. Therefore the government should give awareness about this technology to village people like by advertising process. And sometimes hacking can occur so it's not secure. But it is faster and convenient. We can reduce the waste of time. Within a second we can transfer money from account to another account. That's it.

Hello everyone.

I think yes it's important nowadays to switch towards the cashless payment.

The main reason behind this may be the saving of trees as well as nature.

Not only the trees but the time also.

The money is a thing which is a very insecure thing and it can be stolen very easily. So carrying a large amount of money becomes so easy with credit and debit card.

And it's not too hard to use it also so all this are points which promote that we should switch to the modernized world and except the cashless payments.

Yes, it is right that village people don't have a knowledge about how to make digital payments through online.

But it's not an only government responsibility, we also can do it for our country. We can make a group of 5 to 6 educated people who can work for rural areas people, who can give the whole information them about all these digital schemes.

Definitely, it's a gross step towards Indian economical improvement. Though we have several problems in it, but definitely it helps in various ways. Govt gets his right to access what we need and cashless is a huge step towards it.

But we must be aware and must have security,

Otherwise it will lead to a big issue.

In my point of view is that digital payment is secure now a days.You may transaction the amount with using debit card,credit card,net banking etc. But a problem is also is there , problem is you have to require a good connection of Internet. In rural areas there is no good connection of Internet ,so they can't get to pay in digital. In this situation we have to request to government to give internet connection to rural . In this way we can make a digital payment in India..

Hello, I think it is better for us. If we are using online transaction then it will stop black money and online payments is too secure and very easy. If we are using online payment then no one afraid thief or any type fraud. For online payment many types of app available like paytm, mobikwik, phonepe. Also it save our time because if we are transaction money to relative person it will long line in bank.

Hi,

No, the digital payments are not secure enough for Indian economy. A businessman always wants cash in flow & outflow for the smooth running of his business. Government of India's demonetization is not a good step in the sight of a businessman. There are so many small traders which do business daily, can't handle their current Bank A/c, they think daily business as a daily wages, reselling of a product daily & profit is the wage. So, they do not want to create their current A/Cs for the handling of the daily reselling business & paying to CA the fees of auditing & paying Income Tax. But the Indian government going to make country cashless, how can this be possible with population of 1.3 B. The cashless is profiting high level businesses not SMEs.

May I say sir, thank you. In my view it is very good step that has been taken by Indian government as of now the people were getting exhausted from standing in line for the sake of deposit or withdrawal operation so it is good act taken for the people sake to relieve.

We can't simply ban anything we have to give an alternative for that instead of opinions. If we are talking about betterment as we are discussing about being cashless we have to think about others too (including beggars, rag-pickers etc. ) you aren't gonna pay them using e-accounts. Remembering that either provides better jobs to them so that they can afford a phone and can use it. Else find another alternative.

Yes, digital India secures for us because we are not going away from home with carrying huge money. Due to digital India. And also we are no need for waiting in a queue in the Bank. But at that time many hackers when we transact the money they can hack our account. Generally, this type of incidence was happened with the rural people due to the lack of knowledge about digital economy.