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

Hello guys. In my opinion, the digital transaction is more secure as compare to carry cash. But those people who live in rural area they have no internet connection and most of the people illiterate they are not aware how to transfer the money by using an application like payment phone pay etc. So it's a difficult for that people.

Digital payment is secure but some extent only as more than 50 percent of Indian people dwell in rural India and the majority of them either " uneducated" or "educated but have no knowledge about internet".

So, the people with no knowledge or little knowledge about anything can be easily defrauded.

Therefore digital payment is secure for certain section of our society and for other for me. It is insecure.

As we know, in our country, most of the people are unaware of this digital payments. The government should organize the camp to teach the uneducated people how to make digitals payments. It is secure when the government will make a strong law against cyber crime and also make a high security while processing. The digital payment is good enough for Indian economy too because when we look after the topmost developing countries like USA, UK, Canada etc. They all have digital payments so this is all we need to look after it especially to uneducated people who doesn't know about how to use smartphones, laptop etc these are the sources where we can pay our money digitally.

Some places digital payment is good but many places. Raviraj ji also said that rural areas have many problems by digital payment. But somewhere if you pay by debit card then you have to pay extra charges. & I don't know that why we pay extra charges. When product label is written MRP (Maximum Retail Price With ALL Taxes). So, I think this is not giving only profits us.

Today digital payment is secured but we should think about rural area where still not reachable digital facility as well as they are literally uneducated person and our education system is very poor so think us about education as well rural areas where still amount of uneducated person live s with his family even though they not competent for his family to survive.

Yes, of course, it is secure but the condition is that we should use a browser like Chrome Firefox that will help to secure payment method.

Friends.

According to me, if you talk about the current scenario or you can say the condition of our nation we are not at our best at this technical and smart life. Of course digital payments are secure but only when, if you are very good at it or you can say when you have a good knowledge of it because a large amount of our population even our mom dad are not that much advance.

It's not about the security one should be concern of, even cash facility is not secure. There are many issues now as infrastructure access digital gap illiteracy unawareness, but It is the initiative on a positive note to create a corrupt free nation where black money and corruption are making their way to destroy the economy. I think It's a great initiative by Government.

I think that in some cases digits payments are good if the aware of it and there one time passwords for every digital payment so it is not easy to trash any account we are becoming technical and made India as more knowledgeable right. For people who didn't know about digital payment, it is unsecured.

In my point of view, this current scenario Indian economy growing very fast and people use digital payment options which many presents in the market like paytm, digiwallet, oxygen, credit card /debit card /master card many more option available. Due to fast improvement in Indian economy digital payment contribute much more people go cashless and done with online payment options but this current era Indian banking system"s atm runs on old version which can affect the whole system and problem occurs with it i.e. is to be being hacked by someone and control the data by ownself so banks came in danger. So for as security reason concern its need to enhance the old version which is installed in the atm systems and also in banking operations version need to be upgraded. Lastly, I say digital payment is more secure enough for the Indian economy to go cashless if their versions of OS are upgraded and enhanced.