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

Hello friends,

In my opinion, Yes digital payments secure enough for the Indian economy to go cashless and it's a great decision of our government. Trough this step corruption can stop if it will go long. Day by day corruption is increasing, in this time some few person who is paying tax. Also, we can say that corruption is spread everywhere in India and I think it's the best step to remove corruption. Also, I agree that some problem will create but that problem can face. This is India there is no any problem that can't face because we are Indian we have "jugad". So we should adopt this step It's good for us and our country also. That's all.

Thank you very much.

India is a developing country. It's growth is study and stable.

So my point of view digital marketing is the best way to use cashless transaction.

In this way in Indian corruption rate is down and black money converted to white money.

Sometimes digital marketing is the best for educated people but same opposite reaction to very difficult for uneducated people. Because digital marketing is used high IT Technic. So it's very difficult to understanding this Technic.

Hello everyone,

As we all know that India is a developing country, and PM Modi's initiative to switch to cashless payment is recommendable. Indian Government has also introduced an application named BHIM for making online transaction process easy. Even if we notice Paytm is also playing a very good role in digitalization. Digital payments are not only secure, safe, easy to use. But will also help Government to trace the black money in the country. The main problem comes in when we focus on rural areas. As more than 60% India is rural, and not much among them are aware of the digital process so it'll be difficult for them to adapt this change. But if Bank provides better services and take some initiative to make them understand benefits and importance of online transaction, they'll try to adapt the change, they'll show interest in learning it and will definitely bring change.

No big change happens overnight. It takes some time and if being youngsters we support this initiative and put a step forward towards it. It'll prove as the biggest achievement of the India. Sikhega India tabhi to Badlega India!

Thank You.

No doubt, that India is quite new for a Digital platform, but as you can see, that 100% efforts are being made both by government as well as private wallet/cashless service-providers.

If you might have used and eventually noticed that Paytm/BHIM apps which are often being used by people nowadays, so there are regular updates now and then from all such digital-wallet providers to enhance their services and make them as much user-friendly as they could.

I downloaded the BHIM app on the day of its launching, but didn't have a very nice experience as I faced some issues while signing-up, so I uninstalled it. Later 5 days back, I again tried to access it by downloading it again, and things were too smoothly done.

Paytm has updates almost daily or at least every alternate day I suppose. I mean each time they are easing the way how things are done and bringing up new features.

The UPI apps launched by almost all the banks are also being updated accordingly and are working in a robust manner.

Moreover, as far as security is concerned on the digital platform, it is quite safe as of now. Unfortunately, even if there is some kind of breach in the future, then also we should not blame the govt or the move of demonetization for such an act because even banks (when cash transactions were only done) were threatened with dacoity at many instances.

Also as we all know that somewhere at the back-end, our banking system had already transformed and evolved to being digital from a very long period. But at present its new just because the front end (i. E, we as customers) are also migrating to the digital platform.

In my point of view, After longtime our Government took good Secession for recovery black money and recover corruption. Digital Payment System is the best way of making our country Digital INDIA. And it is also possible to overcome the corruption. Trough Digital payment system tracking the transaction between sender to receiver. The biggest think is, no other person (terrorist or other country people) can't make fake note and not sending to our country also.

Hello Everyone,

As India is a developing country and our economy is growable day to day,

So as to implement digital payments we often equal to top economy countries.

And as point of me, in India there is urban and rural people. This digital payments held with high it technics. Rural people they don't know much about this technics as they are illiterates so this would be some difficult.

Hello everyone.

It is good step to make India developed. Digital payment is more secure than cash. It is the easy way to transaction. Most think is that we are living in the 21st century and 70% population of India know about the technology. Rural areas people will also learn this technology as time passes. It takes time but surely its very helpful step for us.

Hello friends. My name is Dharmendra Kumar. The topic is very interesting.

In my opinion,

It is very good step to remove corruption but it can be insecure if someone hakes your account. That's why it should be thought by government that how can an account can be safe if someone hakes the account.

In my point of view. Only digital payments are not secure enough for Indian economy to go cashless. Because where 50% citizens are uneducated, approximately 50% citizens has no idea about internet. Forgot about citizens. Even if in a payment once money deducts from our account & same money doesn't deposited in seller account. It shows transaction failed. It's take at least 40 days to return same money to our account. Then how can we tell digital payment is secure enough. 1st India's banking system has to be developed.

No, I don't think that digital payment is secure enough. Because we all know that India is a developing nation not fully developed yet. Also, a huge population of India is living in rural areas there were no electricity so if there is no electricity there will be no internet connection so they can't transact money. Now coming to literacy rate in India, it is also well known that most of the villagers are illiterate they use cell phone for conversation only they even don't know the whole function of a smartphone so they can't. Now as we all know that for a digital payment we need high-speed internet and an average speed of internet in India is only 3 Gbps.