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

Digital payment is so useful. It is time saving and a big indirect step towards anti-corruption. There are many hackers who are trying to hack the account but it is the responsibility of banks to look out our money. We should not afraid of them. Safe online banking instructions to be given to everyone. I said it is a step towards anti-corruption because black money can't be hidden in digital banking. No one can hide their transactions from the government. They have to pay actual tax.

A step is necessary to change the world and this step is taken by our government.

Yes, there are many problems related to digital payment in India but we should not forget the benefits of this system.

Changes are painful but it is necessary to bring something new and digital payment are one of the example, we can see now people are adapting these changes and it will be successful in long run. Hope for the best.

We can't directly go into cashless state we need something that hold our wallet. So we are discussing here the facts right? we are talking about safe use and cyber security but I think people who use cashless idea are that much educated but what about the people who are not able to understand this system. People still do not trust online payments. We don't need to improvise in cyber security we need to improvise in explaining. People should be knowing that what is exactly Digital India means. What is digitalisation?

We can't just ask people to take the road they don't trust.

We need to make sure that people are understanding Digital India.

First step should be explaining people about Digital India. Through campaigns may be.

Yes, digital payment is very good and of course, it is necessary for a country to develop. But for country first to take look on literacy of peoples. First, give them training about all this. And then apply this in the system for smoothness of work. And also improve security services.

Well, digital payments still need improvisation. Recently we heard about warcary ransomeware attack across the globe. It affected thousands of business. But also it shows the level of internet security. It showed us we are still doing our internet transactions in a vulnerable platform giving nothing more than anarchy. Even our governmental departments are not going safe, who are the souvenir of trust for us. How can we trust of our own safety? We can't totally eradicate this problem but we can prevent it by following simple rules of digital safety. Like we can use credit cards wherever will be possible for transactions. Always change your passwords in regular interval of times. Do not share your information to any phone call representations claiming official enquiry. It is safe to go the nearest branch physically.

The first thing when we hear about digital payment or rather digital India is whether we are educated enough to handle this or not? India has still not reached 100% literacy in every city. Talking about cities we forget about villages which are still uneducated. So do wee need ti digitalised India when only half of its population know what exactly it is and what's not. Certainly, it is a great step and I am at its side but what about its disadvantages? Digital payment has its very advantages, the first and the foremost thing is it saves time. And the thing which saves time wins the race every time. The second most important thing about digital payment is its transparency! The Government will get to know all your transactions, which means a decrease in corruption.

But seeing the other side of the coin. Corruption still resides here and that is by cyber crime. We all know about cyber crime if our machines are advancing theirs also. That's what we need to think about. The second most disadvantage is about illiteracy. The Government should first give education to every people so that they come to know what exactly the digital payment is. The step taken has many advantages but we cannot ignore the disadvantages. But every coin has two sides. It's our duty to prevent cyber crime if we want to digitalise India. Surely its a great step taken. But before adopting it in every place people must be aware of it. That's where we are lagging.

As India is a developing country, digitalisation helps in growing India to become a more powerful economic country. But there is lot of problems associated with it, in one of them is security. Nowadays lot accounts have been hacked. It should be provided more security, so that people can able to put thrust and go for it. And the second one is illiteracy, In many rural areas people don't how to read and write. How they can go for it? So they should be provided proper information and awareness of it. The third one is, we can carry more money with us, In this point of view, it helps a lot.

In my opinion, digital payments are not enough to secure for the Indian economy to go cashless because we have not proper infrastructure for this initiative. In lndia, nowadays lots of hackers hack bank accounts and other important credentials because we have not a proper infrastructure to handle this type of fraudulent instantly. In India, lots of users are not much aware of the security features of digital payments. It's a big challenge in India to aware about the security features of digital payments.

The Digital India program is a flagship program of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. "Faceless, Paperless, Cashless" is one of professed role of Digital India. When we compare to conventional way to carry our cash, the mobile wallets which are being provided in different apps are handy and convenient. Many different discounts are being provided right from movie tickets to railways tickets. For quick and small payment I think digital payments are secure enough, under cashless India program government have provided many digital payment methods (USSD, AEPS, UPI, etc).

So far as rural India is concern village name "akodara" turns out to be India's first cashless village, where you don't need cash to buy a packet of salt or other groceries. A place where you don't need to stand in long lines to exchange your old currency notes at a bank, or queue outside an ATM to withdraw your own cash. Such examples make me feel that yes! we are all set to go for cashless.

Hello, Friends.

I personally believe that digital payments is more secure for the Indian economy because it is easy, safe and secure to handle the cash. In this modern era technology is advancing day by day so it is very efficient and convenient to the people to go cashless. We can move around anywhere without any fear. It will reduce the robbery in our India. This new technology will help to improve transaction, online payments, credit, debit easily.

If it comes to the village people or rural areas. Our India is now in literacy rate. So if government give some knowledge and benefits about the digital payments, this will help them to go cashless with high secure. It will also promote technology and education. And also control corruption.

Thank you.