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

Yes, the digitial payments are secure take an example of online trade services like Amazon, Flipkart a lot of people buy clothes, books etc. What ever they require and available with merchant they can buy it from there home without going anywhere. And there is an also availability of refund.

Digital payments are not in reach of every single person, because internet is not yet available or accessible every next door. And if you are using public network or public systems for the sake of operating internet and further making use of it too do digital payments is not at all a safe option.

In my view, it is best to go on cashless and digital payments because that our country is developing very fast so, we include it as part of our developing of India and we who knows about cashless and digital payments want to the make people about that who are not known about cashless and digital payments must make use of them by saying them on this.

In my opinion, Digitalisation is for both literate and illiterate. And it ll help India become an economic strong nation. But the only difference is it is easier to explain it to literate people and somewhat difficult to explain to illiterate people. So it is a secure way for the Indian economy to go cashless. And it ll help stop corruption and black money. But useful only when one has full knowledge of it. Because if someone got to know your OTP or password they can empty your balance within a sec. Also sometimes double payments are done. Although it is refunded. Bt the amount gets deducted from our account. So digital payments are helpful But firstly government and we ourself should take the initiative to explain our parent's elders. The methods of using it. So they can get aware of it.

Thank you.

I think that digital payment is the best step taken my government as it helps in removing black money. Day by day govt is taking steps in improving security so that digital payment is more secure and people can easy do it. As the technology is developing day by day we have cope with it people should learn about it in this technology world. We have to became have to became aware of it and knowledge of it. After sometime this this effect create major impact and help to improve economy.

As an emerging country like India needs such changes like digital payment process, however, all the sort of transaction has its own risk as digital payment as well, but when we handling physical transaction that would be taken an action for security just because we are familiar with that as it case when everything will be difficult before it becomes easy as for this am not saying that it is risk free but the action should be taken before the process implementing by the government but one thing we can recognize that when the transaction comes to digital the taxes are been paid properly so most of the corruption would be controlled by government and also that really worth for Indian economy.

Hello folks,

India is leading towards development. One of the most important factor which can help us to move forward is digitalization. Cashless India is one of the resource through which we can achieve this goal. There are various reasons why we should make use of digital payment. One cannot have all the money in hand.

Many people are uneducated but we should not sit idle because we don't know how to payment. Such people should be taught how to do this. Then only there will come time when uneducated ratio will have down. People will get used to these things. Then the campaign which PM has taken will get successful. That will be the first step to the development.

As India is growing country digitalization is our requirement. But in I can say 95% online app are not secure any time they will be a hack. So, its need to provide more security so that people can trust on digital payment method. In the village, they don't any about digital payment so its government and our responsibility to aware the people and so they can use this payment method.

India is the third largest economy in the world. Indian economy is growing rapidly and digitization has important role in it. The use of cashless economy is increasing day by day. It is making the lives of common man easy. But their lies a major problem related to the security of these online payments. Digital payments are normally seems to be fine but there always is the presence of loop holes in the security system. So government should improve the security system.

Hi Friends, According to me the digital transaction is one of the best and secure way to exchange or transfer the money because it's avoiding the human cheating. One of the best examples is students scholarship and former money which is passed by the government.

1) The Earlier government was transfer students scholarship amount /former money into the third party or their organisation accounts, after that students /Former required to give some part of their amount to that 3rd person to clear that scholarship amount or money, as it was illegal. But due to digitization now a day student/Former can get total amount in their own accounts. It is just an example.

I know it's some difficult for the uneducated people to operate digital transaction but if we see day by day including the uneducated people like former also using smart phones, WhatsApp, Facebook and YouTube etc. So I don't think so its difficult to learn digital transaction as its similar as ATM withdrawal machine.

Thank you friends.