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

I absolutely support digitalisation and after myself using digital payments I think it is a much more easier and comfortable method. But before coming to security point of view I would take up one issue which can be a serious hindrance in its spreading, access to internet. Most of these payments require internet and a device to access it Which is not present with most of the Indian population right now so I think going cashless is absolutely not happening in near future.

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.

Making cashless payment is a good think for a country economic development. But at a same time our government has to consider the difficulty facing by the uneducated people. They did not know the base for cashless transaction. So our government has to take some steps to teach about the usage of swippinh machines how to open account ina bank etc. Then only we reach our goal corruption free India. The main thing we give importance to cyber security for example 1. We should no share our password.
2. Regularly change the password.
3. Without bill should not buy any thing.

In India mostly many of them are in educated first we have to give importance to this problem. If every one is educated our country will develop automatically. Without making the base of the building if we create the wall there is no use.

Hii.

In my point of view going cashless is good for Indian civilization as we all know India is the country which is developing very fast in every aspect. Then why not in transaction too. We must support cashless transaction because it will help us lot.

The Advantage of cashless.

1. It is highly secured undoubtedly.
2. It is transparent to the government which will reduce corruption.

But in some ways, it needs to improve that everyone should know how to transact properly and safely.

In every location, it must be implemented because in some location it is easy to go cashless like in metro cities but in rural areas, it should implement from the grass root level.

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.

As India is a developing country, digitalisation helps in growing India to become a more powerful economic country. But there is a 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 trust and go for it. And the second one is illiteracy, In many rural areas, people don't how to read and write. How can they 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.

I think going digital is one the best step taken by our Government. Everything has it's the first day, so do digital payment. Now is the time people started to now about going cashless. It will take time for adaptability. And, now coming to security, it is secure as it is using 128-bit encryption and about the vulnerability to hacking, various organisations are working hard to make it more secure.

I think I would not go with the favour of India going cashless as in my point of view, India should be first been taught about it without knowing the fact never a person can use it worth wise so it's better before going cashless India definitely should know about its benefit and how to use it worthily.

In my opinion, as the usage of technology is increasing day by day, digitalisation is the best option. One cannot have the entire cash in hand, and online payments play a major role here. Moreover, it does not encourage black money. The Only problem lies in the fact that more security must be provided by the govt to prevent access to unauthorized users and hackers.

In my point of view, digital payments are secured enough because it has 128 encryption key which makes it more secure and difficult for hackers to hack the password. But in India where the literacy rate is low as compared to literate people, it is not done by most of them, but on the other hand, literate people using this digital payment so it will give mixed results in India.

Thank you.