Are digital payments secure enough for the Indian economy to go cashless?
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2111 comments Page 142 of 212.
VVK said:
8 years ago
Yes, I agree that Online transaction is good for Indian economy. As India is a developing country it is good to take such initiatives. It saves a lot of time. But we should not forget our villagers and backward people who don't know about online transactions. And cyber security is also not up to mark. So better security for online transactions and awareness among whole country would give this idea more success.
(18)
Sagarika Das said:
8 years ago
Digitalisation is good for our country. But what about the illiterate people? How will they know about digital payments and about its security? Only the techies and those are using smartphones they know the online transactions. There is a big question that "do they know what they are using that are not capable enough to secure from hackers perspective?" So digitalisation payments are good but have to be secure.
(5)
Anil said:
9 years ago
Here the main advantage by cashless payments is easy and simple to pay bills, by this we can save time and transportation charges. And the main disadvantage is in India most of the people are from rural areas and illiterature they don't know how to use the digital transactions.
Whatever this is the great initiated by the NDA government for the development of Indian economy and development of the Indian county.
Whatever this is the great initiated by the NDA government for the development of Indian economy and development of the Indian county.
(6)
Md Mamnun Jamil said:
7 years ago
Yes, I agree that the digital payment mood will help India to be a developed country. But there is a chance of hacking to steal someone money. Nowadays we see that some payment transaction app was hacked anonymously. The effect of this hacking falls on the common people who did the transaction on that application.
So, I think to be a cashless country, we should see the security of that respective application.
So, I think to be a cashless country, we should see the security of that respective application.
(9)
Rahul said:
7 years ago
I think.
Digital payment is secure because many countries are using digital payment by country economy will increase.
To make Indians cashless firstly we have to educate them about what is digital payment and also briefly explain about it advantages by using it frauds will stop and there money will be safe and they can use it any time they want.
So, we have to make Indians cashless and use digital payments.
Digital payment is secure because many countries are using digital payment by country economy will increase.
To make Indians cashless firstly we have to educate them about what is digital payment and also briefly explain about it advantages by using it frauds will stop and there money will be safe and they can use it any time they want.
So, we have to make Indians cashless and use digital payments.
(8)
Ashish said:
7 years ago
Yes, I think it's fully secured and have certain benefits too :
1. Adapting these technology will surely make our nation increase our strength in global market.
2. People will surely adapt these kind of changes which leads to modernization of our country.
3. Reduce the risk of carrying a large amount of money.
4. Reduce any kind of risk in ATM crime.
5. Definitely people will rely on this technology soon.
1. Adapting these technology will surely make our nation increase our strength in global market.
2. People will surely adapt these kind of changes which leads to modernization of our country.
3. Reduce the risk of carrying a large amount of money.
4. Reduce any kind of risk in ATM crime.
5. Definitely people will rely on this technology soon.
(4)
Itisha Gupta said:
8 years ago
Digitisation is good in every way possible. As it helps us to save our valuable time and also everything is very transparent and clearly accessible by the customer under digitisation. But yes there is a need to expand this to rural areas where people are still facing a lot of problems. Also, the government should think to devise some cheap means to do online payments so that it can be affordable for everyone.
(9)
Jayishnu Roy said:
7 years ago
Although one might say that, 'we Indians have got a digital literacy rate of around 75%, the rest of the 25 don't even know to type on a digital platform. But over past few years with the advent of Government's latest projects to boost digitization, the common man is getting wiser and wiser towards the crimes against the cashless economy. With rising wisdom, we are getting towards secure digital transactions.
(6)
Bunty said:
8 years ago
A few pointers missing above in support of cashless economy are;
1) Cost of printing the currency (Raw material, machines, human resources)
2) Transportation of the currency (logistic cost)
3) Downtime of the ATM for uploading currency (Cant ignore human efforts in this)
4) Installing ATM's and their maintenance cost (Capital cost and variable cost)
5) Limited currency types in ATM's (Issue with the change)
1) Cost of printing the currency (Raw material, machines, human resources)
2) Transportation of the currency (logistic cost)
3) Downtime of the ATM for uploading currency (Cant ignore human efforts in this)
4) Installing ATM's and their maintenance cost (Capital cost and variable cost)
5) Limited currency types in ATM's (Issue with the change)
(50)
Rekha said:
8 years ago
According to my view, digital payment is important and it develops India, but most of them didn't have awareness of digital payment. First government should educate people before implement this digital payment. Because many people lost their money because of cybers, so they avoid wallets, and mobile banking like this app. When you educate people, then India will change like cashless and with digital payment.
(15)
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