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

Before advancing towards the digital payment we or govt must ensure that basic need of information for digitalization must be spread with proper agenda and ultimately to ensure that digital payment to be used by most people govt has to initiative towards the education and employment which plays the basic block for making India DIGITAL INDIA.

Well. Yes, India should go cashless. & the straight forward reason for this is. We need initiative. Problems & crime will be there. But with time & growth everything will become in practice (i. E CASHLESS TRANSITION).

Well, I have a reason for this too. i.e. when we or someone will face the necessity of going cashless. Then automatically those who still don't know what is cashless. Will know. In fact they have to know. & I think there is nothing bad to be rude if there is a good motive behind the cause.

No government can teach anyone. It's is the people only who need to run with the time. What goverment can do is? They can provide a platform for the development & the platform is CASHLESS GO. & WELCOME ONLINE.

Hello, everyone.

As far as, our country is concerned, India is still developing. So digital payments will obviously add up to the development of India. But this depends on the citizens of India. Eventhough we are the second most populated country in the world most of the population are illiterate, living in the rural areas. They don't have the enough knowledge of how to make a transaction via smart phone or internet. Then what is the point in making digital transactions. When security is concerned, the security is very poor. Until people get convinced that their details or money or etc are secured they will not willing for digital payments. Terrorist attack happens and these people stalks the personal details of common people. So the govt need to work on the security as well as making indians literate before taking such a step.

I am in favour of Indian economy going caseless. As there is always two sides of a coin, similarly for digital payments also. If we consider its benefits, digital payments have made our life so easy. Inspite of being at home we can do a number of things like paying our electricity bill, telephone bill, d2h bill etc. With the help of the paytm everything is so easy, you can pay anywhere at any time. I know most of the people of our country are illiterate but these things are really not that difficult and are secured enough just like paytm.

Because India is digital economy so now digital payment is easy so it is cashless.

No, because sometimes due to server down problem which we all have faced sometimes, So sometimes our money get sometimes blocked and it's a very big problem.

But if govt wants so they secure digital payments for the Indian economy to go cashless.

Just like a coin, this also has two sides. As per growing Indian economy and IT technology, it's good to see digitalization. Everything is digital so which make reduce frodness. Saves papers is important. But other side peoples are leaving in the village, uneducated people get affected due to this. It will take a time to get trained.

Today India is not that much technologically advance to make the digital payments secure.

Even people are still connected to the old banking system and they don't know anything about the online transactions.

Even after a big smartphone revolution in India people don't believe on the new era online payments. They have a misbelief that their money is not secure during these transactions.

People who used this system were brutally cheated many times. So, people feel that the money will be not secure and it can be taken by the hackers.

Talking about the cyber security of India. It is not good.

So, as per my views first, the cyber security of India should be strengthened then the further steps of inculcating the cashless economy should be done.

The smartphone users are taught to use this system for their transactions.

Thank you.

India is a fast growing economy. Digitalising the economy would be a very crucial step. But as per India's present scenario is concerned, digital payments are not secure enough. The softwares of a major section of our banking system have not been updated till now, which is quite important when security issues are concerned. It still works on the old Windows XP. Moreover, we have recently seen many incidents of data breaching. Hence, we need to strengthen our digital security systems before going cashless.

I think, before making India digital. The govt should think about how can people who live in village or remote area adopt this type of new idea. Because most of them are illiterate, most of them don't even know how to fill up a form. So how could they learn about the process of cash withdrawal, cash deposit, balance check, transferring money from one a/c to another a/c.

So, I think, the govt should creat a new and easiest process by which they can learn about basic abcd of banking, the importance of banking, the advantage of adopting such cashless process.

If they learn these, I thnk in future they can very easily access this method.

Thnk you.