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

According to me, digital payment is secure and it is very useful for the economy but it can not helpful all Indian because 90% people don't know card payment and how to use internet banking in India. Some people think that their account will be hacked by other people and withdraw their money. Before going to digital payment teach those people how to use card payment how to transact through net banking safe and securely and change people thought the process by teaching them how to use digital payment then India can cashless.

Thank you.

I think our government should take a further big step towards cashless economy but before doing this our cashless system needs to be Anti-theft and hackproof. Government being proactive should make the system more secure and well-planned structure.

According to me, this initiative which is taken by our PM is very much revolutionary because it provides us with simple and easy method of the transaction and it will provide a transparency related to tax. Suppose you have to do any transaction of the large amount you can easily do it without any fear from carrying the money to the destination And in this way the transaction for black money will also be minimized.

Thanks.

It is a good thing. Encouraging digital transaction we are reducing the black money. IT is not able to stop the corruption and we have to reduce it. Educated people more benefit to the digital transaction. Village people they do not know how to use digital transaction and how to use the internet.

Every transaction is online it will not better because some of the members are hacking the account numbers.

From my point of view, Cashless Transactions very much important for Today's India to Control Corruption. But other side Security of online transaction should be most strong and be frequent. Today's security is not enough because no online transaction company giving any confidence or Refund policy on the transaction in case the money stolen or etc. So in this case of the digital payment transaction. And increase the security of online payment.

When everything goes digital there is a lesser chance of robbery, yes. But soon robbers adopt to the change! We'll soon have hackers. In near future cybercrime may be the biggest problem to handle. Before which country should be well equipped with cyber police and many white hackers should be employed.

Hi,

In developing countries like India it may be a mile Stone to go cashless. But nothing is impossible.

Every era has own mode of exchange. From the barter system to modern era.

In initiation stage digital payment system can be stop as earlier discuss such as black money, bribery, thefting, an so on.

Through DPS can trackable and vigilence on every transaction that who is the sender and who is the receiver.

This action will reign who illigaly circulate the money.

But security measures must keep very secure. It can be attacted by hijekers, and confidential data may be leak.

In conclude in every aspect there must a change have great revolutionary result appear.

Digital payment is one of the most important features for corruption free India. And for digitalisation one of the most important requirement is smartphones which urban people can afford but for rural people, it's not so economical. According to me, it's important to use the digital payment to be used in urban areas but in rural areas, there's still some time. These days the security of digital payments is quite high but if someone doesn't know how to use it. It's difficult for them and they may lose money while using it. So, it's secure to use digital payment and also is necessary for the growth of any country.

Yes, I agree about digitalization payment but we know that every thing has two sides bad and good. Bad thing is that we India don't know about cash less system, operating smart phone transaction, and using atm. Because of that we feared about operate online money transaction. We think that if I do something wrong. Whatever life is a full risk without risk we can't ahead but the good side is that we know about online transaction there are many benefits like that time save, no documentary harassment, easily access any kind of digital payments.

Otherwise, the government will be easily tracking all accounts holder's it's will be very healthful preventive of corruption.

So government should be taken legal action that each and every family minimum one person should learn digital payment and make a too much secure online transaction.

No, Since there are many hackers now a days even big big American companies are also not secured. Secondly People of India are not very much aware of technology and It is very difficult to teach them cashless payment specially to the people who are above 50. At max you can make them mug the steps to pay online and In case of slightly modified dialogue box they will loose their confidence.