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

Hello everyone,

I feel before implementing new rules to the already messed up present scenario, efforts should be made in first improving the current situation of awareness of Indians regarding technology. In India, people aren't much aware of the kind of impact technology is going to make in future. Indian government needs to first put efforts in the right direction by training the people with the right resources to make an impact across the globe. India is being one of the fastest growing economies, needs to realise the kind of opportunity cashless economy is going to create.

In my opinion, digital payments are not secure enough for the Indian economy to go cashless as govt need to make more awareness among people to know a lot regarding the cashless payments. Govt should first educate people to for using cashless means of transactions, there is need to make digital payment more affordable, safer and accessible for society from every class. Only after this digital payment will be secure enough for the Indian economy to go cashless.

It is evenly true that India is a growing country and it is also true that a growing country is not well equipped. So if we want to take advantages of cashless payment and other online transactions then we must grow our country to that point where it can fight with all wanted/unwanted online crimes. Besides that, all most 50-55% Indian lives in rural areas where they are unaware of online crimes and they are also not well educated, so before we go cashless transactions we should remind us that how to aware people about this.

Above all of this, I can say that it is a good step towards the future.

From my point of view, digital payment and banking is secure and Indian economy go cashless but Indian government have to increase security and make them easy because India is a very big country so it is very difficult for handling this amount of data and save all data from hackers so they have to make sure that the level of the security of data was being higher and his process was being easier for everyone.

In my point of view, digitalized payment has not been enough to Indian economy to become cashless, this is a primary level and govt want to implement more for the cashless economy. Based on digital payment everyone properly pays tax to the government because of transparent payment and then it will secure more than we can go with cash.

But the disadvantage is rural people are affected because they are illiterate people don't know about modern technology. The Government want to take some responsibility for them.

Yes, digital payments are secure. It is only need to be used very carefully. In rural area of India or most of the people afraid to use such type of payment mode. So government Need to aware themselves to this digitalisation.

It is a human tendency that they only take the negative points regarding anything so the maximum no. Of successful transaction from digital payments should be shown to people because as per increase of positivity, security & reliability will increase the use of digital payments.

Yes, ofcourse. Digital payment is most requirable & useful method to go cashless, to remove corruption. But with this we also to need educate peoples of village then only it will work from bottom to top peoples. My strong opinion is that we need to educate peoples first then this idea will work & its our duty to (educated peoples) educate peoples. Thanks.

If I would say "Yes" so there will be no exaggeration. Because there are lot's of benefit to get the economy cashless as per below.

1. People will start to use the plastic money which is safer than cash.
2. All the money keep safe in Banks for which we can get the interest.
3. If the money will be kept in the banks then black money will stop to spreading only in few hands.
4. The Government will have enough money to use in the country through which, enough development will happen in India.

So these are the benefits of cashless economy.

According to my point of view, this is very long journey to make India digital. India is agriculture country more people lives in village. They do not have knowledge about online tranjaction. That why I think it not possible to go cashless payment. They are not read English very well. But this scheme is use for clity who have work in company because they have no time to bank and do tranjaction so they do casless. It will also helpful for safe money. They provide us e. Locker.

But when this scheme will full fill if all shop keepers uses swap machine In a shop. They do digital payment.

According to my point of view, it is safe but thwew is always some buga in evwey system hackwes tried to retrieve your account details and want to get peofit for them ao of we take se precautions when soong payment itis safe bank encrypted our darmta and aecure with ssl encryption and also sems high security otp dor transaction of money so it is secured.