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

Yes, digital payments are secure enough for the Indian economy we need to agree too that it is not totally secure but as far as it is concern with cash or cashless then the cashless is pretty cool option. With the help of this corruption will decrease, bribe ratio will also decrease and it saves the human effort as well as time. But it is helpful in urban area only when we talk about rural area only 30% (approx) of population know how to make online transaction, so the govt have to arrange some awareness camp some experts have to teach the rural population about the benefits of go cashless scheme and as a result illiteracy rate will also decrease.

Yes, I do really think that going cashless will benefit our country like India. As we our population is more inclined towards youth progress and development and almost 90% of them know how to make online transactions by doing cashless payments.

1. It will help enhancing our GDP and Economy at the market place.
2. Fear for theft or stealing money, corruption ofcourse will be reduced.

But, as 1 coin has two faces there are some drawbacks too.

1. Hacking and Cyber Crimes would be increased and sometimes it becomes difficult to track the hackers or the individual who is involved in this process.
2. Lack of knowledge in remote areas of using this cashless transaction.

According to me, Going cashless is a step towards Transparency with a reduction in a probability of robbery etc. But as a developing nation there are many issues in its implementation like security, illiteracy etc, so for smooth execution of going cashless government has to the aware public more about benefits of going cashless and at the same time, it is to be ensured that data and money of user or industry remain in safe hand.

From my point of view, digital payments secure enough for the Indian economy to go cashless. The cashless system will reduce corruption, save trees, very major factor time as now-times everybody is busy in their work and people don't to go to banks and stand n queue to get our work completed.

Where as matter of security of digital payments, we have strong system as you can see when entire globe was affected by WannaCry Randsome, Indian banking is among one of the least affected. Only few small banks of South India were affected there also not very big lose is reported. So we can say Digital payments in India is secure enough to go cashless.

Apart from online payment we can go to Augmented Intelligence in India which can lead India to a higher level of Financial growth.

According to my perspective, digitalization in India is very important as it will reduce the risk of robbery, corruption and fake currency. As a result, it will improve our economy. We know that, in today Era 33% (app) youth population are present and they all know that how to use these digital methods to make payment online. So it's a good idea which is started by our government to make caseless.

But the drawback is its unawareness among people. Most of the people in rural areas don't know about digital payment due to illiteracy.

So, it is necessary to increase the literacy rate first and spread awareness about the cashless transaction.

Well, whenever any revolutionary sort of things happen, it does come with some shortcomings, some hurdles and way is never easy. For a country as big and as diverse as India, implementation of Digitization will not be easy. But that fear should not deter us from doing something that must be done. Govt should start putting schemes, technologies, organisations, advisories, upgradations, in places. Slowly and steadily when the troubles are encountered, things can be dealt at that instant and deterrence capability should be brought into the system. The World over people are facing problem due to cyber threats and malware attack, cyber thefts, attacks, but that should be taken as a challenge to make it more robust, more safe and secure, more customer friendly and more compatible. I think as of now, if we take proper security measures like not sharing our pins, passwords, our OTPs, it is far away from getting compromised. Yes, there may be instances where despite observing all sorts of securities, we become a victim. Govt and private companies, developers should take it seriously and ensure to make the cashless economy effort a success.

To me.

Digital payments are one of the best ways of transparency of every transaction of every business. We are in an era of a rush, everyone is busy in one's duty i.e time factor taken into consideration, digital payments will definitely save ones time from staining or waiting in atm ques, bank.

The More important thing we get from digital payments that we have Cary a card or a mobile with internet banking which can you find in any one's pocket.

Now, you haven't carry huse amount of mony for your work which was a very terrible thing. There always be fear of thefty. As India is a young country 33 % (apxx) youth are here 99 per of them have a good knowledge about the internet I mean they know how to handle it.

But what about the un educated people of villages they have to teach about it. They should be answered about digital payments.

Definitely corruption level decreases, croud decreases, time saved hence it will be utilized in other work for the growth of one's it self and along with the counrty both. It is slow but best step by the government.

According to me,

Going cashless is a very good step taken by our Indian government to secure our currency from theft corruption and fake money and also every time we need not have to bank for emergency need also it saves our precious time in a busy schedule.

But the issue is that everyone in our country is not much educated, so there is a lack of awareness about it, and also the cyber crime is the very big issue which must be taken into account.

It has its own pros and cons.

But we should support this for improving our country's economy and GDP.

In India, it is secure to transfer money in a digital way. Of course, it is secure. As India has so many talented hackers and software engineers. Till now no such issues regarding this digital money transfer happened in India. It will save time. We won't have to wait in the banks for a long time. But may be there is a disadvantage that people may stop going banks and all if everything will be done at their hand.

Yes, I think its good but to attach Unicode like Adhar no. It's not perfect because in the world there is a lot of hackers if any other hand drop Adhar no. Then they will access our data.