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

Yes, the digital payments are secure enough to make Indian economy cashless. Why because of already many e-commerce sites using digital payments through online for example in Paytm largely makes digital payments. At the time of demonization e commerce sites played an important role.

Yes, I think so because India is a country of educated youth and for the development of any country they plays a big role. So if digital payment gets easily spread over the nation and boost up the economy.

Also, there is some risk of hackers too but it should be concerned too.

In my point of view, digital payments are secured enough because it has 128 encryption key which makes it more secure and difficult for hackers to hack the password. But in India where the literacy rate is low as compared to literate people, it is not done by most of them, but on the other hand, literate people using this digital payment so it will give mixed results in India.

Thank you.

In my view, it is best to go on cashless and digital payments because that our country is developing very fast so, we include it as part of our developing of India and we who knows about cashless and digital payments want to the make people about that who are not known about cashless and digital payments must make use of them by saying them on this.

Hi everyone,

Pleasent to meet you all,

I'm not opposing this but what my point is, before this first govt should give the education and to the poor people and raise the living standard. Without enriching the knowledge of people the digitalization won't give the great impact.

In My point of view, India is going to cashless is very good things. It means a very good decision is taking by our government It is beneficial for us. It also save the paper nd time. But some times have disadvantages for cashless payment that all people are not well educated. So that time some problems will occures. They don't know how to use card. But it is easy to learn. So that we help to teach how online payment is handle.

Hello, everyone! in today's scenario, digital payments are like a necessary evil. It must be implemented to get rid of the root of corruption as digitally everything is counted and can be tracked. There will be no illegal transaction as everyone will be accounted for.

But the other side of this story is grim. Have you ever thought that details of credit cards which you are adding to the mobile app are safe or not? It's not at all safe. I feel instead of copying western culture similar to that of bitcoins we should enhance our security model and then implement it with a full fledged plan. As things did half heartedly with faded plan are bound to fail sooner or later.

Yes, it is because corruption reduces. It saves the time most important people become more knowledgable about current senarios.

Hi friends,

From the above discussions, the following were the major disadvantages of offline payment:.

1. Corruption, which is the suffering of a common man. If you want to have your work done, you have to give extra expenses to corrupt officers.
2. Robbery.

Following were the major disadvantages of cashless payment:.
1. Rural Illiteracy.
2. Hacking.

According to my point of view, the issues of Rural Illiteracy, hacking and robbery can be solved up to some extent. Yes, steps of rural education for cashless payments can be initiated by the government. Measures for keeping the online money out of reach of hackers and robbers can be taken. But in the offline money, the extra bribe which we pay is divided into several parts and every concerned officer up to the extent of politician has a share in it. So it can't be undone so easily.

So, according to me, we must adopt for cashless payments. Measures for rural digital education and hacker security must be started. It will eventually lead to a corruption free India.

Hello friends:.

First of all, there are many benefits to go towards cashless. It is so easy to transfer money from one account to another. Also, there are no chances of robbery as we do not need to carry any cash. Also, we do not need to carry out ATM card and do not need to queue up for ATM withdrawal.

Again we get various discounts coupons in cashless purchasing. Also, there is no worry about to maintain the bank note from water and wear and tear.

Lastly, there is a huge saving of resources like papers and metals. But completely cashless is not possible at this stage. As in the rural area, many people do not have any cell phone at all. Also, they are not so much educated for the cashless transaction.

So, in my opinion, completely digital payment is not secure all over the India. But in city area it's secure.