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

My opinion, digital payment is the best system for transaction of money.

Such as;

1) less time consuming method
2) easy to learn payment system and for unletaral persons may be learn by arranged some classes by gov. Like mobile learning
3) safe and secure system because they are conected with ur personal mobile and otp also come have you and also connect with bank system.
4) lack of crowding in back branch.
5) speed process for just a second.only
6) lack of roubry and theif in traveling.
7) reduces the over envestment and false money because limiting providing money in per month.
8) country economic development is easy.
9) corruption is reduced in an election which providing leaders.

Thanks.

According to my view, the digital payment will improve the quality of government work as we know that today corruption is big issue it can be controlled by digitalization and can get complete benefits to govt. And other fields.

And will boost the economy level and real tax ratio.

Firstly, no economy can go cashless. Rather it can be said that the economy can aim for less cash economy.

Coming to the topic, in today's scenario digital payment have become very prominent part of every economy growth. And having such a great IT secured network, we can trust on the banking system for going digital.

There is always some risk with a thing you hold.

Same is with money, rather it is in digital form or physical form. So digital payment can be trusted.

In my opinion, yes because to make country under development to developed this steps are necessary. DIGITAL PAYMENTS are the demand of our speedy generation. Yes, it is fast, convenient, secure method, use anytime, anywhere.

Some security standards must be improved and strict laws to be made for this, to make people trust on this.

Govt. Has to advertise and aware peoples who are illiterate, Of the 121 crore Indians, 83.3 crores live in rural areas while 37. 7 crore stay in urban areas, said the Census of India's 2011 Provisional Population, in the d*y when rurals are aware of digital things, our India becomes " Digital India ".

Hello.

I am Shravan.

According to me, digital payments online are secure in Indian economy. Became, technology not expanded allover India. Only metropolitan cities are have knowledge how to use the technology. I non metropolitan cities they don't have enough knowledge in digital payments. In just now Indian people are learning about the digital payments. People have to get more awareness how to use the digital payments. But digital payments are necessary for our country for the transaction to another country. People who are having enough knowledge of digital payments it's very secure and useful to.

Hello Friends!

According to my opinion, this is the most amazing idea also one of the greatest methods to develop our country.

Although, 1/4th of the people in our country is uneducated and unaware of using digital payment. But we can make an app which is having animated symbols or characters that guide them to go for digital payment.

Initially, it should be an optional method like now but after some days it should be a compulsory method.

Thank you.

I think use of digital money is very good instead of using currency, as it helps government to have eye on big transactions and scams.

But there is a rare chances of hacking also so govt. Should develop a better cyber security as well as strict laws and regulations on hacking activities.

Hello, friends.

According to my point of view, MP Modi has taken a great step towards development of India these will help to recover black money.

Yes, digital payments very useful to overcome corruption rate and thefts and moreover people can easily do transactions within short time no transportation cost. To become cashless country it takes more time because of more illiterate people in India who even doesn't know how to deal with mobile phone and updated technology government should take initiative or do campaign about digital payments process government should give awareness how to make payments these will be a great step towards for the development of India and cashless country.

As many people said hacking will be a threat to digital payments my suggestion is to overcome hacking and robbery individual mindset should be changed unless a person with negative attitude development of country is not possible. Every person should have positive behaviour towards the development of nation.

According to me, digital payments are secure for the Indian economy to go cashless because it saves our time we don't have to stand in a long queue in banks, no wastage of papers. Sometimes what happen because of sweat, rain etc the paper money is tearing so digital payments is more beneficial. Going cashless reduces the fear of theft, increases more security. The Government should have to aware people more and more so that they know about the digital payments through campaign and workshops. If half of the population use digital payments then after some time almost population aware about digital payments and they use it and our India becomes from developing nation to developed country.

Digital payments are need of today's world. But in India digital payments systems are not much secure as there are some 3rd party Digital Payment Systems which are totally fraud. Also in India Digital Payment System is not fast as I personally face time delay in failed transaction. If a transaction is failed the it took months to get refund. Moreover some people of India are not much aware to Digital Payments as some poor people cannot afford to buy smart phones to enter into Digital Payment Zone properly. So I think if we want to have Cashless economy then we have to make our Digital Payment System more fast, secure and accurate and start some programs which would make people aware about this system.