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

Well,

As per my opinion, digital payment is not fully secured for our economy as there are many hackers who are doing there job and will do they their job one way or the other, no doubt digital payments are helping each individual who is not having cash on hand at a point of time with the use of this we are able to pay. But the matter of fact is security which as per I concerned is not secure for our economy.

Thanks.

According to me, digital payments are still not secure enough for the Indian economy to go cashless as there is no disaster management until this date. Recently, there was a case where the third party hacked into Bank's account- 32lakhs bank cards got hacked. If there occurs any disaster, whole data will get wiped off and no one will take full responsibility for such an event. Also, Since 1/2of the India's population is illiterate so it's very difficult to eradicate such a traditional practice of exchanging goods and money.

Digital payments show that development of our country but this system activated a few decades ago in other countries like US, UK Etc.

This system leads to a reduction of employment in the banking sector. Only cities are getting benefit from this cashless money but village people are aware of this system because of lack of atm, mobiles, swiping m/C in stores.

As everything has merits and demerits.

The merit of this is a convenience to the user, saves time but on other hands it is not secure as by only going cashless suddenly only make people worry it's a process which is not secure if precautions not taken because hackers can misuse our data and if anything happens govt is not going to take responsibility that's the demerit of this. Thank you.

No, because most of the population are still live in rural area nd no of illritate people are high in India. Without proper educate them, we cannot go to cashless.

Nowadays the world is going like bullet train so no one is having the time to go bank on and waste the time etc by using digital payment can make the payment very easy and even from long distance.

I want to say that digital payment is useful for India in being cashless but it is not very secured. Many peoples don't know about this, they don't know how to use this because of that they got cheated sometime. Because of being cashless many of us do not carry cash with us and we suffer because of that. In some manners digital payment is useful. In my opinion this is not a very secured way. This is only safe for the person who knows better about this. To promote digital payment and make Indian economy cashless and make digital payment more secured government needs to do something by which each and everyone know better abut this process.

Digital payment secure enough for who is know about Internet banking or digital payment even educated people don't know about it. In rural areas, people not much educated if government provide 2.5 lakhs money of awas yojana to beneficiary account, Broker easily access money through aadhar authentication from kiosk banking.

No. Because of most part of population of our India live in rural area, there are lacks of knowledge regarding with cashless payment, so there are chances of fooling to this people by seller or vendor. So I think before goes to cashless economy, govt should arrange various trainning-guide activity.

"India is country of villages". Many people in India are below poverty level (BPL). Many people are illiterate they don't know about digitalisation and internet security. Today digital payments are best way to achieve India's big aim "digital india" but this is not very much secure nowadays. Cyber crimes are very much popular in this digital field. Government should take action regarding cyber security.

Nowadays, buzz word "cryptocurrency" is very much spread in the digital market. There is no control of central authority in cryptocurrency. So it is the best way to make digital payment more secure.

Thus, India government should give permission for cryptocurrency to make India more secure.