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

Hello everyone.

I think there should be a balance check on the cybersecurity that means people have to be more careful while doing the online transaction and on the other side government should take a necessary step towards the same.

There should be a proper authentication on every activity and for that people have to be more aware of the system. And by coming years I think there would be less cases of cybercrime.

Thank you.

Digitalisation is good for our country. But what about the illiterate people? How will they know about digital payments and about its security? Only the techies and those are using smartphones they know the online transactions. There is a big question that "do they know what they are using that are not capable enough to secure from hackers perspective?" So digitalisation payments are good but have to be secure.

Digital payment is Very important but this system is not secure for all type of people. Uneducated peoples having lot of lacking to learn about this so we need to teach about this system briefly to uneducated peoples and village people.

Digital payment is good for any country's economy. By this, a country can go cashless. We need not have to carry money all the time with us and there is no chance of losing our money by a thief. But According to me for our India its not good because our country is a developing country. We all our aware that India has the rural area much more than the urban areas. The peoples of rural areas are not aware of digitization. They don't know about the cyber crime. Suppose If our country starts the cashless economy. There are many hackers who can hack the account of any person especially for the rural areas the people's account could be hack day by day. So, before implementing anything for any country the government should look towards their policies to secure the digital payments. Must look towards the rules for cyber crime. Awareness camp must be organized for teaching the people about the digitization.

When we talk about going cashless the point which is implied is that cash transactions are not safe and that when an individual pays for the transaction there is no proof that whether the cash used is hard earned or earned through corrupt means. So when we think of going cashless it is surely a positive initiative as it would mean that the money used in the transaction is surely white in nature as the explanation can be demanded then and there. Now it is well known that there are many cases of cyber fraud and thefts so government should strengthen the cyber laws and study the cases of cyber frauds carefully so that none of that sort happens in near future. By doing this the government will be able to reach its ultimate goal for which the whole initiative is for i.e. to remove corruption. Now, all we can do is wish the government all the luck and do our bit as well by reporting cyber frauds if we come across any and not ignore it.

Thanks.

Hello everyone.

Digital payments are well secured as there is no need to keep money in pockets. There is no need to worry about pickpockets. Corruption can be reduced to a large extent.

In my point of view, digital payment is a good thing it makes our payment system easier.

No need to carry money in your pocket less chance of losing money, also saves time, no need to go bank to help with the digital payment option any time anywhere we can pay.

It's also difficult in rural areas because there lack of a network, without a network we can't use it if the Indian govt works hard and expands the network in rural areas so they can use this digital payment system.

I don't think digital payment is secure enough. People can't believe it to transfer big amount of money. Yeah, it's helpful. People save time, Don't have to stand in a queue in banks. India should go digital but security should be high.

Digital payments makes accounting for money easier whether it's about taxes, or the balance sheet of a business. Not only it benefits the business but also make life easier of the people in general. Electricity bills, shopping bills and payments can be done within a single click. As far as the security is concerned, the government should work on it. There are many cases of data leak and hacking. So, I would suggest the government should implement strict security measures before going cashless.

Yes, obviously the payments done digitally are secure enough for the Indian economy because via digital payment the record can be kept! Points which will support my statement are as follows; -.

* Robbery will be in control somehow!
* People will feel free while walking on roads at late night!
* Keeping wallet which is full of money in back pocket causes misplace of the hipbone!