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

Hi friends.

According to my knowledge to go cashless was a great thing but it's not a 100% guaranteed secure technology. It's hard to use who is uneducated. S hink advantages are more with the cashless process, of course, some draw backs are there it was covered by govt in future. The main proud thing is our India developed as a digital India.

Yes, this is secure because our govt give us security for online payment and for online payment there are various steps, this is good but hackers always find a new way for hacking customer privacy, and they do this so I think that we should devlop advance technology for securing an online payment.

Yes, I agree with the cashless transaction but it is possible when we will improve our education. Nowadays Definitely educated people preferred cashless transaction but this all problems has been creating for uneducated persons. And India has many problems about the cyber system and law internet speed so first, we have focused on education and after we can focus not only cashless but all digitisation and we would succeed in digital India.

Hello everyone! Technology is a field which has always kept on evolving at rapid pace and will keep on doing the same. We all, collectively need to embrace this change and learn about nitty gritties of digital technologies in general, and cashless transactions in particular as then only we can help government in curbing the menace of Black money regarding security features, it is really important for government to make people aware about the basics of digital transactions, especially to rural people. At the same time it's important for vendors in this business to keep up with the latest trends in security technology. We all saw how the ransomware attack threw open new challenges in security and hence it is really needed to keep up with the latest trends in this field.

And regarding the benefits of digital transactions we all are aware of. Hence digital transactions must be embraced and worked at continously to empower ourselves as well as economy of our nation.

Hello guys, in my opinion, digital payment is a big step of our government to achieve two in an arrow first education, second economy there is 74.06 literacy in India and rest people are not able with this type of digitalisation if they start doing digital payment there will be a big change in our education system people will be aware with this and our literacy rate will go above and above economy.

In my opinion, our economy will grow too much because the corruption in India will decrease too much due to digital payment people can't give and take bribe in this way our India will grow too early and too much our India will come under corruption free nation.

In this way, our govt will achieve two goals in one arrow.

Yes, I agree digital transactions makes a great improvement for the Indian economy. At the same time, we need to remember that there are many Indians still who don't know even to recognise the numbers. Hence the currency notes in India will be in different colours so that people can recognise with colours.

Hence digitalization can be implemented at higher level money transactions. And going complete cash less creates great problems at the present situation in India.

Hi, friends.

Digitalisation in India makes our Indian economy to step forward, nowadays everything becomes digitalised in India even a tea vendors maintaining cash fewer transactions like Paytm, every decision has their own advantages and disadvantages. Digitalisation was very useful in cities because most of the people are educated so they don't have any problem they have some basic idea about digitalisation, but it suffers villagers because in villages education is not good, so most of the people are uneducated, our government should conduct awareness programmes to provide basic idea about digitalisation & cyber crimes.

Hello everyone, yes it is secured but the thing about which we all need to aware is the cyber crime. The government is taking various step to make us aware about these cyber attacks. If once most of the Indian people made a habit of using digital payment this will help in the developement of our nation, because every transaction will be monitored and there is no chance of tax evasion. There will be more transparency in every business. Along with it we need focus on uneducated and rural people who are less involved digital mode of payment. The government Need to take some intiative to educate rural people regarding secured digital payment so that they may not be exploited while doing any digital transaction. Even we should also understand a responsibility to educate people regarding digital payment. We should tell them that always try to use digital payment as it saves our time and never share your password, otp and other details with anyone.

By taking these simple steps, we can put a step forward in making India cashless and above all, the Indian technology is strong enough to handle the digital payments securely.

According to me. It is good that our country is going to be digitised which shows that we are growing, developing with modern-age.

But first of all, we should keep our stress on awareness in educated people and education in non-educated people because still there are many areas in our India in which people are not aware of. How to use digital platforms for digital transactions and non-educated don't ready to accept this change due to the non-educated background as well as unawareness respectively.

I think this is the best time to go for cashless economy. As we have seen the no. Of mobile phone user in India have seen a drastic change in last few year. So implementation hurdle due to technology won't bother this. Coming to the effects it ensures transparency in the distribution of government subsidies to public distribution. It will also reduce the rising black. Money and lobbying in public departments Which further helps in reducing the wealth gap in poor and rich. Though we have some issues regarding safety as we don't have a proper tribunal to deal with the cases if any consumer lost his her money during a transaction or from wallet. So we need proper laws and instant action machinery so people can rely upon the working of the system. And the external factors too like Cyber attack to theft of data. Regarding which proper use of safety methods from anti-virus to new departments like car who will take care of these things.