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

Nothing in this world is constant. I am not talking about birth and death or sun and moon etc. So the point is can we say the economy of USA is 100 percent secured. We can't. So if I am in India or in America it is always risky for digital transactions. But due to that risk I can't stop using digital payments. I think our security system is strong enough to stop the hackings but also it needs improvement.

Digital payments is one of the best way to reduce black money in economy. I don't think, it's require huge knowledge to do transactions. 70% people are using smart phones, it's saves time. In every issue their is some problems, technical problems are passing clouds like Wanna cry (ransomeware) , we need to think how to take precaution before of a victim withit and how to over come. And finally, Yes, I agree few people far away to technology, in that case 70% cashless will help to avoid this to tackle the problem.

Absolutely digital payment so mch secure. Because we youngsters mst be understand that we all are living in developing country. So here, If something happens new so it seems jst little bit strange. We are getting educated as well as intellectual that's why it'll take some time. . Bt it'll give positive response. And I think guys we mst be support it.

According to my point of view, this is not the safe mode of transaction in India. Because in India, the condition of cyber security is very poor. But now situations are changing. And we can say that within next 2-3 years we will become secure enough. Other one concern is the less educated population in mainly rural areas and senior citizens, they are not aware of digital transaction properly and also do not want to know actually. They think it as a headache. But this is also a point that if we want to compete with developed nations we have to change our old habits and to adopt digital payment. Because this is beneficial in suppressing black money and eliminating tension of carrying huge money for shopping, deals etc.

As every coin has to sides head and tail. So, going for the cashless economy is a very great attempt. But it has its own pros and cons. So, therefore to take any step we should one step ahead of all cyber crimes and other viruses problem. Because if we don't take any precaution regarding digital payments and opting for the cashless economy. Then it could be a disaster and very bad effect on our economy. Like recently wanna cry (ransomware) attack has shaken the economy. So we have to be well prepared to deal this kind of viruses. As per my opinion, it is a very good step but same way risky. If a person is not well known with the online deals and use. As most of our rural people are not well trained or litrate use of online payments and transaction deals.

Digital India is a really very good step taken by the Indian government. Digital India helps the people to get rid f of the queues for the money transfer, bill payments etc. But this step is not taken in the correct manner. Everybody is not aware of this. Before making everything digitised people should be aware of this and the correct use of it. As we know that every topic has the pros and cons : so the pros for making digital payment are people can go out without carrying the money just everything will be on their tips. It will also help in reducing the use of black money. And the cons are cyber hackers who can hack the account and misuse the account also the lack of education among few sections of our country.

Hi friends,

Digital payment is the most revolutionary change, that is being implemented just after demonetisation.

In my point of view, its a great idea of making India go cashless. Just think over the circulation of paper money all over the world. Can we think that this paper money circulation is secure enough? I don't think so. Corruptions, usage of money in wrong deeds, by so called politicians of our country. Recently a huge black money being washed away and caught red-handed behind the mysterious walls of corruption. So now the newer idea is going cashless. Digital money is the easiest way for shopping, making small or big purchases, or monetary work. No paer money, no corruption, hence growth of economy will extend day after day. After the whole calculation, we can say that, going cashless is directly proportional to incresed economy and reduced corruption.

No doubts everything in this world has an exeptions, as nothing is ideal. And similarly, here the system have disadvantages, like online threats to digital money, hacking, loot, etc. So do you think that money is still secure in form of paper money. No, Therefore the fruitful decision for the Indian economy is, making Indian money cashless and digital.

Thanks.

Hello, friends!

In my opinion, the cashless economy will be a great achievement. But thing is that everyone should know how to secure their personal information individually. Considering the growth of this generation we can see some people from previous gen whoever had zero ideas about the internet and smart gadgets, they learned to use such gadgets in a smart way than this gen people. So, in future when India entering into cashless economy everyone will be knowing how to secure their own individual information. Lack of education will not be the problem in future. If govt of India provide certain guidance then it will be a great achievement for India and easy for the public as well.

Hello friends!

As everyone said govt should take care of securing personals of an individual. But certainly nowadays we can see everyone owning smart gadgets according to their interests. My point is literacy won't be the problem because even we din't know how to use those advanced gadgets but now we can do whatever we want from home, even a kid knows how to use search engines. So, in future when India entering into pure cashless economy everyone will be knowing everything to secure their personal information.

We all know that India is a developing country and as technology has evolved over the past few years, people have started liking cashless transactions as they feel worried of carrying a huge amount of cash. On the other hand, digital payments are not much secure as they comprise of passwords which may either be forgotten but the person or maybe someone has his account which may lead to loss. Thus digital payments are not much secure enough for the people to go cashless.