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

Hi,

I'm not agree with digital India and cashless transaction now a days. Because it's not possible for all the people in India, and Internet, smart phone is doing major role in digital India, so we couldn't expect all people using those things. It's confusing all non technology knowledge people. So we have use digital India concept is one of type not a main role.

I am not agree for digital payment secure. Because in our country more peoples are not using ATM or any payment card only for insecurity this digital payment benefits only well educated peoples but not conman peoples.

Basically what I believe is that digital payments are simple and safe enough and I don't believe in a cash less economy, both assist each other though there is much training required regarding digital payments and its use for our rural peoples and few securities issue which will seem to be small once the person is informed and aware.

I guess having 5000 bucks in ATM card in one side of my jeans pocket is safer that carrying the same amount in other pocket. :).

Hi, everyone!

I partially agree to this.

As according to me, it will be helpful only for the urban people's Nd not for the people living in villages.

For ensuring Indian economy to go cashless first of all proper knowledge must be provided to everyone as all are not aware of the technology and even the urban people's are facing the problem.

And when we talk about the old ones or the age group above 45+, all these digital payments are unacceptable to them. They don't even know about the basic apps and how to implement them.

The basic problem is to make them understand about all these applications use.

And I disagree with this.

"digital payments are secure as they are protected with the 128bit encryption key. Due to which it is difficult to hack the password" as it is difficult to hack but not impossible to hack. There are brilliant hackers in India.

Digital payments can be secure for the Indian economy to go cashless only ""when the rate of cyber crimes can be reduced.

""The rate of illiterate people is less.

""The internet speed is up to the mark as many a times during digital payments server usually goes down and can cause a problem.

Now, India is a developing country. So in the first time, difficult start digital payments. In an urban area, it's started but its started many problem as-cyber security, high-speed internet, in the people digital payments understanding as many problems. If in the people motivate its topic than in areas are developed. So first time some problems but after these result is good. So I can say that in coming future time Indian economic cashless and growth.

Yes, with the advanced IT infrastructure, digital payments are secure enough for the Indian Economy to go cashless. Digital transactions offer high degree of accountability and transparency, which means end to corruption. Moreover, natural resources like trees can be conserved, if the paper required to print notes is eliminated by digitization.

Definitely not because in India well educated people and use of networking known about digital payment is about 25% approximately other than that India is an agricultural country and have villages surrounded about it so most if the senior citizen known or aware of digital payment is less considering the circumstances if it is made mandatory for compulsory it ll be difficult for the people who have majority criteria falling on no answers and still the Indian online payment is not to update of security systems this makes the users also to get back from it so first thinking it must be implemented for simple things and cyber security of net banking and some. Co should make it user-friendly and net charges must be made free like other countries.

No, because anyone can hack our systems and also the main problem is most of the people who leave in villages do not know how to use the digital media.

In my opinion, being cashless is good because we need not get worried when ever we don't have sufficient money with us to buy some attractive things which we want. But the thing is that it is not always possible in every situation because whenever we are in rural areas we don't have this cashless system so we have to pay money. & also hardly 25% of our total population would have known about being cashless so it is the duty of the govt to organize special workshops for this & many parents don't have idea About this. So it is the duty of their children's to train them to make them understood & use this in a smart way.

See, any system has some of the short comings but considering only the shortcoming of the system can never results into a positive result.

We should think about the various benefits of digital payment such as hassle free transaction, we can avail service any time & anywhere, transparent service.

Due to its dependence on the internet there is a chance of hacking but even our government has a positive approach towards making the system more and more transparent so we can rely on the system.

It is the responsibility of the government and the educated citizen of India to make the people aware who have no knowledge about the internet.