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

Hi Everyone,

In my opinion, digital payments in India by encouraging plastic money is indeed a very advanced approach and it definitely going to have positive effects in the near future. But, for the time being, in the short term, it will create many serious problems, especially for the uneducated and the underprivileged people residing in the rural areas.

So people in India must be provided with the proper knowledge and education that is needed for them to get acquainted with the new modern approach. If this does not happen, then only a certain section of the society will be privileged and most of the people who are in great need of "money" will start facing unbearable circumstances.

Hello, friends.

With these large developments in technology, I believe digital payments are much better and easier option. Since your work is done in less amount of time as compared with you as an individual traveling to different places to pay your bills, place an order, etc. Just like the two sides of a coin, here too there arises a problem of a threat to security. Then the question arises how much you can trust the online sites which need you to place your account details with them. Increase in a number of security threats, cyber attacks have just added on to the dilemma. So I would like to conclude by saying that Indian economy is not entirely ready to go cashless.

Hello, good morning everyone.

I think digital payments saves lots of time compared to cash payment.

As we all know the government started scheme digital India and government also launch the Bhim application for digital payment.

But people not aware how to do digital payment.

Hello, everyone.

According to my views, digital payment is very secure for our country as we all know India is a developing country and one of the best way to develop our country is digital life because using digital payments we can make payment any time ant where without any problems and.

As I know most of the people in India wants to buy the best thing in cheap rates and they can get an additional discount using digital payment app and all.

And according to me everyone should use digital payment in India bust one of the most problem in India illiteracy and most of the people lives in village area and none of them have internet connection. So if we grow our India we all have to take 1 st step to literate every person. We should try to give speeches in village area and give them knowledge about digital payments and learn them about it is very secure "seekhega India tb hi to aage badhega india".

Thank you.

I think it is somehow secure as well as not it is bot possible to maje Indian economy totally cashless as we have 40% (approx) population which is not aware of digital payment so first we have to make them aware and then think about making our economy cashless.

India is undoubtedly developing. In recent few months digital payments in India has increased, especially after demonetization but still, digital payments are not secure enough to go cashless. Some or the other day news are heard that someone's money had been stolen or someone's account has been hacked. Though Indian government is trying its best to encourage digital payments and to go cashless unless and until govt is unable to stop this hacking, it's difficult for people to go completely for digital payments.

Digital payments are secure enough for the Indian economy to become caseless because all the transactions will take place through bank and other financial body, then govt will have record of every person, no-one will be able to misuse money, corruption will also reduce, this will reduce thievery and other wrong wrong work that generally takes place in our society. This reduces time so it's good.

Yes, digital payements are secure enough for India to go cashless but only valid for trusted authorities. As an Indian where most of the people are middle class, money matters a lot for them and if something wrong goes with there payment can affect them a lot thus in order to promote digital economy firstly government has to make sure that all there transactions are safe with this website or app and thus go for digitisation.

In my view, digital payments are not secure in a developing country like India. Basing on the fact that western countries run majorly on the cashless transaction, we should be able to think of the country's present economic structure. There are some rural areas where a smart phone is not known. Being in such a country that the cyber rules are not good enough to handle cyber issues. Educating people on a cashless society and making them habituate to the technologies even in rural areas can have a scope to develop a digitalized nation.

Yes, digital payment is very good for today's growing population. By sitting at home people can pay their electricity bills and various types of bills. But some people do not know the use of this system because of I'll literary, it becomes difficult to operate this digital system. So the main thing is to educate them about this system, most people who stay in the rural area.