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

I stand against the motion.

In my opinion, Digital Payments are albeit much feasible and flexible measure to replace cash, but since we are talking about the Indian economy, one of the major factor is 'EDUCATION'.

Even if we improve the security measures, we could not ensure security of an individual's account due to the lack of education, and knowledge regarding the technology.

India is a country where a mass of population is still suffering from the lack of proper education and knowledge; so going cashless is a big step rather it is firstly important to make the people aware regarding what is this and how does this system work.

It is still a long journey to make India cashless.

Digital payment is a revolutionary thing that has been introduced and implemented by our government. There are several advantages of digital payment methods, you don't need to carry any paper currency while travelling so no theft concern, no more mutilated or soiled note. But with advantages there is always some room for improvement and criticism, and as we all know digital payments run over with huge IDs and PSW that itself is enough for making it vulnerable in terms of security. But with careful handling and supervision we can easily avoid such situation. But the question here asked is is it secure enough, I will optimistically say yes it is, with time and experience we will achieve perfection.

Yes, it is secure if we are using proper digital payments softwares or applications that is authorized apps, government apps nationalized banks payment apps and otherwise is little bit un secure if we using not proper applications that is unauthorized app is not secure because they may be hack easily by the the hackers.

In my opinion, digital payments are safe for Indian economy for cashless as one can keep track of their funds by the help of apps and tax department can keep track on the transaction without failing personal to pay taxes and the one can keep a record of fraudster which fly away with extra money. Digital payments can be fluently achieved in urban areas but there might be some difficulties in a rural area but according to upcoming programs of our prime minister and some good citizens of India there will be no such problems in future as they are providing information and technology to such areas. Apart from this, we cannot deny the fact about the cyber attack which could affect the digital payments but there are setups like security cells which handles these attack and helps to prevent such activities by their programs and secure portals. It can be said that the day is not far away when the whole country will opt out cash and go cashless.

According to my point of view, it is safe but thwew is always some buga in evwey system hackwes tried to retrieve your account details and want to get peofit for them ao of we take se precautions when soong payment itis safe bank encrypted our darmta and aecure with ssl encryption and also sems high security otp dor transaction of money so it is secured.

Yes, Definitely it is a very good initiative. But everything has pros and cons which have to be checked before implementing. One of the major causes of corruption in India is the corrupted people being unnoticed by the government. In the sense cash transfers are being done unofficially. This is the major advantage being used by the corrupted. So if the Digital payment system is implemented, government can know about every transaction being done which alerts the corrupted and corruption may decrease. But for this to happen every individual in the country has ti be aware of this system which takes a bit of time. So under sufficient guidance this system cam change the Indian Economy drastically.

Recently, we have seen that ransomvirus affected the Indian banking system. Most of the atm machines are Windows xp and they are not updated which cause they hacked. So Indian govt should be prepared for any type of cyber attack in the future.

In my point of view, digital payments are more secure enough for the Indian economy to go cashless. Because there is no case of deceiving the government without paying taxes by any individual. Another major point to note is that every payment across the country is known to the government which avoids confusion in finance related issues. Due to the digital era, hacking techniques are implemented to create a problem to this issue which causes great impact on the next decade. However, more security techniques must be developed to counter attack hacking.

In my point of view, digital payments are secure enough for the Indian economy. Nowadays technology is developing very fast. One should take a huge step to change Indian economy, which was taken by Narendra Modi ji. Rather saying that our country is not having highly educated people bla bla we should give some awareness programes to village people. So that we can grow our Indian economy in very faster rate. I think awareness programes should be conducted in government schools, so that they can help their parents very easily in case of village people. Every change is good for us and we have to take it as positive. It may be difficult at starting but further it gives some good results. We should be with patience and have to support our government. It will be helpful to our next generations.

According to my point, the digital payment is not good one for who those can get the aware of online transaction.

But seeing through our country population most of the peoples are lives in rural sectors.

So first goverment do the make an awareness about the digital India in the village lived peoples.

That only possibles of active participation of our responsible authorities and government.

Digital payment also not secure well. So also put the good protocols for authentication of transaction. Then only peoples I'll trust.

In conclusion we need digital India but a proper manner.

Thank you, .