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

Yes, digital payments are secure enough for our economy to go cashless considering in view the point that there should be a regulatory authority to look after cyber-related issues particularly in banking which would check online theft and fraud.

Not actually, As far as security is concerned. For any digital program to be successful, security must be tight. So that there's is no one to hack the accounts. And the other thing is illiteracy in India, people are not much educated in rural areas to use a digital payments method. It would take time to go cashless fully (not 100 %). But to this, people should be enough educated to use these digital methods. Security needs to be improved. So only people can trust over these digital transactions.

Hello everyone!

I am Suraj.

So, we are talking about digital payments and it's security. It's, of course, a secure method of payment. It's very quick and easy to transfer money through mobile.

Our main consideration is the awareness of digital payment and the availability of basic infrastructure needed for a digital economy.

The thrust required for it is given by the demonetisation. As the time will pass and the use of digital payment will increase exponentially, further processes like cybersecurity improvement, basic infrastructure and awareness will increase.

Hello friend.

Digital payment is good initiative but not secure enough for the Indian economy to go cashless because some point money is compulsory. I agree with all my friend using digital payment zero corruption, essay to pay anywhere and safe.

Yes, an online transaction is a good method.

Online transaction is a good way to initiate the people of India is developing Country. Thus, online transaction saves a lot of time. But illiterate people which belong to rural areas they are not aware of this development. So, we should awareness be given to all of the people. And learn the function of online transaction.

Yes,

One can accept this type of payments.

To secure our wealth from stealers.

Nowadays, rural people's suffering from digital knowledge like online transactions. Etc. Due lack of that side.

Recently, Ban of 1000&500 notes we have to know. At that time paytm has spread out their services in rural areas to expose online transactions to peoples.

So, digital payment can improve Indian economy somewhat better. Due to half of the people in India has illiterature.

Thanks.

Yes, I believe that digital payment is quite secure for the Indian economy to cashless. Threats come only when we are not using them securely and fall trap to fake calls and share important information. There are many features which makes digital payment secure and one of the best feature is OTP which is real time and only remains active for few seconds. There is hardly any chance that a person would be in a position to cross different level of security as in case of any digital payment which is secure through pin, Transaction password and also in many case security questions.

The main hurdle is not security but gaining the confidence of people in feeling confident with digital payment as it can't be relied upon everywhere due to availability of swap machine in every location and strong network availability. People still prefer to carry hard cash with them.

To go cashless, is the growth of Indian technology and economy. But at this position of our country its not fair to go outside without money, since even India's economy is under growth and most of the Indian cities are unaware of the digital technology of India. Its better to develop the digital technology of India and go cashless anywhere.

Yes, we need a digitalization of our economy, but illiteracy is the biggest problem for that, some vendors or small-scale businessman are not aware of digital transition but if we really want to remove corruption from our country than it should be implemented.

According to my point of view, the cashless economy is good for India to make developing country. In today's world people are willing to use technology and they are utilizes it fully in day to day life. So it one of the easiest way to make transfer of money from e place to another. So it's good initiative.