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

India is in a growing phase. For a nation, to be globally competitive, it must embrace the technology like going cashless. It's valid that there's been a cyber security issues. But nothing can be done if we keep on highlighting the negative things. We, as a country, manage to tackle these things by considering where want to at 20 years down the line. In short, run any task seems to a challenge. If we withstand this, We'll stable enough in the long run in adopting much better safer technologies like Block chain. For that, we must have the basics right. Going cashless is absolute necessary.

In my point of view, digital payments is good and secure. It has positive effects as well as negative effects. It is good for our country. India will become ecomically very strong. Citizen of India uses as much as they can use e wallets or m wallets apps. Due to digital payments the Corruption and the Black Money become lesser. Using digital payments we have all details about the transaction.

But as we know the cycbercrimes is enhancing. The country which is well equipped and has good technology should easy handle these cyercrime.

But India is as far as now is not so develop country.

At last I only conclude that digital payments is good thought.

Hello, Myself Ajay Rajpoot.

Yes, but not for every person in India. Almost 46 to 50% of Indian population living in rural area. At there is no proper facility are available. Electricity comes only 5 to 6 hours at day time. Then, how did the macro atm and other modes of the transaction can be used?

Also, the people are not educated. It is also very risky like account, atm are hacked nd mobiles phones are stolen. Thank you.

India is a developing country. To become developed we should be economically very strong. Our government is trying to bring many programs and schemes. Digital payment is one of them it is secure enough to go cashless. It will bring all black money as well as there will we no corruption. It will make life fast and easy. It is the very good steps taken by our government.

I want to say we all use the mobile wallet as much as we can, and use a similar m wallet that available all places, for example, we all should use only paytm wallet for our facility.

Yes, according to me, digital payments plays a major role in nowadays. Even wmif we want want to buy any commodity we have to make digital payments. So, I feel that this is secured type of payment and if everyone follows this mode of payment our country will be first in the list of digital payments.

Even promoting digital payments through villages may secure Indian economy to go cashless.

Yes, really because of digital payments India is becoming corruption less country.

Because of digital payments India is getting digitalised. Even though there are some problems in villages initially, but later on they came to know the importance and buying smartphones and getting digitalised. Prime Minister Narendra Modi introduced this idea mainly to curb corruption and he became successful.

No need of carrying money with our hands with lots of fear that someone will rob it, we can simply carry a card in our purse.

Finally, there may be some problems initially but later on "digital payments" is playing a key role in the development of our country.

In today's digital environment, the internet era becomes vasted in all area. The most common use of this facility to do payments online. It is a little bit tough for who are not known about this structure. It is secure through the OTP we have received when we do a transaction. It saves the time that we have wasted in going to banks. The cheating is not seen basically. So the cashless system. Provide better performance according to security.

In my opinion, digital payments are not secure enough for the Indian economy to go cashless as govt need to make more awareness among people to know a lot regarding the cashless payments. Govt should first educate people to for using cashless means of transactions, there is need to make digital payment more affordable, safer and accessible for society from every class. Only after this digital payment will be secure enough for the Indian economy to go cashless.

Hi friends,

Digital payments are boon to the society. It will make transactions easy a wipeout bribery, black money, money laundering from our country. Also, it is not time-consuming. It will also reduce manpower too. But it will be more effective if an awareness program had been conducted on cashless banking since there are people who do not know how to use mobile phones and ATMs. So a campaign should be conducted to make the people aware of this technique.