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

In my point of view, everything has both pros and con's. But it's a great idea for making our country a developed nation.

An example for this is when we compare our country to 15 years there was not a mobile phone but now we can see people reading messages about their children's studies in the school.

So at first, everything will be like that after some days it will be popular because of its use.

Hello everyone,

According to the perspective, I think that the digital payments are secure enough because this will help our country to start something new.

It is difficult for people who are illiterate but it's fine if we start they will also get chane to learn. Paytm and many other. Apps are there for secure transactions and we have seen that they are successful in market.

Chances of fraudulent access is 2% or 3% which much less so we should go cash less rather or with cash and have risk of getting stolen.

Go digital.

According to me, it is a good idea but there should be more facilities and improvements in this field as what problems that we all confront these days while doing an online transaction include when the session expires we have to start all the activities from the beginning which is time-consuming. So, according to me, there should be a mechanism to start from the point where it was left (or from the point where the session expired). And also the limit on transaction should also be extended. So, I want all these modifications which will make digital payments better.

Hello friends,

In my opinion, Yes digital payments secure enough for the Indian economy to go cashless and it's a great decision of our government. Trough this step corruption can stop if it will go long. Day by day corruption is increasing, in this time some few person who is paying tax. Also, we can say that corruption is spread everywhere in India and I think it's the best step to remove corruption. Also, I agree that some problem will create but that problem can face. This is India there is no any problem that can't face because we are Indian we have "jugad". So we should adopt this step It's good for us and our country also. That's all.

Thank you very much.

India is a developing country. It's growth is study and stable.

So my point of view digital marketing is the best way to use cashless transaction.

In this way in Indian corruption rate is down and black money converted to white money.

Sometimes digital marketing is the best for educated people but same opposite reaction to very difficult for uneducated people. Because digital marketing is used high IT Technic. So it's very difficult to understanding this Technic.

Hello everyone, personally satisfied with every point put up here. To be honest this is a very good initiative by government of India altogether. But taking this initiative to the common people is required to make up its mark. I would say people who are educated and people who know how this actually work would get benefitted. I have been to a slum to promote this idea. I would say people are very much interested when they were educated about this initiative BT they weren't confident enough to put this into practice. They were happy with the conventional methods of practices. Why do people who live up in these places are not ready to take up this idea? It's because they have lost hope. People hardly have little things to survive on. For government, they don't seem to be in existence. People who promised them has backfired. And many such issues my argument is without making up their status. Without being ensured of survival they feel hard to adapt new methods rather following the conventional ones.

With regard to this, we should concentrate more on giving awareness to the public regarding the risks associated with digital payments like OTP frauds etc and make them literate on systems and procedures associated with digital transactions. Also, I would like to say that most of the players offering digital payments in India offer high level of security with multiple layers of encryptions and other technologies. So making the public with such applications, smart phones, internet etc would definitely boost up to reach the goal of what we say a cashless economy in the near future.

According to my view, it is a great step but government should control the loop holes in the security system.

And all banks should give a proper information and educate the people about the cashless transaction.

Than India became a really cash less.

Thank You.

Digital payment is very important now but it is not possible to every one person because in India near about 70% people from rural area, they have no idea about how to handle.

Android mobile, online transaction. So government have to take care uneducated people with the help of guide camp then digital payment will secure.

Hello everyone I am Seema well our topic are digital payments secure for the Indian economy to go cashless.

Is very interesting. In my opinion people are now digitally well versed for eg online purchasing etc when we purchase online by using atms while transaction they will ask otp number very secure. But while using atm and our card is lost people can use that card to withdraw money while informing banks it will take time by the time if any body knowing the pin number easily withdraw money from atm. What bank does it will block the card, in my opinion is that digital payments are secure for our Indian economy. But only thing is that we.

Must educate people by social campaigns etc. So other people who are illiterate digitally atleast get some knowlege, and they can practice it.