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

Digital payment is big step of Indian government due to this people understand how to use their money in proper way, it also help in removing corruption although India is a developing country many peoples from villages don't have bank account & from this step of government they should learn something, they improve themselves, level of black money is reduced.

No, it is not secure yet. India has to look for some really skilled persons for that and who time to time notify for the updation of new software in the system by which cyber attack can't happen. Or they really want to change software which is fully secured for the cashless transaction or virtual money. Because if cyber attack keeps on then nobody can't trust in keeping money safe in a bank or do digital payment.

Hello, friends.

After demonetization, Indian peoples faced lots of problems to survive their basic needs. In this time we need a new type of transaction technology. So that digital payments are banking or any kind of wallet for the transaction. Is enough secure but it also has some problems such as hacker issue money thief through the internet. So, it might be complete security. Digital payment step towards to digital India. Nowadays.

Everyone can access the internet at low cost. And it's used increase the GDP rate also.

According to me, digital payments are not secure, because there were many cases of payment hacking in our day to day life now India is not able to install digital life, atm being hacked then what about the security of digital payment, in rural area if digital machine are not found then people will face lots of the problem. Many of women in the rural area worked as vander they are not able to use this type of digital device.

According to me, as people above are saying 55% people are living in a rural area so it is difficult for us to go cashless by now but my concern is. Today even a rickshwala can use a smartphone so it is not that impossible for the rural areas too to cope with this situation we just need to work hard on this issue and we just need to think to solve it by pushing in with different ideas.

Right now we don't have that infrastructure of IT expertise in the field of cyber security, which is very essential for the smooth operation and acceptance of digital payment countrywide. No doubt digital payment is very much fast, easy to operate and time-saving, but to achieve these we all must have the knowledge of digital literacy especially for the urban population.

Recent malware attacks are the example of cyber threats so to avoid this in future government should have a better road map to tackle this as well people should have proper knowledge also to avoid and overcome.

Digitization indeed big steps towards improving the economy, but there are certain constraints. As we all know India is a developing country, where most of the transaction, are done through cash, the real fact is that Indians are not in habit of online transactions making payment online, although there is a drastic change in it, yet it is not enough, to go fully cashless. Moreover, people hesitated to change, they adhered to the old method. Lack of knowledge about digitisation, less security, illiteracy is some of the issues.

Digital payment in the changed tech savvy environment is the order of the day. We need to find out a convincing reason why we can't go for digital payment and what hinders the transition from cash payment. We have already an upward swing in the digital payment immediately after demonetisation where there has been the upsurge of digital payment by 75% around which gradually coming down with increased circulation of cash in the economy. It's basically the mindset which is the main hindrance. The transaction where the sender does not want to keep any trail of receipt of cash and or payment, they are averse of the digital payment. As the economy is gradually maturing, even the small vendors prefer to have the swap machine to comfort the customers who opt for it. Now, the question is how much it is secure. My submission is, it is as secure as your wallet is. There is no need to transact through one debit/credit card. One can create a digital wallet, transfer whatever fund one requires for a day or two and go head with transactions. There cannot be any cyber threat.

Hi, friends.

Digitalisation in India makes our Indian economy to step forward, nowadays everything becomes digitalised in India even a tea vendors maintaining cash fewer transactions like Paytm, every decision has their own advantages and disadvantages. Digitalisation was very useful in cities because most of the people are educated so they don't have any problem they have some basic idea about digitalisation, but it suffers villagers because in villages education is not good, so most of the people are uneducated, our government should conduct awareness programmes to provide basic idea about digitalisation & cyber crimes.

Hi friends.

According to my knowledge to go cashless was a great thing but it's not a 100% guaranteed secure technology. It's hard to use who is uneducated. S hink advantages are more with the cashless process, of course, some draw backs are there it was covered by govt in future. The main proud thing is our India developed as a digital India.