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

Hi guys,

Myself Amit, in my opinion, going cashless is the masterstroke from our respected pm Narendra Modi. This policy has many benefits I agree there is some loss too but he's seeing the future what will be of India. Security reasons are there but after this it will b carried out, everyone knows we had max and no of graduates who can perform well if we transfer our money to anyone we have to b alert always where we are nd what we are doing because many websites gives you bribe of something so don access to such ads on net.

Yes I agree "Digital payments are enough for cashless transactions". But In internet security is major issue. By Lack of security, utilization of Internet services is impossible. First of all our government Should improve the security standards. Then implement the digital payments strategy. Otherwise pepole will face a lot of problems while digital paymenting. Now a days cyber crimes also increases day by day. Our standards should be like challenging cyber crimes.

Hello everyone,

I feel before implementing new rules to the already messed up present scenario, efforts should be made in first improving the current situation of awareness of Indians regarding technology. In India, people aren't much aware of the kind of impact technology is going to make in future. Indian government needs to first put efforts in the right direction by training the people with the right resources to make an impact across the globe. India is being one of the fastest growing economies, needs to realise the kind of opportunity cashless economy is going to create.

Cashless economy is must for India but not right now because it still needs improvisations regarding the security on internet. If you observe, recently we have warcry ramsomware attacts all over the globe. This shows the level of security on the internet. We can go by the digital amount only to some extent because hackers will be able to hack us while we are making the payments. Or by hacking our digital accounts. Since some people are new to this, they might face lot of problems to go by cashless. This requires lot of time and lot of improvisation to our internet. So it takes time to go by digital payments but only to a certain level.

Thank you.

It is a good thing. Digital payment is secure for the Indian economy. In India, banks have their own security system which are not hacked by any hackers if it is wrong then to see these type of cases Indian government must take a bold decision. And it is not any problem of any customer off any bank it is a problem of bank because bank take responsibility to make your money secure.

Hello Guys,

As per my opinion, India is a fast developing country and cashless economy is a must for India. It is very important to move with the time and adopt modern techniques otherwise other countries can leave India behind. As fas as the security is concerned, there is a continous improvisation in the security of digital payment and it is possible to rectify the security defaults from digitalization. So, I colclude that since it is possible to improve the digital system, cashless economy can be maintained.

No, Since there are many hackers now a days even big big American companies are also not secured. Secondly People of India are not very much aware of technology and It is very difficult to teach them cashless payment specially to the people who are above 50. At max you can make them mug the steps to pay online and In case of slightly modified dialogue box they will loose their confidence.

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.

Well, digital payments still need improvisation. Recently we heard about warcary ransomeware attack across the globe. It affected thousands of business. But also it shows the level of internet security. It showed us we are still doing our internet transactions in a vulnerable platform giving nothing more than anarchy. Even our governmental departments are not going safe, who are the souvenir of trust for us. How can we trust of our own safety? We can't totally eradicate this problem but we can prevent it by following simple rules of digital safety. Like we can use credit cards wherever will be possible for transactions. Always change your passwords in regular interval of times. Do not share your information to any phone call representations claiming official enquiry. It is safe to go the nearest branch physically.

Hello Guys,

Very good evening to all of you. This is Kunal Aryan. First of all, I would like to thank "Indiabix. Com". It's a platinum opportunity for me for Discussing this topic you with all my dear friends.

According to my point of view, I most welcome Digital payment system in our country But most of merchant/whole seller don't accept digital payments. Everyone knows that in the digital payments there is transparency of the transaction as per income they have to pay tax. They can't hide original income to the Government Those people who don't want to pay tax. They make excuses that I don't understand "How to use mode of digital payments Or For the security purpose".

Whereas, in reality, they don't want to pay tax according to their income. Our Government Has already launched a TV Chanel named "DIGISHALA" by the ministry of electronics and IT Ravi Shankar Prasad.

This channel provides a complete knowledge about "How to Use mode of digital payments" in Hindi, English & Reginal languages too.

According to a report in The U.S.A around 95% transaction happened in Cashless payment. So we should also promote this in our country. I think its a very safe mode of payments. No need to withdraw the cash and fear of loot on the road or anywhere.

That's all. Thank You Very Much To all Of You :).