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

Hello, friends. In my opinion, digital transactions are very beneficial to a developing country like India because these types of transactions have been successful in many developed countries. Some of the advantages are time saving. Fast, safe and secure transactions. To achieve this thing to a very great extent we should be carful while transacting because of increasing level of cyber crimes. To make it successful we should improve our technology level. We also should determine to make education level higher to make our country a cashless or digital economy.

In my opinion, digital payment is the best way for the Indian economy to go cashless. In fact people should be well aware of the advantages of digital payment like with just one click we can easily make the payment anywhere by just sitting at home and secondly in our Indian economy there are bunch of people who just try to refuse taxes which is the main reason why our economy is declining day by day. People should be well aware before doing an online transaction that their PC or mobile have proper virus protector so that they might not undergo frauds.

The Online transaction also reduces the chances of human theft.

Hello friends, well according to me, it's a very good idea to make payments digitally because by this way we can save time and efforts also this payment method gives the relief to bring money everytime and everywhere. But also, nowadays it is not the secured enough for the Indian economy as every person is relied on to paying money digitally and due to this many of the cyber crimes and cyber attacks are taking place. Recently, a cyber attack happened called 'ransomware attack' happened over a huge population of 99 countries including US and also they hacked a very popular organisation as we all know 'zomato'.

So friends, according to me now it's not secure enough to make payments digitally.

Yes, digital payment is much enough secure for the Indian economy to go cashless but not 100% secure. Though we have crime expert, it is not totally secure. The advantage of making digital payment is to reduce corruption and save time also. From now, the government can know about every transaction which alerts the corrupted people. If corruption is reduced then Indian economy will increase and poor people also get benefits.

In India, it is secure to transfer money in a digital way. Of course, it is secure. As India has so many talented hackers and software engineers. Till now no such issues regarding this digital money transfer happened in India. It will save time. We won't have to wait in the banks for a long time. But may be there is a disadvantage that people may stop going banks and all if everything will be done at their hand.

Yes, I think it's secure and it is improving security if all Indians are using the digital payment system that is making strong India economically and our vision is that to make India powerful country in the world. And the other thing like education it is not the problem for digital payment system where today everyone is having the smartphone and this is the only requirement for digital payment.

I think that digital payment is the best step taken my government as it helps in removing black money. Day by day govt is taking steps in improving security so that digital payment is more secure and people can easy do it. As the technology is developing day by day we have cope with it people should learn about it in this technology world. We have to became have to became aware of it and knowledge of it. After sometime this this effect create major impact and help to improve economy.

Digital payments are not in reach of every single person, because internet is not yet available or accessible every next door. And if you are using public network or public systems for the sake of operating internet and further making use of it too do digital payments is not at all a safe option.

Yes it's good for those who have proper knowledge about e-payment. IN INDIA specially in rural areas people don't know about or have very little knowledge of e-payment so it's is difficult but not impossible. Government or Banks should take some initiative to provide knowledge about e-payment so that a huge population should also participate and take interest in e-payment with full faith and feel secure.

Digital payments are not that secure that Indian economy can go cashless but Govt is working to make digital payments more and more secure to overcome the frauds that are happening in the market and also most of the population of India don't know about the digital payments. So according to me govt should start educating people about the digital payments and along with that they also work on making it more secure. After that only digital payments will become secure enough for the Indian economy to go cashless.