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

Yes, I agree about digitalization payment but we know that every thing has two sides bad and good. Bad thing is that we India don't know about cash less system, operating smart phone transaction, and using atm. Because of that we feared about operate online money transaction. We think that if I do something wrong. Whatever life is a full risk without risk we can't ahead but the good side is that we know about online transaction there are many benefits like that time save, no documentary harassment, easily access any kind of digital payments.

Otherwise, the government will be easily tracking all accounts holder's it's will be very healthful preventive of corruption.

So government should be taken legal action that each and every family minimum one person should learn digital payment and make a too much secure online transaction.

Digital payment is one of the most important features for corruption free India. And for digitalisation one of the most important requirement is smartphones which urban people can afford but for rural people, it's not so economical. According to me, it's important to use the digital payment to be used in urban areas but in rural areas, there's still some time. These days the security of digital payments is quite high but if someone doesn't know how to use it. It's difficult for them and they may lose money while using it. So, it's secure to use digital payment and also is necessary for the growth of any country.

"DIGITAL INDIA" is one of the major initiative taken by the present government Definitely it is mandatory that for a developing country like India we need a digital and cashless economy to fight the menace of corruption and black money. If 30% of our population use cashless e-wallets or transaction our economy will be benefitted which doesn't seem to be a tough task as we have largest no of youths in the whole world. But the major problem here is security. We all know that e-payments are not much secure in our country. Every day we can see newspapers with such fraud cases. Due to which even educated people to take their steps back. If we want our country to b digitalised proper cyber security need to be maintained by the government As well as in rural areas proper training and guidance should be given to people not having the knowledge of how to do digital payments. People should start doing digital payments when the amount is low so that they can build their confidence in digital payments.

Friends, As we know that this is the 21st century and we have to be with it in many ways. One of the ways is to move to digitalization of our daily life which is almost done as we use smartphones, laptops more than anything. If we can use smartphones so efficiently why can't we use digital payments too. It's convenient for mobile savys. It saves our precious time. But as we know that everything has good and bad aspects too there are some chances of frauds too in digital payments but as we know that life is full of risks we can take this risk. It is true that in current scenario digital payments in our country is not secure enough as we have not spent too much on the security features. Hence we can say that digital payments at this point of time are not secure enough for the Indian economy to go cashless.

I personally feel that digital payments are an efficient tool. Corruption is at its peak in present urbanisation. Corrupt citizens are trying to hide their source of income and expenditure by various means like oversees bank and law firms. Digitisation will end all of it as it shall monitor a person's or a firm income and eventually lower the black money and various scams that we hear about nowadays, thus increasing transparency. Although, there are a few drawbacks to it like cyber attacks or unauthorised access to data, but it can me eliminated by employing updated version of software and regulated security system. Talking about the backward classes, empowering them is a tool. It's necessary to give the individual the platform to understand the digital economy. If we don't give them a platform we cannot think of making India better.

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.

Yes, digitalization is a stepping stone towards development. We have been aware of the tax fraud in our country. People deliberately show that their income is not enough to pay tax. Though we face problems in digital transaction very often but there should be certain measures that can be taken while doing the transaction. I personally use digital payment most of the time and I think it's secure enough. So, in rare cases, we only find that there is some sort of malfunction in it. Everything has its own drawback but at least we should try to improve it to make it perfect.

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.

According to my opinion, digital payments increase the country's economy and will prevent from corruption. But on the other side, most of the people in rural areas don't know how to use e-banking, cards etc. And they can't afford money to buy smart phone and recharing with internet packs. To have advantages for government, it should create awareness to people and reduce the service tax and providing some schemes. As the technology is increasing, the hackers rate is also increasing. So, we have to still improve the technology and should have proper cyber security. Whatever may be the step the government takes, first people have to take initiative in following it.

In my point of view, digital payments and going cashless is more effective and accountable way for the development of our country. It consists of both pros and cons. Coming to the pros it will majorly help in decreasing the corruption and will curb the black money as well. It is is very easy and more convenient. There is no need to go and stand near banks and ATM's for hours. Coming to the cons as India is a developing country the security is the major problem. Most of the educated as well hesitate to use online payment because of the fear of hackers and it is difficult for the people living in rural sectors who didn't even know about the internet. The government has to take measures by arranging campaigns and effective advertisements to make them understand of online payment and also make them aware of advantages in going cashless. Also, the government should opt multilayer security systems so that people will believe that using online payment is safe.