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

During demonetization, digital payments also a very big role otherwise it would be really very difficult for the people for having the cash by standing all day in a line leaving behind all the work.

May be it possible but most of the people doesn't know about digital payment because of illiterate so they have to update some of the terms in digital not all the things.

To add on, Digital economy has played a vast role in contributing to our society up-gradation. One of the major benefit is people are liable to engage to new technologies with keen to learn more and more about the latest techs. Like if we are moving to online payments or doing card payments then it is obviously good to use them more often as it is somehow enabling us to forgive cash burdens. While it is also making people to go quick in terms of saving loads of time.

According to me, if we provide knowledge of payments apps like Paytm, tezz it is a good one for our people to adapt the modern technology.

Carrying always cash sometimes it becomes risk-taking rather than if we create any wallet and provide some secured password it is good.

First of all every country says India is an cashless, because the reason is politician. So many people don't know to use ATM. Whenever cashless India are published, so many poor peoples are affected by this rule.

So, first, Go for free education then execute this rule.

Yes, I say it is fully secured. If you can use proper way then you will never be facing a problem in. Before using it you should read all the Instructions. Nowadays according to previous experiences system has more improved and secured like as one-time password you always get on your register mobile number while transecting Or any other practices with a bank account. OTP will get on your register mobile after OTP matching they allow to proceed next. So, you don't share your personal data like as OTP.

Nowadays you no need to go in bank physically you can access your bank account at home by digital banking. In this case, you save your time Also access any time no time restrictions as banking hours. Also, you have to no need to carry cash anywhere.

Yes, I say it is fully secured. If you can use proper way then you will never be facing a problem in. Before using it you should read all the Instructions. Nowadays according to previous experiences system has more improved and secured like as one-time password you always get on your register mobile number while transecting Or any other practices with a bank account. OTP will get on your register mobile after OTP matching they allow to proceed next. So, you don't share your personal data like as OTP.

Nowadays you no need to go in bank physically you can access your bank account at home by digital banking. In this case, you save your time Also access any time no time restrictions as banking hours. Also, you have to no need to carry cash anywhere.

Digital payments is more beneficial for online shopping, you can choose a single product from many products by comparing cost and discount on it. If you pay online by digital payment then you get good discount to compare to cash on delivery. You can easily buy anything or ordered from your home by digital payment.

Also, digital payments have some drawbacks hackers steal your information from social sides as facebook, linkendin, orkut etc. The informations are date of birth, mobile number, pan card number, Aadhar card number etc. All bank account holders are linked their mobile number with a bank account. By using stolen document's they get another sim card of your number then they get OTP on your sim and steal money from your bank account. Therefore don't share your personal information to others and aware about fake and illegal sides.

Also digital payments have some drawbacks.

I believe this is our move towards civilization. Considering Nationwide, this process is an opportunity for us to grow for real. It can prepare us for better tomorrow. As per the security is concerned, please let me know if we are secured now? Each individual contributing in this cashless economy must understand key fundamentals, risks and preventions. Everyone must get educated about it.

Yes, I think it's fully secured and have certain benefits too :

1. Adapting these technology will surely make our nation increase our strength in global market.

2. People will surely adapt these kind of changes which leads to modernization of our country.

3. Reduce the risk of carrying a large amount of money.

4. Reduce any kind of risk in ATM crime.

5. Definitely people will rely on this technology soon.

Hi everyone,

According to me, I agree with this statement. Because, we can go anywhere in the world without cash. But, think one thing that is in our economy there is illitarate people also. They don't know how to use these technology, also they don't know how to use a smart phone. So, firstly governmnent initiate to take first step to take awareness class to illitarate peoples.

So, other thing is digital payments is technological system we can access this with smart phones easily. We can purchase and buy things without payment of cash. It was very confidential with password.

THANK YOU.

Good Afternoon friends,

I totally believe that country like India is still developing with its improved technology and other latest innovations, but some kind of a development that makes the digital payments secure to go cashless economy is somewhat convincing for everyone.

It has its own advantages and disadvantages. Its necessary for the Indian economy to make digital payments more easy and convincing. It makes a person to make digital transactions possible and is very less time consuming. A person doesn't have to go to physical place spending their precious time. At the same time, it is somewhat not a secure system for making payments as it can misuse a person through hacking and stealing money. People use others password number and they can reach through our account and makes a persons life miserable. We totally can't depend on this for carrying out our activities. This system is totally ineffective for a person who is uneducated and for those places where it is backward in almost all sectors. So this is latest technological development as technology has got its own benefits and harms, digital transaction to make India go cashless is a boon as well as bane.