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

Hi,

In developing countries like India it may be a mile Stone to go cashless. But nothing is impossible.

Every era has own mode of exchange. From the barter system to modern era.

In initiation stage digital payment system can be stop as earlier discuss such as black money, bribery, thefting, an so on.

Through DPS can trackable and vigilence on every transaction that who is the sender and who is the receiver.

This action will reign who illigaly circulate the money.

But security measures must keep very secure. It can be attacted by hijekers, and confidential data may be leak.

In conclude in every aspect there must a change have great revolutionary result appear.

Yes, definitely digital payments secure for Indian economy to go cashless but not enough. Seeing various problem occurring due to paper economy our government focuses more toward cashless economy. There is terrorism activity occurring in our country which has also direct relation with fake currency. Which is biggest danger. Our some politician and some officers have black money. This is also problem for developement of our country. Money laundering and stealing of money and many more problem maybe avoided by cashless economy. But to go for digital payment to solve above problems people of our country must have be educated and illiteracy rate of our country is low and our government is doing good for education system but administration is not well. People who go for digital payment whether they use INB online shopping or payment through any wallet, people should have literate so we must have to work for our education system for cashless economy.

One more point even being educate people afraid to do online transaction that whether their money may deducted more account may hack by some one so to resolve above pbm government should make awre by advertisement and awareness camp.

One more problem to do digital payment is availability of internet and smartphone. Many people of our country even being educated are still unemployed. They don't have money to internet recharge and purchase smartphone so to make whether digital India plan or cashless economy we have to provide more job to the people.

It may be or may not be. First of all, we all people of India are not aware of cashless transactions. People don't feels secure in cashless transactions. They think they may be cheated during this. So there must be guaranteed app approved by state government who provides cashless transactions. Also, the government should put efforts towards awareness towards this like by creation champaign!

There is no doubt that Digital payments are secured.

1. Fast.
2. Convenient.
3. Always have a proof.
4. Scams can be avoided.
5. No more need to go to banks.
6. No fake currency.
7. No one can deny the payment.

Yes, Cashless India is an initiative step for the growth of Indian economy. The transaction can be made without any disruption. There is no need to carry money. So, it will become easier but it has involves disadvantages also like our Indian cyber security is not fully developed. Many cases have arrived of unethical hacking, data breaching. So, it will be difficult to safe accounts details. Beyond this, the illiteracy rate is also an important factor which needs considerable attention. Most of the people are not aware of the online transaction. In villages, there are not such a facilities by which they can do online transaction. Therefore Government should rethink on all the factors before implementation.

Hi, everyone.

Digital payments secure enough for the Indian economy to go cashless.

1. Fast transactions.
2. Printing notes problem can be avoided.
3. We can easily handle the money.
4. Emergency service.
5. Black money can be avoided.
6. No duplicate notes problem.
7. Realibility.
8. Highly secured through OTP confirmation.
9. Steals can be reduced.
10. Increases the literature rate.

To achieve cashless India government has to make a proper infrastructure,provide security and all should encourage the digital payments.

Government should make awareness programme on digital payments.

Yes, digital pavements are secure enough for the economy of India. After a great controversy, the step was taken by our Prime minister Narendra Modi of digital payments to make our economy cashless. So being an Indian, it is our duty and responsibility to take a step to make India a DIGITAL INDIA.

By digital payment, we mean a way of payment which is made through digital modes where payer and payee use to send and receive money. It is one of the steps taken towards development nd advancement of the under-developing economy. 'Every small and small factors are responsible for the progress and development'. So special training should be provided to illiterates and the backward peoples to understand that how to operate the system resulting in their after all smartness. GOI should focus on technical aspects i.e. raise the standard of living, internet accessible, providing basic knowledge and giving advertisements.

Digital payments are the most secure form of payments which lead to growth and easy life. Corruption, black marketing and parallel economy reduce due to the recording of every transaction. Each and every sector should accept money in the form of e-transaction. The procedure for maintaining the privacy is known by all the users. In end, digital payments are user- friendly means which save time, reduces a chance of theft and a move towards the prosperity of the economy.

Government take various steps just like link your Aadhar number to e-payment apps like (BHIM). It will help in transparent view of every transaction detail to government. And it also in Indian economy to know the money detail to the government.

According to me, as we are all aware of the present condition of the country and about the literacy rate which is too low as compared to the developing or developed country. Almost about 70 per people living in the country are not know with the procedure of online payments so I think the government should have focused to impart knowledge to the citizens instead of implementing this action. One should be aware of the procedure and concept and also benefits of the digital India. I pretty sure most of the people won't be knowing about this. Secondly, most of us think that it's not an easy procedure and insecure so they should be made clear with it that it can help reduce time and labour.

Yes, the Cashless economy is a must for India to grow and become digital savvy. Easy accessibility of fast internet and education about digital tools like BHIM app, PayTM and others is very important prerequisites for all the Indian citizens. This will help the highest penetration of digital payments in our day to day life. Post demonetization, we've seen a big leap of digital adaptation and those who still didn't adapt it will be left behind and won't survive nationally as well as globally.

The other important factor is secured and encrypted digital transactions assurance by the government and consistent efforts to review and monitor the digital security of payee and payee's data.