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

I feel digital payment is not only safe but is very much useful for going cashless. Going cashless is very easy and smooth in urban areas as people are well educated and aware of the various aspects of it. The success of digital payment mainly lie on its implementation in rural areas and I think it's not difficult. There are still some people in those are who think atm are also not secured so that percentage will always be there. So we have to see its effect in a broad way. The young generation of people in the rural areas are not getting educated and smarter and they know the use of technology well. So when an old guy from a rural area sends his boy to the bank to do some stuff, he does it on his smartphone.

So, going cashless is absolutely safe and fruitfull though it will take a little time.

Hi friends,

In my opinion, digital payments are beneficial to our country. Also carrying of huge amounts of real cash are not a secure way. If we use plastic money with the secret codes, that will be the easier way. We know the less awareness of digital cash by people in rural areas is a little bit problem while establishing this project. There should need to bring out the pros of this new ideas. That must do through medias like TV, radio etc.

I think that are more familiar medias that using people in rural areas. There already had some steps by our government. That are good way that need to appreciate. While bring the illiterate people to the real world there should have lots of changes. I expect the urban people will accept the cash less transactions because they are literate. They should initiate steps to make aware on illiterate people.

We know there should have some initial problems while make some new ideas to practical. This is one kind of such idea. Gold is melted through fire to get beautiful ornaments. Such a way there should have some negative impacts also positive aspects. When making the negatives to positive thoughts there should have positive results. By taking these positive thoughts digital India will give you a bright future.

Yes, I think in many ways this digitalization is very much secured as our growth rate compared to all other developing countries is far better in all prospect. Only think we have to take care is that to be updated with our modern society and give more concern towards literacy and technology through which we can not only accept this digitization but also make ourself much familiar with modern changes.

Digital payments should be promoted in the country. People are moving forward nowadays as technology is improving even in temples in villages people are started using Paytms. And now with more secure encryption and providing more base knowledge and awareness to the people. We can promote digital payments in our country.

Hi, India is a developing country and most of its income is from agriculture making everything in digital payments is tough task. In some places of India people are still living without current and facilities provided by government in such conditions we cannot go for digital payments, of course digital payments avoid curruption and saves time but it needs little education. In metropolitan area it is better to make use of digital payments so that in future the idea and benifits of digital payments come in to existence.

I think digital transactions are more than secure enough and good enough for the Indian economy to go cashless. It will help people in a big way. The only problem with the digital transaction is, is that lack of awareness and attentively of people living in village areas. And for that we know when such a revolutionizing change occur campaigns are made to help this people, so I don't think there is any kind of "secure enough" problem for online transaction people just need to be a little bit attentive while doing this transaction so it is really good to go on cashless it will increase our country's economy too.

My opinion is that it is right. Because if India goes for digital payment then the people easily transaction their money safely. In this way, Government receives some amount of tax and people save their time.

Hello, everyone good morning one and all I admit for who was share about this topic.

And I am also sharing one thing to all.

Let's see Indian people are means more ratio even educated people also how to use banking card through online who comes from native like villages and semi skilled persons so my advice to govt first take a subject about this digitalisation and put some invest to distribute respective card s and etc for what we increase in our India, that we will be learning to them practically then they will use next time safely and so securely that's all about. Thank you.

So yes what you actually think is digital payment secure enough to be used?

What I feel is like India is the only country where the flow of cash in thy economy is most. Due to which people try to save more instead of investing or using it. The perception is simply like save more not invest more. We should try to look from every perspective. People in India fear to use their ATM cards they feel like what if something went wrong. So there is a need to make awareness about the online payment and other possible opportunities so people would try to spend more in the cashless transaction. At last, I would like to conclude that this will also encourage in less corruption there is a limit as well and if you are doing any thing wrong then data is there which can also be used as a proof too.

Digital payment means transferring money as electronic money. It is a good idea to go for cashless transactions because it decreases corruption and black money. Otherside India's literacy rate is less so they cannot understand about digital payments and they cannot afford money to buy smartphones and the internet.