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

Digital payment mode are the mode to the transaction of money but the main thing about the mindset of common people, they fear about e-transaction, a misconception about these are if money gets bogged during the process they will loose it this may be due to lack of process knowledge or they don't want to change. But apart from all these go towards it virtue.

Digital payment is concerned with the act Digital India which is initiated by our government Narendra Modi with the vision to transform India into a digitally empowered society.

It is a way in which payment is made through digital mode and we don't have to carry cash when we want to buy anything and anytime.

As in this modern era, everyone is getting inclined towards the modernisation and no one wants to follow the old tradition this is also obvious because technology is advancing day by day. So digital payment helping us and our country in modernisation.

If we talk about the security for the Indian economy to go cashless I think it is more secure than before because here no cash is involved so no risk of the thief and it is more convenient and transparent mode and here transactions are completed in a shorter time.

So we can say it is more secure and efficient for our economy which helps in increasing the growth rate of our country.

Hello, friends.

In my opinion, the cashless economy will definitely help in the development of our county. But when it comes to the security of cashless transactions India is not a much-developed country and a large population of India in not fully aware of the process of Online or cashless transactions even the educated people sometimes hesitate in an online transaction.

So before making Indian economy cashless a proper knowledge should be provided to the peoples. And most important points are the points they must not do to make their transactions secure. These points must be focused most.

Yes, this is right because now a days thieves are roaming here and there so if we will pay our amount in the way of advanced technology it is very secure for us. We should not keep large amoumt of money in our pocket. These way of paying amount will measures the GDP of our country, and these way help us to breaks the corruption from our country. These are my point of view if I had say any wrong points then excuess me.

According to me, it is not secure because for digital payment we need internet network. But one can not provide 24 hour of network. Because so many physical reason that can affect the network like storm, earthquake etc. Which leads to the sudden put off the network. So it is necessary to have cash in pocket to secure the payment in these condition.

After demonization digital payment mode take a revolutionary change and its playing important role in growth of our country but everything has two sides dark side and brighter side so I believe digital payment is secure if follow some guidelines and make payment through trusted brand nowadays email frauding is in trending so first we need to aware people how they can secure their money.

It's a little bit difficult to go cashless in todays life, but the scheme run by our honourable prime minister that is prime minister digital saksharta abhiyan acc to this people of rural will be making digitally literate, this is the major step to go cashless as we know that digital payments are secure for everyone.

But the only thing is that the cashless payments very difficult to un-educated people.

Yes, this is the great privilege to public for cashless payment. Nowadays public getting more difficult to carry money and getting money from the bank is too difficult. So, cashless payments are very secure to public.

Yes, they are secure and we can go cashless.

Only in metro politan city but when we go countryside it's very difficult.

And also India's huge population is in the village so it's bit difficult at present to go completely cashless and it should be done it takes some time as everything should go step by step.