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

According to me, cashless transactions will be implemented by ourselves only, how it means, mostly every home in our country have at least one educated person in their home, so they should explain the advantages and using of cashless transactions to their families.

And instead of giving unusual advertisements should give, the steps to use the cashless transactions.

Strong foundation will give a good result. So the government will bring the awareness of cashless transections from schooling by providing lessons having digitilized India. This will leads to protect them from security problems evolved in coming future.

Going cashless is basically like two faces of a coin, having both its pros and cons. Going cashless means our government will be able to check on the amount of money transferred, the transactions can be checked and hence, better control over administration as well as finance. But in the meanwhile, going cashless would make the person go vulnerable as there are many out there waiting for just an opportunity to hack into a system and steal the valuable information. The best way is to provide awareness and education regarding this and providing better security. Only then people shall be sure enough to have their transactions online and go cashless.

Hi, my name is Kamesh. I would like to say that digital payment is the secure system to go for cashless India. India is developing and the cashless economy will help tremendously in the growth of our country. Black money system will go away through digital economy. And if talk about the learning of this system, it is very easy. India is the country of creative minds and Indian are always ready to adopt the changes for personal answer social growth.

Well, I say the more we are increasing our usage of digital payment the more hacking attack we were listening day by day recently we saw the group of hackers hack the IT sector system to whom we are giving our digital payment details and from whom government had satisfied us about the security of digital payment and they were hacked by some other person so how we say that digital payments are safe government take some serious action for the sake of safety.

According to me, its a bold step to implement on the country like india, we don't have proper Internet speed. Half of the population don't have bank accounts and the one who have most of them don't know how to use it. And safety issues are always there.

First of all, the thing we need to understand is that nothing is safe in internet. The thing we can do is taking preventive measures. As to talk about secure digital payments, the mode of transaction is safe upto an extent but the thing need to remind is preventive measures such that don't share your otp passwords and etc.

What I believe is, this digitization of payments has recently been adopted in India. Talking about security issues, it takes time to improve things especially when it is to be implemented for mass, but what's important is an initiation of digitalization and adaptation of it by common people which was the result of demonetization. Security issues will be rectified anyways when digital wallets like Paytm, Airtel Pay & others will compete in themselves to attain the trust of the customers so that customers use their service. In India still, there is a major chunk of people who would not change or will not adapt to change unless it becomes a need. That's what Demonetization did. It created a need, and common people started adapting it and using digital wallets, as it was difficult in early demonetization days to withdraw new currency notes from the bank as cash.

I take it as the side of coins as an India is a country of farmers and lots of people are below poverty line. They cannot afford to have smartphones and all to make payment digitally. They are not having bank account also.

On another side, digital payment is a good option for people of the cities as it makes work faster and no need to go to the bank and withdraw money. Money is secured from the thief all people will keep money in e-wallet so the chance of crime is reduced to the greater instance due to the digital payment.

This is an opportunity for people who are not known to the mobile facilities to learn payment and side my side in free tin=me the can have the youtube surfing and can enjoy or gather information of their choice.

From my point of view, digital payments are secure enough for the Indian economy to go cashless but if we compare the educated and the uneducated people in our India. Uneducated and rural areas are more so if we go cashless the most of the rural people will suffer and also there is no digital payment related things in rural areas. As we all know that after Demonetisation all the politicians and rich people are safe but only the rural people faced so many problems due to demonetization I would like to conclude that before going to be cashless government should take some steps to educate the people about the digital payments. Thank you.

Nobody can witness the security behind a certain decision. Before taking an action the government should help to learn those who even don't know how to operate a smartphone, and also there are people who have cell phones but no internet available. In this busy life no one even cares for each other then there is no point to say that literate people go to the rural place and arrange a study camp for those people. India is full of middle-class society they want to save money by not taking the internet connection and even bargaining at the shop this will not be possible when India go cashless.