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

In my opinion, digital payments are not enough to secure for the Indian economy to go cashless because we have not proper infrastructure for this initiative. In lndia, nowadays lots of hackers hack bank accounts and other important credentials because we have not a proper infrastructure to handle this type of fraudulent instantly. In India, lots of users are not much aware of the security features of digital payments. It's a big challenge in India to aware about the security features of digital payments.

As we all know digital India is a motto of our government For a developing country it's essential too. It helps to eliminate tax evasion and this will increase our country's GDP. But before that, the authorities must ensure that it is safe and secure. Whether it is affected by fraudulent activities such as ethical hacking or not. And it is also essential to educate the public about digitalization.

I think our government should take a further big step towards cashless economy but before doing this our cashless system needs to be Anti-theft and hackproof. Government being proactive should make the system more secure and well-planned structure.

According to me, digital payment is secure and it is very useful for the economy but it can not helpful all Indian because 90% people don't know card payment and how to use internet banking in India. Some people think that their account will be hacked by other people and withdraw their money. Before going to digital payment teach those people how to use card payment how to transact through net banking safe and securely and change people thought the process by teaching them how to use digital payment then India can cashless.

Thank you.

Hello friends.

I agree that the digital payments help to improve the economy in many ways as we discussed above like corruption, terrorism, tax evasion, etc but my opinion in this is in a developing country like India. It is very difficult to go cashless because around more than 70% of the Indian people are farmers, labour and illiterate so in this situation they are not aware of the digital payment even the scared to think about the online payment most of them does not have bank account so it is not possible to such kind of people to use debit cards or paytm while making a transaction, they all are dealing with cash. Yes, it will be possible after educated the people to improve awareness among the uneducated people and for this govt should have to start awareness program and promote the cashless payment just like the programme promoted by Vidhyabalan in which she encourages people to use a toilet. After that, it will be possible but it can't possible instantly for now I disagree to go cashless.

Hello, Everyone.

I think this is very important and interesting topic also for us. In my opinion cashless digital payments is very good technique for save to time in busy life but we knows it is difficult also understand those people who is living in rural areas so that they are not well educated so government should aware to citizens for take this benefits.

Thank you.

My opinion about this for digital transaction first and foremost thing is that everyone should be aware of digital payments so far the government should take all the possibilities to know about the digital payments.

Hello friends.

Yes, according to me, digital payments are secure enough to go cashless because if everyone becomes cashless then there is no need to carry cash and everything is in your pocket.

And second thing if everyone become cashless then no one can evade tax.

And we can make payment anywhere anytime.

Digital payments is a great step to boost up Indian economy and It encourages unprivileged people who are illiterate like daily labour, a rickshaw puller, vegetable vendors to get some knowledge. And due to demonetization and JIO free internet, we can easily see that these people are using smart-phones and selling their goods and providing services through paytm etc.

So, these things itself creating awareness for our illiterate people and this type of awareness is the main step towards the digital security.

Education has no end. It's a great opportunity to learn more about our money security. Now we can know our every transaction of bank account number by installing app of respective banks. Like balance enquiry, mini statement etc. It saves our time also. We can purchase any items online at our homes after proper verification on items, rate, quality, brand etc. Only we have to know its security. Procedure to be promulgated to all. Not required to educate every Indian. Only the youth is enough for a house. Elders who are not so educated technically should give freedom and belief on youth. It will help our next generation become digital. They will definitely improve their life-style better than now. Thus India will go cashless in future.