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

For a country as populous as India this question is a debatable one. If we say yes it is secure enough for our economy to go cashless we might be forgetting about the numerous hacks pertaining to data, banks etc which have been happening because of technological advancements. On the other hand if we say no it isn't safe we might be hampering the main reasons behind such an initiative of the government. A cashless economy reduces the risk of theft, gives the government better understanding of the cash flow in a system which further strengthens its tax collections and can ultimately reduce corruption.

Yes, it is a secure way to pay because all transactions are done online and create an evidence which no one can deny.

I feel digital payment isn't safe from the perspective of being hacked, but then if we could make an improvement in cybersecurity this would go hand in hand.

As most of the people in India are not comfortable of being digitalized may be because a few are unaware of usage, it would be prominent if you make a social awareness about the ease of usage of digital payments this would make wonder.

And yeah on a serious note misplacing or theft of money may also be reduced as a carry of heavy cash may not be needed all the payments are done in our fingertip.

No, I think digital payments are not secured because we are living in an era where all the countries are being forward to us in cyber security. If it is possible for a hacker to hack the NASA database than it would be pebbles for him to reach to our bank accounts, also in our country people are not so active on cyber that they can protect themselves from this threat. From my point of view when cyber payments are executing in our country it should be highly protected by Indian government Through their cyber cell. So that we can go cashless one day.

In country like India which is a developing country it is not possible to be cashless totally because of many reasons. Most important is even half of the population of India is totally aware of the Technology they don't now to operate smartphones nd computer properly so it take time to make cashless.

Hi friends, according to me, in India still cashless transaction is done successfully. But there are many more problems in a cashless transaction. Related to security, Still, India is not completely sure that the cashless transaction is more secure.

First and foremost, I would like to thank Our Government for this new step they have taken towards the betterment of all citizens as we are in juncture where everyday we have to learn and adapt and implement new things with the gadgets and gizmos to go by hand to hand without aprehensions, See you all must have understand that these machines are the most sphosicated if we know to use in good manner. I think everyone must have Flaw with this new digital achievement.

Hello,

According to me for every forward step, there are some negativities.

Now, coming to this topic "going cashless" means paying all the necessary bills by using a single button sitting button sitting at home.

But all the people doesn't know about this. So people awareness should be grown to increase this activity, especially in all the small towns. And the securities should be given much better without hacking the pages.

I finally tell that this is a positive step.

Hello guys,

A digital payment is not secure for India to get cashless because in India there are and many people who doesn't know how to use androids or computers. If they get some information about it, they start using it but there are hackers who can misguide anybody and loot their money. Nowadays cybersecurity problems are increasing and making digital cash is like giving our money to them easily.

Hello everybody.

As each and every coin has two faces so as this topic.

This "Go Cashless" scheme t is really an appreciable step taken by our Indian government.

-> Because it's making people digitized.
-> They are learning on the apps.
-> It's time-saving.
-> It's also maintaining the transparency between the government and the citizens, and working as a helping hand in reducing corruption.

On the other hand, apps which is most widely used for transactions " Paytm" is a Chinese company and we have a blind faith on it. Logging in means giving all your details to the Chinese shareholders. Now, if we talk about the future, maybe at the time of financial calamity like world war 3 they can withdraw all the money from accounts and may leave India helpless.

So, making India cashless by promoting Indian transaction apps is an immense need in today's world scenario.