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

In my point of view, digital payment is somewhat secure enough for the Indian economy to go cashless because many people who are exempt from paying the tax would definitely start paying all the taxes in time and therefore black money can also be reduced at some extent. All the transaction will be done in a short interval of time if digital payment would become cashless. In some extent, it also helps to improve our economy development.

There are some drawback if the payment would become cashless because in our India, those people who are uneducated will suffer the most if they didn't get proper education to use cashless transaction because anyone can make them fool and can cheat them, but if there would be a genuine or a truthful person who will teach them, then definitely the digital payment is secured one.

Yes, it is secure if we are using proper digital payments softwares or applications that is authorized apps, government apps nationalized banks payment apps and otherwise is little bit un secure if we using not proper applications that is unauthorized app is not secure because they may be hack easily by the the hackers.

Hello friends!

As everyone said govt should take care of securing personals of an individual. But certainly nowadays we can see everyone owning smart gadgets according to their interests. My point is literacy won't be the problem because even we din't know how to use those advanced gadgets but now we can do whatever we want from home, even a kid knows how to use search engines. So, in future when India entering into pure cashless economy everyone will be knowing everything to secure their personal information.

According to my point of view, this is not the safe mode of transaction in India. Because in India, the condition of cyber security is very poor. But now situations are changing. And we can say that within next 2-3 years we will become secure enough. Other one concern is the less educated population in mainly rural areas and senior citizens, they are not aware of digital transaction properly and also do not want to know actually. They think it as a headache. But this is also a point that if we want to compete with developed nations we have to change our old habits and to adopt digital payment. Because this is beneficial in suppressing black money and eliminating tension of carrying huge money for shopping, deals etc.

Yes, I agree digital transactions makes a great improvement for the Indian economy. At the same time, we need to remember that there are many Indians still who don't know even to recognise the numbers. Hence the currency notes in India will be in different colours so that people can recognise with colours.

Hence digitalization can be implemented at higher level money transactions. And going complete cash less creates great problems at the present situation in India.

Yes, this is secure because our govt give us security for online payment and for online payment there are various steps, this is good but hackers always find a new way for hacking customer privacy, and they do this so I think that we should devlop advance technology for securing an online payment.

Hello everyone I think digital payment is important for progress of developing country like India but if we think practically then we will find that most population in India belongs to semi urban and rural area where people in today's are far away from technology use so for Indian economy to go cashless need more time so that necessary education regarding digital. Payment should be given to people who don't know how to use online services and even many people are still not in touch with the bank they don't have any bank account and if we see today than there are many hackers attack in India and European countries which are a topic to worry about.

Hi Friends, according to me, digitalisation is more secure as it reduces the chance of robbery and also it provides.

Secure transaction and also makes it impossible for the hackers to know the transaction details. But it has many disadvantages also like some rural people do not know about the digital payments and usually prefer to go cash system.

I think going cashless is a good idea because digital payments are more handy and effortless. But we should not ignore the fact that digital payments are not that safe and are subjected to some sort of risks. Therefore, necessary action should be taken to make online payment portals more secure so that we can go completely cashless. There are pros which are considerable like less time consumption, flexibility. Etc but still it will be a problem for people in rural areas. So to spread this concept, the government should help people so that in near future, people will prefer to go cashless when they find it easy and flexible!

Yes, Because nowadays there are a lot of fake currency present everywhere in and around India. Digital payments will be one of India's best development feature. There will be no bribe, no fake currency, less robbery etc. Digital payments have already taken place in a lot of cities if we want to bring digital payments right from Jammu & Kashmir till Kanyakumari, then we have to advertise it in daily newspapers, social media, televisions, roadside banners etc. We also have to advertise it in all the rural areas and bring out the benefits of it and provide government banks and ATM's in all the small and local villages. It may take some time and effort but trust me this process will take INDIA to the next level.