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

Hi friends.

As we all know it's the biggest & initiatives step taken by our prime minister modi. It's the 1st step for make in India or digital India. As I also supports this payment process. But there are some problems for the people who don't know about how to transact or purchase by pos machine & how to operate the Atm also. In India so my people are don't know to operate the computer. Basically digital payments are occur in online. It's the hassle for people who don't know. So government should take initiative for this cash transaction process. If the government do this then the corruption become lower in our country.

As India is a developing country, digitalisation helps in growing India to become a more powerful economic country. But there is a lot of problems associated with it, in one of them is security. Nowadays lot accounts have been hacked. It should be provided more security so that people can able to put trust and go for it. And the second one is illiteracy, In many rural areas, people don't how to read and write. How can they go for it?

So they should be provided proper information and awareness of it. The Third one is, we can carry more money with us, In this point of view, it helps a lot.

Making cashless payment is a good think for a country economic development. But at a same time our government has to consider the difficulty facing by the uneducated people. They did not know the base for cashless transaction. So our government has to take some steps to teach about the usage of swippinh machines how to open account ina bank etc. Then only we reach our goal corruption free India. The main thing we give importance to cyber security for example 1. We should no share our password.
2. Regularly change the password.
3. Without bill should not buy any thing.

In India mostly many of them are in educated first we have to give importance to this problem. If every one is educated our country will develop automatically. Without making the base of the building if we create the wall there is no use.

Hi Friends, According to me the digital transaction is one of the best and secure way to exchange or transfer the money because it's avoiding the human cheating. One of the best examples is students scholarship and former money which is passed by the government.

1) The Earlier government was transfer students scholarship amount /former money into the third party or their organisation accounts, after that students /Former required to give some part of their amount to that 3rd person to clear that scholarship amount or money, as it was illegal. But due to digitization now a day student/Former can get total amount in their own accounts. It is just an example.

I know it's some difficult for the uneducated people to operate digital transaction but if we see day by day including the uneducated people like former also using smart phones, WhatsApp, Facebook and YouTube etc. So I don't think so its difficult to learn digital transaction as its similar as ATM withdrawal machine.

Thank you friends.

I think the answer is 'NO', because the recent report submitted to parliamentary committee tell clearly that our current digital network is not able to withstand the upcoming cyber attack. We have to implement. The change in digital infrastructure from banking and gov sector and then implement to the public life.

Hello, everyone.

Here we are discussing the security of the digital payments, whether it is good enough for our economy, In my opinion, the digital payment system is essential for a developing country like India. Related to its security I am using digital payment systems, till now I don't have any bad experience. But there are cases which arise in many parts of the country regarding the security fault. It is very shameful to a developing country like India. Just because of these reasons or incidents we cannot say digital payment is not apt for our country.

The world is growing day by day and we have to go with that fast growing world. I admit that in India there are illiterate people, those who don't have a bank account, but we the literates have to take care of them and try to make our country a fully developed one. For that digital payments will play a vital role. Cashless economy not only helps in over come corruption but will make our country to a developed one and place us one amongst the power full countries.

Hello friends,

As per my opinion, the digital payments are secure and it is the best way of completing the transactions. But, when we consider the digital payments as an option to go cashless, then it is not possible for the Indian economy.

Before completely relying on digital payments, we should not forget that it is not possible to get the internet access easier for the people living in villages. If internet access is made available, then also it is not going to be an easy task for the illiterate person to go through the process!

Hello friends,

Our country is currently going towards to become cashless and it is very much important to aware the people who do not about it. It decrease the chances of robbery and losing the money. It assist us to transfer the money through mobile and we can fill many kinds of bill such as electricity, water and can book the railway tickets and other transportaction tickets. It helps us lot to secure our money and its time to patronize the people who are not aware of it. It is only possible by floating awareness program among the people. From the last month some states of our country taking steps to be cashless specially in the rural area's.

I think its a good idea. But nowaday India is developing country. If we go cashless it help people to reduces there effert in banking and types of money tranfer. It is good for the people for cities or urban area.

But we all know we have large number of people we belongs to rular area and they don't know how to use technology. Our letracy ratio is quite low. Even most of people of villages don't hav bank ac.

So first of all if we want to go cashless then we hav to focus on improving litracy ration of people. We should also runs some kind of training programe and by means of social media or television we should go throught seminars on Cashless economy.

Along with that we should also focus on privacy and security of digital system. As we all now hackers are exist and they can steal the money from ac. Of innocent people.

But finally by all means it is fabulous ideology and it will improve the today method and life standard of people of our country.

Thank You.

In my point view, every coin has two side that is head and tail so in this way we can say digital payment secure enough for the Indian economy to go cashless or not we if think about digital payment we should aware about website and our website should be a more secure and now we heard about the ransomware viruses such type of marvellous could danger for our digital payment system so my point view we should go with digital payment but we should aware about the type of think we secure about stolen money.

Thanks.