Are digital payments secure enough for the Indian economy to go cashless?
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2111 comments Page 185 of 212.
Amar maurya said:
8 years ago
According to my opinion, digital payments are the most secure method for Indian economy to go cashless because, digital payments are mutually encrypted. If you are paying on trusted websites like most of the eCommerce company's website, or institution's website, or any government website so your account will be safe.
But there are some obstacle in this process like illiteracy, lack of technologies, penury and most important securities concern. For initial three above mentioned problems government should provide better facilities like education, employment etc. The main concern is the security issue, due to which even highly educated and professionals avoid paying online-they even hesitate to pay on government websites so, what we would expect from less educated people. First of al, the government should operate campaign, advertisement and provide a list of sites which you should pay or not, to promote the online banking.
We can't expect 100% cashless economy but we can expect less cash economy that would be better for the Indian economy. At least people who think that they are educated should start paying online and also should promote it as an Indian citizen, not as a job but as a responsibility.
But there are some obstacle in this process like illiteracy, lack of technologies, penury and most important securities concern. For initial three above mentioned problems government should provide better facilities like education, employment etc. The main concern is the security issue, due to which even highly educated and professionals avoid paying online-they even hesitate to pay on government websites so, what we would expect from less educated people. First of al, the government should operate campaign, advertisement and provide a list of sites which you should pay or not, to promote the online banking.
We can't expect 100% cashless economy but we can expect less cash economy that would be better for the Indian economy. At least people who think that they are educated should start paying online and also should promote it as an Indian citizen, not as a job but as a responsibility.
(24)
BHOR SAGAR said:
8 years ago
Hello,
As per my opinion, Nowadays, India Will Grow in 21st century, with Developing nation to Developed country. It is bold step taken by govt of India Is more helpful for future development of Indian Economy and Global Economy of India.
It is possible that Each And Every citizen of our India should connect through the digital payment system for growth of GDP of our Country By Proper Campaigning And advertisement in news channel, newspaper.
If PM takes such decision for people will come in the flow of digitization for the digital payment system and control corruption, if 125 cr. People are coming ahead one step for digital payment then and then 125cr. Bold steps will stop the corruption.
As per my opinion, Nowadays, India Will Grow in 21st century, with Developing nation to Developed country. It is bold step taken by govt of India Is more helpful for future development of Indian Economy and Global Economy of India.
It is possible that Each And Every citizen of our India should connect through the digital payment system for growth of GDP of our Country By Proper Campaigning And advertisement in news channel, newspaper.
If PM takes such decision for people will come in the flow of digitization for the digital payment system and control corruption, if 125 cr. People are coming ahead one step for digital payment then and then 125cr. Bold steps will stop the corruption.
(26)
Syed said:
8 years ago
Well, As far as I am concerned that digital payment, is good step which is taken by government of India, It is time saving & also secure to all the matters. There is no tension of losing money in traveling and another point of view. The government should conduct awareness programme regarding digital payment, There are many types of person living in India they are not educated to understand. Govt. School & college is the good platform to conduct awareness program class without spending extra money.
(14)
Akshay chopade said:
8 years ago
Yes, it is a bold step taken by our govt towards change and we all have to accept it. But before taking it forward we have to solve the problems if a common man regarding this change. A common will always have doubts like,
a) Whether my money is safe in this system.
b) Who will take responsibility in the case if my account would hack in the future?
c) Whether my hard work money will get me return back if someone has done something wrong with my account etc, So finally we have to create awareness regarding this policy so that each and every citizen can use it without any doubts.
a) Whether my money is safe in this system.
b) Who will take responsibility in the case if my account would hack in the future?
c) Whether my hard work money will get me return back if someone has done something wrong with my account etc, So finally we have to create awareness regarding this policy so that each and every citizen can use it without any doubts.
(13)
Shinse thomas said:
8 years ago
Hi,
As we all know that the technology is growing up day today and it's a great task to be updated with the technologies. While considering the fact about digital payment I think it should be adopted as soon as we can it not only saves time but also helps in reducing corruption up to a certain. From that our economy can grow. But considering the whole India as my friends here said it will not be possible to implement this as a successful one because of the low literacy. So first of all awareness programs should be conducted, I'm sure that a certain portion of people will be facing the difficulties after that too. But their children or next generation will be useful with that. As far as security is concerned India must be updated. And then only the dream of digital payment will be successful.
As we all know that the technology is growing up day today and it's a great task to be updated with the technologies. While considering the fact about digital payment I think it should be adopted as soon as we can it not only saves time but also helps in reducing corruption up to a certain. From that our economy can grow. But considering the whole India as my friends here said it will not be possible to implement this as a successful one because of the low literacy. So first of all awareness programs should be conducted, I'm sure that a certain portion of people will be facing the difficulties after that too. But their children or next generation will be useful with that. As far as security is concerned India must be updated. And then only the dream of digital payment will be successful.
(7)
Palak said:
8 years ago
As we all are here for a discussion on digital payment secure enough for the Indian economy to go cashless. As we all know that in early time India was known by the name sone ki chidiya so to bring that day again we have to do some changes so we can make our India sone ki chidiya once again, digital payment helps in many ways like it saves our time and also contain our records for future use.
(4)
Avi said:
8 years ago
In my opinion, going cashless is a good idea.
1) Easy payment of bills, no queues.
2) No need to be worried about getting your wallet mugged up.
3) No theft of Tax.
4) No bribery.
And about being secure, If it is not up to to the mark then we can definitely improve our security system from the money which will be saved from corruption.
In my opinion this is the only way in which our system can be corruption free. As all the transactions will be recorded.
But do remember, 70% of our population is from rural areas where the internet connection is very poor and many people don't know how to use it so proper training should be given to them for at least a year. And internet services should be improved then only we can implement it.
1) Easy payment of bills, no queues.
2) No need to be worried about getting your wallet mugged up.
3) No theft of Tax.
4) No bribery.
And about being secure, If it is not up to to the mark then we can definitely improve our security system from the money which will be saved from corruption.
In my opinion this is the only way in which our system can be corruption free. As all the transactions will be recorded.
But do remember, 70% of our population is from rural areas where the internet connection is very poor and many people don't know how to use it so proper training should be given to them for at least a year. And internet services should be improved then only we can implement it.
(14)
Bipul Ranjan said:
8 years ago
According to me, digital payments are secure enough to Indian economy to go cashless as because in the modern technology era lots of antivirus protection software are installed in our mobile and personal computer system. We can easily do our transaction within a few seconds with 100% protection by hackers and we can do transaction from anywhere we want. Nowadays we have mobile banking and we can transfer money to any other bank account within a short period of time and also it is convenient to use. If we go cashless we could able to support our Indian economy and also it is benefit to raise value of our money. There is no wastage of paper and also no printing devices needed. I support the great courageous movement by our prime minister to go cashless and also to bring back the black money to our country. At last the need of the hours is to teach how to do digital payment and what are the benefits of digital payments to all those persons who are not aware about digital payments. In this way we can support our Indian economy.
(4)
Sukhendra said:
8 years ago
In my opinion, Digital Payments are more secure than the cash payment.
It is easy to use, using digital payments all the transaction are safe and the corruption is less.
It is easy to use, using digital payments all the transaction are safe and the corruption is less.
(2)
GITESH said:
8 years ago
Yes, the digital payment must be encouraged.
As we know that almost 60 million consumers in this country that are underbanked. They wait in lines to cash checks and to pay bills, it's highly inconvenient. A product like prepaid cards saves them a lot of time and inconvenience.
In this digital age we have an opportunity to transform lives of people in the ways that was hard to imagine a couple of decades ago.
The status now is not whether you are awake or asleep, it is whether you are online or offline.
As we know that almost 60 million consumers in this country that are underbanked. They wait in lines to cash checks and to pay bills, it's highly inconvenient. A product like prepaid cards saves them a lot of time and inconvenience.
In this digital age we have an opportunity to transform lives of people in the ways that was hard to imagine a couple of decades ago.
The status now is not whether you are awake or asleep, it is whether you are online or offline.
(3)
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