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

Hi guys,

Myself Amit, in my opinion, going cashless is the masterstroke from our respected pm Narendra Modi. This policy has many benefits I agree there is some loss too but he's seeing the future what will be of India. Security reasons are there but after this it will b carried out, everyone knows we had max and no of graduates who can perform well if we transfer our money to anyone we have to b alert always where we are nd what we are doing because many websites gives you bribe of something so don access to such ads on net.

Yes, digital paymets are as secure as any other payment method. Digitisation of payments provide the accurate account of flow of money. Their is less chances of corruption and encouring people to use digital methods will boost economy to go cashless as their will be less hard money. These method of payments are very easy to understand ever less educated people can exercise it easily.

Good evening to all,

My point of view about this topic is, this digital system has both good and bad.

Every people is not well educated and even some people don't know to use the ATM cards in that case this digital system is useless only.

Money is the basic need for everyone day to day life. We can't use the cards in every places.

But this digital system was implemented successfully in every places and the every people are aware of this means our country fully digitalized and reach the higher position compare to other countries.

Hi friends,

Digital payments are boon to the society. It will make transactions easy a wipeout bribery, black money, money laundering from our country. Also, it is not time-consuming. It will also reduce manpower too. But it will be more effective if an awareness program had been conducted on cashless banking since there are people who do not know how to use mobile phones and ATMs. So a campaign should be conducted to make the people aware of this technique.

I want to say we all use the mobile wallet as much as we can, and use a similar m wallet that available all places, for example, we all should use only paytm wallet for our facility.

In my point of view, Nowadays digital payments are a most likely way to make payments. But due to lack of security and awareness digital payments are not safe and easy way to most of the people. Therefore now a days go with cashless is not as secure as payments is made up directly with cash.

According to me, digitalisation can be helpful to grow India economy but there are constraints that can affect common people. There are some peoples who live in rural areas have no knowledge about any digital schemes. So firstly we should aware common peoples about digitisation so that they are can make digital payments and can make India cashless.

There is one other constraint that we need to aware of it. We should use our special security tool so that it can make digitalisation more secure.

Hello everybody.

In my opinion, it is a very good and bold decision of a govt to make Indian economy cashless. There are numerous benifits of going cashless. But at same time security is big concern for it. So before making Indian economy cashless there should be high security that digital payments are secure enough. Secondly there should enough training and education to the people of India.

Yeah, I do support with the statement making every thing digitalized is quite easier way to access the things from where ever it is needed. But our government has to motivate and make the people to get awareness of Indian economy to go cashless that is govt should give some time period to make the people aware of this particular system by keeping the trainees near the banks and at the places where there is the need of cash to make the payments after giving the particular time they have to keep some dead end for the time period then after they should reduce the flow currency step by step and also they should not put the extra charges for the transmissions that were made through banks so that people may show interest in going cashless.

We all know that India is a developing country and as technology has evolved over the past few years, people have started liking cashless transactions as they feel worried of carrying a huge amount of cash. On the other hand, digital payments are not much secure as they comprise of passwords which may either be forgotten but the person or maybe someone has his account which may lead to loss. Thus digital payments are not much secure enough for the people to go cashless.