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

Absolutely digital payment so mch secure. Because we youngsters mst be understand that we all are living in developing country. So here, If something happens new so it seems jst little bit strange. We are getting educated as well as intellectual that's why it'll take some time. . Bt it'll give positive response. And I think guys we mst be support it.

My dears.

As we see our topic is to discuss *whether digital payments are secure enough for Indian economy or not to go cashless. Of course, it's secure that's why we make digital payments but it also depends on how active and aware we are about security while making Digital payments for example whenever we are asked for save password while making digital payment we must check never save password also keep some security software so virus can't attack because virus don't only make our computer sick but also provide our data to whom who made that kind of virus. And if we face any problem related to security then we just can contact our bank.

So, finally, we know its secured to make digital payments for the Indian economy.

Thank you.

No doubt, digital payments are convenient, fast and less troublesome but the latest instances of cyber attack like WannaCry ransomware pose a big challenge to the digital india's dream of making India a cashless or less cash country. It is a forever process of improving our systems as the trouble makers are no less innovative than us. I think from being cashless it's better to be a less cash society so as to provide a support system in case a cyber attack happens.

Hello.

Even though the digitization scheme has helped in shifting people from cash economy to cashless economy, however, it has partially failed in the security of digital payments while the hackers are on the look for loopholes to rob people. Govt should take stringent measures keeping in view the recent cyber attacks. Banks should take measure to educate its customers regarding cyber security and common man should change their passwords on a regular basis. Moreover, use of OTP or other similar codes may be used to ensure the identity of the person.

As we all know that digital payment to go cashless is the part of transforming India into a digital India in which everyone can make payment without carrying cash and that transactions can be recorded by both the individual and the government that will bring transparency in the system and remove the corruption.

Although, till the time all the citizens are not aware of it the speed of being India digital is good enough. People are very keen to learn to make digital payment.

Indian cyber security is strong enough as it could stand firm in the storm of even Ransome Ware where more than 100 of countries were affected badly by this.

Hello friends, It is a good system if it is being practised we may out of the home without any fear of missing at any time and we will be able to pay at any time. You may say about cyber attacks but it is in out govt hands to be precautious.

According to me. It is good that our country is going to be digitised which shows that we are growing, developing with modern-age.

But first of all, we should keep our stress on awareness in educated people and education in non-educated people because still there are many areas in our India in which people are not aware of. How to use digital platforms for digital transactions and non-educated don't ready to accept this change due to the non-educated background as well as unawareness respectively.

Of course, there have been some rapid changes in terms of the digital transaction after the demonetization. The govt has been only focusing on implementation but the after effects of the transaction can be crucial. First, there is string need to creat the software that is safe for people who are providing their people information. And realising the fact that half of the Indians are not at all friendly with this transaction.

Digital payments are secure. But that is not enough. We need to strengthen the payment system as it is still vulnerable to cyber frauds. The Vast majority of Indians are still not digitally literate enough to deal with payment system failures. Banking ombudsman scheme need be strengthened. ALSO CERT IN FIN mechanism also need be strengthened.

According to me, Going cashless is a step towards Transparency with a reduction in a probability of robbery etc. But as a developing nation there are many issues in its implementation like security, illiteracy etc, so for smooth execution of going cashless government has to the aware public more about benefits of going cashless and at the same time, it is to be ensured that data and money of user or industry remain in safe hand.