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

According to my view, cashless economy is important because it reduce the block money scams and robberies.

It is possible when India literacy rate increased, for this government should take steps to increase the literacy rate in India.

I think no. Security is the main drawback for the digital payment. If I talk about Indian banking system, mostly private bank are secure also some government bank but some are not secure this type of bank needs to strong their security in terms of online banking unless their customer may face problem.

Yes, digital payments are more secure and convenient. Through digital payments, we can save lots of time and do lot more like check last transaction, balance, money transfer etc. People will gradually know how to use digital ways. The government should take initiative to form a committee or organisation which will educate people about digital payment. In a long way Indian economy will go cashless.

Thanks.

Yes, digital payments will be secure for the Indian economy. The time will be saved and also it will help to the development of the country. From this person will also learn something new and will be a great advantage in problems such as robbery and carrying of cash. Also, the rural people who are unaware of the using the digital payment will be able to learn and it will be a major step for the development of our country.

Hi friends I am Sumit, go cashless is step towards to make country developed, but literacy rate in India is less for that we also have to create awareness about digital payment and educate people about how to handle digital apps. Due to digital payments robbery rate reduce.

Thank you.

According to my view, it is a great step but government should control the loop holes in the security system.

And all banks should give a proper information and educate the people about the cashless transaction.

Than India became a really cash less.

Thank You.

Hi friends, I think cashless payment like Paytam etc are more secure and very helpful for people as well as it has more benefits like in the least time we can spend a lot of money and purchasing online goods and done payment of many types of bill like electric, dth etc. It decrease our pollution in an environment many way like no fuel wastes no paper waste and no problem of changes. As well as a man which not know how to use digital gadgets he try to understand this after some time he uses this way of payment very easily.

First of all, thanks to Shri Narendra Modi Ji for taking a move to ban the notes.

So moving towards our topic is digital payment is secure or not?

So I my point of view digital payment is not secure in our country.

Because according to American chipset makers the device like mobile in India is not secure because they not possess quality chipset which are required for security.

Only computers and hardware have secure chipsets.

So as our prime minister told that help 10 people every day by giving them knowledge about digital modes of payment this is very good thing which our prime minister told.

But.

As you know "MONEY IS GOOD SERVANT BUT BAD MASTER".

The person who has not known anything about digital payment can easily cheat by the person who as all knowledge about digital payment.

Person who is well aware by online payments can easily get login id, password and most important thing that is mpin which is used to do digital payment of the person who is not known about digital payments.

Even the president of developed country America Donald Trump is using courier service for important documents exchange rather than using online mail service because of fear of hacking.

Hackers are the major problem in India and as well as all over the world.

Online scams, fraud are main problem which India may suffer at the time of online transaction.

So, India is not secure for doing any online transaction and go cashless.

Yes, but not now because there are lot of corrupted people in our politics and in our society. People in rural areas mostly are illiterate and they don't know how to use digital payments. If government concentrate on this problem, it will be very helpful in developing our country and one more thing, digital payments are not secure because of these corrupted people, they can easily hack the servers. If government provides enough security for this, we can make India as digital India.

Hello, everyone.

In today's world, digital payments are safe, secure and convenient for the Indian economy but only if our literacy rate is increased. However, this is not possible instantaneously all of a sudden to meet the present day scenario of digital economy.

So govt should take measures to educate and create awareness among people atleast for the basic transaction. Online purchases, etc. In addition to this, people must be made aware of the discrepancies if they are not cautious. For example like disclosing their passwords, account info, giving fingerprints unknowingly in apps like Bhim, will arise security concerns.

We (the students) must also support the "young India campaign" to make digital payments secure. Every person must take there stand.

Govt should also introduce digital portals in local languages like Assam govt did. So common man can understand how to go cashless easily.

Govt should also take stringent action against cyber crimes, cheating of illiterate person.

By taking proper measures for illiterate people, digital payments are mostly secure for the Indian economy.