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

As my point of view, digital payament is very good because its convenient for India users but one most demeit for village peolpe becuse most of people no enough education about how treat the digital paymnets or online transation so first be need educating people than do the implementation the digital.

From my point of view, digital payment for not secured. Indian government have to make some high level security for the online transactions which helps to reduce the frauds and people. Can use digital payment without hesitation?

I would start with an example of one of my friend who lost 30,000/- of his cash somewhere just a few days ago. And guess what, he doesn't even have a bank account. This situation for him would not have arrived if he had a bank account and cashless economy system.

I agree that there are some disadvantages of the cashless economy also, but what I believe is there are some pros and some cons for everything. Instead of keep boasting about cons if we work on it, the things will be great and it's the responsibility of us, the youth, to make the illiterate people aware of this things.

In my point of view, digital payment is not secure until or unless everyone got to know about this thoroughly because there are many rural areas where people do not about smartphones, how to use them, what is digitization, how to make payment online and all. So until each and everyone is not aware of these things digital payments is not secure enough for the Indian economy to go cashless even though it has many advantages.

At first educated people should starting using digital payments, if we educated people to start using then we can bring awareness to the people around us, why people around us lets start from our home. If we start from home then slowly it moves from one house and from house to every people. We need to create awareness among people through newspaper and through the pamphlets and we need to move our country towards one generation.

Yes, I agree nowadays India goes to digital marketing. The need for the cashless economy is that every shady transaction that is left unrecorded will now come into the picture making India one of the fastest-growing economies in the world.

Cashless economy is needed to reduce the taxes that are charged by the government due to the lack of funds in the government bodies.

My name Avichal,

If talking about the digital payment then it's a good concept for India go toward the digital India.

I have been using this digital payment since 2 years. There is many advantages of online payment time required for payment it less also we will not have go to the bank and make a transaction and stop the growth of the black money. We directly prevent the corruption and also we have a smartphone then we easily make digital payment.

Thank you.

It's quite obvious that our economy are not prepared for complete cashless whether in terms of infrastructure or d depth of literacy.

But at the same time dive payment is d need of hours nowadays so our government must be made the balance b/w cashless and cash. And at the end of the day result could eventually be seen[Le-chandeliers principal].

Yes, I agree with that digitalization is a good step towards an economy of a country because it saves the time of people. As we hear many cases of robbery which can be prevented by using digital payment mode. In starting maybe it is difficult for some people who don't know to operate digital payments but young generation knows it well and in coming future, all people will know about it. Also, people don't have ro rush to bank or atm to withdraw money by using digital payments. By using digital payments paperwork can be reduced which is good shine for Indian economy also the fuel wastage in going to atm or banks can be saved which is a good sign for the economy of a country.

Hello everyone,

Digital payment in not a good concept at that time because many peoples are not know about the digital payment. In rural areas most of the peoples are not understand the digital payment, at the time of demonetization many peoples are suffered because in rural areas the vendors are not accept the digital payment. In digital payment the most important thing is the good internet connection, but in every where connection are not good. Some of the peoples are not know who to transfer there money through internet.

Thank you.