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

According to Qualcomm an American chipset maker the digital payment systems used in India are not working on a safe hardware system. So there is still time before India goes completely cashless as Qualcomm is planning to integrate with Indian companies in order to provide safer digital payment systems.

In my opinion, Nowadays payment is used everywhere and carrying cash with us is risky as well as handling it is difficult. Instead of this if we use cashless payment we can easily make payments but coins have two sides in online payment some frauds occur but we can improve security and move towards digitalization.

The problem with digital payments is that everyone doesn't have any change nowadays. It is like if I don't have my phone, then I cannot do my transactions. It is making us dependent on technology.

Hey guys,

Digital payments means transaction for money online means you can send money with internet. And definitely it is good idea to cashless. You don't have to stand in long queue which is you know time consuming and annoyed. And it is very easy to go cashless and you can send money within a minute.

I feel digital payments is the next step for the development of our country. We need not stand in atm queues for the money as well as theft and burglary doesn't occur. We do not have to carry around exact change for the purpose such as in markets etc.

As far as this method to be real success people should be educated about the system and should be made aware of the cons and pros of the system. Change is always good for the betterment of the nation and its development.

There are many pros and cons of this technology, In my point of view that the digital payment and cashless economy has many advantages like payment of tax, online shopping, fund transfer etc. In the case of Union Territory of Lakshadweep and other such remote areas are too weak in the field of Information Technology and Internet facilities (Still in 2G Data Speed). Therefore the best internet facilities are to facilitate in all the places of India, rather than the implementation of Digital payment system and cashless economy. Then only we can cope with all the aspects of the Digital payments and cashless economy.

In my point of view, digital payments are secure not enough because it is new to us and people who are using digital payment are less and awareness must be created among the rural people so that it can be used effectively and to add a point on it the security must be provided by the website in which we transact and it's must not be easily hacked.

Going cashless and being secure are two different things. The Indian government has taken a good step towards digital payment but on same hand it should take proper steps to make people aware that digital payments are totally secure. There are people who think that they would loose their money by digital payments.

Hi guys, in my point of view, digitilization is good for our country because time is very important for the youth and this campeign save our important time and if our country will be digitilized black money can also be avoided in this way economy of our country will grow up.

Nowadays, the digital payment is good and secure. But in rural area literacy rate is low and their people do not know how to use payment method. And also who knows that payment method is not purely trusted on digital payment. So, first be aware them to how to use and how it's secure.