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

Hello everyone.

I am Namita.

Digital payment is really good for our Indian economy but other point of view it is soooo much risky because now a days soo much online fraud are done earlier. Many peoples are doing online transcations so because of online fraud many peoples get loss soo digital payment is good as well as little much bad also.

Yes, we can say it is safe to do online transactions for Indian economy but not fully because till now our Indian cyber cell security is not strong enough. And also in India, peoples are not so much aware of online transactions. Because of increasing population of India day by day unemployment is also being increased and this is also a big increasing problem in India. Peoples with high qualifications like engineering, graduation are becoming unemployed, they do not get a job because of high competition and less opportunity. So, to earn money they use their mind in negative ways, they fraud people, they make peoples idoit to get their passwords and necessary information related to their ATM card. And in India till now peoples are not so much smart to understand these fraud activities. It is also very necessary for a country to do cashless transactions and also motivate their country people to go cashless because it will lead to the development of the nation.

Finally, I would like to say that at some level India is developed enough to go for cashless but till now we are not so much strong enough means our cybersecurity to stop all such fraud activities and it will take some to become smart enough for us to understand and save ourselves from fraud activities.

THANKYOU.

Absolutely, its a brilliant go cashless, and also if the government restrict the digital payment banks up to some standards. Because with a single click we are sending money here mobile num plays key role if we submit our mobile number entire bank details comings, so govt and users should aware of these to avoid any frauds. Otherwise, idea was superb.

Offcourse, digital payement is helpfull to increase the growth of India and increase the repotation of Indian market among the international market. But it needs to be agreat change along with the life style of all category people, first we have to ilterate the people who is living in the village area becouse 48% of indian's population are living in villages and an good implimentation must be need for this digitelisation and must have a good security for save the large network.

At present, mobile phone has become part of our life, so why not use it in more innovative way to pay money as well.

Our topic is 'digital payment are secure enough' than my opinion is yes it is secure enough' to go cash less but yes if people using it are not aware enough of loop holes from where they can cheated by cyber experts than it will create a problem, it never means that system is not secure but need to aware Indian economy about the ways how they can be cheated in 'digital payment else chances of theft is there in even cash payment also.

Cashless transaction is good option for sending or receiving money without any further formalities. This is basically a secured and time saving way for sending money. It is widely used these days in India because this is priority and dream of our PM and also it reduce the black money crises from the India. It is also used in villages where youth are having knowledge about transaction through Paytm, ATM transaction are usually done by the peoples. It is very secured way but with limited deficiencies such as transaction failure and money get deducted from the account, hackers also deducts money from the account by saying that ATM blocked by the bank and the customer have to share all details from issuing/reactivation of ATM Card.

While it comes to digital payments there is both advantages and disadvantages.

When we go to advantages. It is a cashless technology. Don't need to be afraid of theft. Where ever you go. There is no necessity to take cash everywhere, an ATM is more enough to save all our money.

When we go to disadvantages. Old age people are not aware of the technology. Most of them don't know to use such technology. When we have Hackers in the stream of Technology. We cannot give guarantee to ATM.

According to me, it is a right step that taken by our government. We all know that India is a devloping country and so many youth are in this country. So every youth come ahead and learn this thing to people of some rural area by some activity. If we want to change in our country than first of all we have to use it first than and than cash less process will be successfull.

Hi friends.

To my opinion the cashless would be a good thing for our country, because as we go more towards cashless more our country will be corruption free, it is more easier method than the hard money, we can pay our electricity bills, water bills by just on one click no need to go somewhere and it is a safer method than hard cash in your hands, also you cannot carry a huge amount of hard cash, it is difficult to carry and less safe.

Digital payments will lead our India more towards development of people. Through digital payments, people do not need to give any explanation to their money because all the money will be white and tax paid money and moreover people of rural areas will get to know about technology how it works.

Thanks.