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

Hello, everyone.

In my point of view, digital payments are not secure enough for the Indian economy to go cashless because there are more security threats in digital things again compared to normal and our population of India more than 50% have no any idea about digital money even more than 30%. Have no bank account they don't know about internet then how can we talk about digital payments.

Even if the money is deducted from a normal person who is not well educated from his bank account he had no guts to ask the question why his money is deducted.

We cannot implement digital payment this way without all the people.

In my point of views, digital payments for the Indian economy don't make cashless because money by online easily transfers and easily withdrawn by using ATM. Digital payments find out all details about account and its main role to stop the corruption.

Yes, this is a good step taken by government but there is big issue of security. The BHIM app laughed by government is not any cyber security. Because 3 months like November I block my ATM card but BHIM app I doing transaction from only BHIM app. MY ATM card does not use any ATM, Online transaction except BHIM app. So this is big Issue.

Hello guys,

I am Zubair Hamid, in my opinion the step of digitisation has brought more of a positive change in our country than negative, because digitisation is a one more step towards modernisation and economical development, India is developing at a pretty good speed mostly when Modi Ji started to maintain things, but lets not forget the fact that our country has also some weird records when it comes to black money and black markets, getting digital will not only freeze such fraudulent organizations but will also revolutionize the way of living and our country will prosper with the passage of time, coming back to the dark side of digitisation, I do agree that almost some percentage of our Indian population including rural areas are going to face some problems regarding the usage of smartphones and smart apps like Paytm etc but in my point of view with the passage of time everyone learns to make his survival easier and more secure, in fact, everyone likes to be modern, so change is good but every change takes some time as well as effort to come into place.

It is necessary to discuss cashless transaction in India. In my point, digital payments are easy, as people need not wait for a long time in a queue for paying electricity bills, so on and safe, as there is no robbery of amount takes place. Also yes, there are so many rural areas, uneducated people. But, they can able to catch up.

Hello everyone,

According to me, Digital payments is secure and it is a good idea has taken by the PM, but it creates many problems for rural area people, who have not account in bank and they are not using any kind of card, also they don't know use any app for payment like Paytm etc. Because that don't know about new technology. In INDIA almost 40% population are uneducated so it's very tough to use these technologies. It's good idea to recover the black money in India but it is not possible to make cashless the Indian economy.

Hello Guys,

Firstly, we are fortunate to say that our nation is in corruption-free now due to demonetisation. Our prime minister has taken a bold decision to accomplish highest growth in economy, employment, agriculture, and many more. Demonetisation is a long term benefitted decision there would be a gradual impact on our economy.

But now a days, the payments mode happening through online or digital, it would be helpful for Digital India movement also, due to this cashless payment no need to maintain cash physically or by hand. Buying and selling, exchanging cash everything safe and secure. Every individual can make their payments via online with their own privacy and secure.

Merits:
1. Majority banking services would become easier.
Such as Deposit, Cheques, Withdrawing and all.

2. Make their payments and exchanges easy and secure with a single click.
Ex: Paytm, Ola, Uber.

3. Can manage huge amounts and carry anywhere we want, without any fear frauds and thefts.

Demerits:

1. Sometimes there may be a chance of occurring hackings.

2. Lack of Technical awareness. (lay people, poor, laborers).

3. Unable to get back the money due to network failures which have been sent to the recipient.

Yes, it is secure but not in very large scale. It needs more advanced technique to implement in proper manner.

Thank you.

According to my point of view, it is the good design has taken by the pm Modi. As all of us know that India is also developed the country. So using BHIM app whole India can do the cashless transaction over the cell phone. It is the very good design.

Hi everyone.

Digital payment is the best way for safe and secure payment but in an agricultural point of view, farmers has to face lot of hurdles in day to day life for his basic requirements. We need to considered a population of our country which clearly states 75%. Of farmers have fragmented lands, its highly difficult to implement it in the name of safe and secure.