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

According to current situation, it seems somewhat difficult to digitalized everywhere, because even in online payments there are so many hackers who can get internal information of our payment card, so firstly we have to secure some well-known sites for that, otherwise what happens, people from rural areas dot have enough knowledge about online transaction so they could easily be corrupted.

In my opinion, villages of India are not updated enough to do the cashless transaction, as a large part our country is village so it is not the time to start the cashless economy.

According to my view, digital payments are secured and how I tell it was secured. Nowadays we are indulging in a lot of cashless transaction, for example, electricity bill and water bill even purchasing in the petty shop. We carry out these transactions without any mishap. Yes, there is a flip side also in the digital payments where the cyber thread is a horrible one which threatens the entire process feel insecure. Moreover, without our concerns, there is no security thread will arise it is everyone's responsibility to keep their payments options are safe and secure without the participation of us.

Cyber law of the country need to be strenghtened and upgraded according to international standards. So, the online transactions will become more secure.

Yes, Digital payments are secure enough as they help in cashless Transaction but not every where. There are many people who are not aware of digitalisation especially in rural areas. So it is the responsibility of goverenment and every citizen of the country (educated people) to bring awareness everywhere about digital payments. It is not only the complete responsibility of the government but also the contribution of every educated individual plays a vital role in making Digital India. Regarding cashless transaction it is secure that many security options came into existence but technological developments has to still work on it to make it more secure.

Yes, they are the reason is as follows;

1) Any payment made offers the payer an OTP or an ID.
2) Payment transaction is connected through Indian commercial banks whom we can trust.
3) the Reserve Bank Of India further enriches the trust of the payers to use digital payment facility.
4) The existence of internet crime organization makes the payee even safer.

For making digital payment the thing which requires are literacy, knowledge to use the smartphone, know how to make the payment, proper internet service, security of system & hassle-free software to use. There are many loopholes in our present system which need to be recover. Nowadays some amount of population of youngsters are proficient of using this payment mode if with the help of government we take the initiative to make learn the other people who are getting fear of using the system then it will definitely work & the more the no. Of people will use by the time all the technical glitches will be recovered & security system will be more tightened. So as per my view, not only govt if we all youngsters also help in this initiative then in a very less time our economy can move towards cashless & more secure payment within a less time & hassle-free.

According to my opinion, digitization to be made more secure for practical use of it right today there are only 56% of people who mostly using cashless transaction and should be increased for sure by making people aware of comforts and my programming securities should be laid to avoid technical errors anyway our country is new era I am expecting that after 5 years there will be 85% cashless others will be small transactions.

There is no doubt that India is moving towards digitization. It is also an opportunity for us to make contribution into this wave. Our govt is making tremendous efforts to make this wave successful. If it happens, we can save our time and efforts. But if we think towards the other side there are some loopholes too. Aadhar data leak has been in news for many months. There are also many cases of balance theft or phishing. So, to check this, first govt should aware the common people toward digitization. Govt should check the availability of smartphones etc.

Surely digital payment will secure Indian economy because many who are influenced by politicians will keep on increasing their property until they caught. But the fact is we are in the generation where there are many uneducated peoples, they will suffer much. So proper awareness before the system will also fail because of uneducated people.

According to my opinion, It's the not the perfect time to introduce cashless scheme in India. May be it has more impact on Indian economical developement but for common man it's too hard to manage. We all know that, there are more illitirate people are living in rural area. Even they don't know how to sign in a required one. Thumb is their only proof for any officials. If they want to buy a fish from their village fisherman. Then it will be more difficult to both of them to manage as they don't know what is going on in digital system. Indian will develope automatically and all digitalized schemes will be applicable, when the literacy rate in rural area will impove significantly.