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

Digitalising India does not include just the urban or semi-urban areas where you have easy access to network and other facilities. It should involve the rural and uneducated people too. Govt. Should take measures to properly educate the society about the proper usage of online cash payments, cyber crimes and frauds. And not just that, there must be strict regulations on cyber frauds so that people can make use of it without any worry.

Hi friends.

As we know digital payment is most common thing for a developed country like America, Australia and Russia etc.

So digital payment or cashless transactions is necessary thing.

In my point of view, cashless transactions or digital payment is very good and important decision for our country.

Cashless transactions have many benefits like stop corruption and cash problem. But.

That decision will take time to implement all over country. Cashless transactions required some equipment like smartphone and internet.

Hi,

According to me, digital payments are not secure enough for Indian economy to go cashless. This is because, as we are a developing country, many people is not aware of the net banking facilities that are available. Though initiating ATM transaction is only possible when people will be enlightened on this matter. I am not talking about the village people rather in our city the aged persons are also not aware of this fact. As per me, it is a technology barrier that has to be overcome in the mere future. And also would like to state that the idea of going cashless at this point was a big risk that has been taken by our government Though it is my believe that this situation will become stable as each individual will have the proper knowledge and guidance in this field.

Good morning guys, yeah off course it's a very secure method of payment. I support it and I wish all the people of India should have to support cashless movement. With using digital payment, bring transparency as well as have proper record of any transaction which prevents any type of corruption. And the second thing is that through using digital payment can prevent from black money and illegal currency. Some other factors also support digital payment. In our daily life, every decision and action have two faces one is positive and negative but the matter is that how we see it and coordinate with it. Thanks, Everyone.

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.

Hello everybody, As we can see that nowadays every payment is going cashless even the retail storekeepers are using cashless payments.

According to me, cashless transaction is good because it reduces corruption and black money and also the transaction is faster.

Everybody in cities are having smartphones and internet so they can secure their payments, but people in villages and rural areas they don't have much knowledge about internet, if guided properly they can also secure their payments and make India a corruption free country.

Hello dudes,

In my point of view, I will go with cashless payment. Why because it is highly securable. The government is making the people adopt digital world, where both far-flung area, as well as rural people, are also part off. They may be uneducated, by giving some guidance, they can also learn certain things for our welfare of our country. As the government had promised to provide internet facilities for the villages, here is gonna to solve the problem of internet issue. See, to implement such a big process, the government will take time, we have to support these kinds of activities. To support, first of all we need some stuff like internet, smartphones, who told that nobody has smartphones?, all are having smartphones only, maybe 20% of the people will not have, this problem will get sorted out within a year, because this plan implemented for the motto of finding out the people who are not paying proper tax, who are involved in black money transaction. So, if we make those crime people come in front of the light, then if the government implement some strict schemes, then the people will pay proper tax and then low-class people will become middle class, like that they can expand their life in an honest way. As we people want to get free from this corrupted country, we must have to support cashless payment, which is going to offer us a purified life. No government so far treated this problem, still, they know how serious is this, they were not worried about that. Fortunately, the government starts focusing on black money issue so vigourously, so, we can expect a corruption free India very soon if we wait with patience.

Hi friends.

To my opinion, it's a very good idea to be cashless for our country. Just think you have only got your mobile phone in your pocket, no wallet but you have money with you on your mobile phone yeah it is a good feeling, No need to take care of hard cash.

Digital payment, its not only the easy method to pay bills on one click but safe also. It is always difficult to carry huge amount with you but digital payments made this easier, moreover, the people of rural areas will get to know about new technology how to debited the money how to credited the money to your account. People do not need to give any explanation to the government about the money because all the money would be white. The digitalisation will be made everything easy for everyone just people need to be aware of this.

Hello, everyone.

Today topic is Cashless economic. It's a great step for stop corruption. I am happy because after the cashless economic corruption ratio will be decreased. But the problem is 'illiterate'. According to 2001-2011 survey. India's literacy rate is at 74.04%. The ratio is really good, but it's a not reality. So many people don't have knowledge about all thing, and they don't believe in digital mode. That's why it's very tough for the government. First, if the government want to cashless economic, then the government should provide a proper training.

2. The government should improve the education quality.

In my point of view, the cashless economy is good for any country. But in India, there are many problems like 70 percent people live in a rural area there is not internet facility most people have not having a smart phone. They are illiterate. and they purchase things less 50rupess. So this is difficult for small business man and they are not aware of cashless economy. So if government Want to increase cashless economy so first, they will have to improve these things like education, internet etc in the rural area.