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

Hello everyone.

In the current technological era, the world is welcoming the new and innovative concept of making payments i.e. Digital payments. More and more people are embracing digital payments across the globe. In India, with the extant government great focus on digital India and making the country a cashless economy, millions of people are now entering into the digital payments arena. There are so many people who are making payments via Net-banking and mobile banking for the first time even they have been maintaining their bank accounts since years.

The digital payments are safe and secure if the people follow all the rules and guidelines. The people tend to ignore some small points mentioned in the guidelines which creates space for breach of security for the digital payments. All the payment banks, the wallet owners, mobile banking apps manufacturers keep researching to make the payments secure. So it is necessary that the people upgrade all these apps time to time. There is no need of panicking if the people remain alert while making these payment.

Hello everybody my point of view is that I think digital payment is not secure enough for the Indian economey to go cashless because now a days we are seeing that lots of fraud is going on through digital payment because if digital payment will increase lots of fraud things will also increase because I have seen that those people who are well educated are also got in this trouble it is not about literate or illiterate because in this world there are many smart and clever people who can make people Easley fool and if this kind of fraud happened with innocent people they can not overcome from this because might be that person is poor and did lots of hard work to earn that money and because of some online payment or might be because of fake call that money can be stolen from him and still in India there are so many people who don't know about the internet if they know they don't have smart phone or if they have smart phone they don't have enough money to get internet recharge so with this I would like to end up my topic I am not I favour of this.

Thank you.

Yes, it is very secure today. The govt was taken a very good decision it will be helpful for the development of our country.

Not only development the corruption will be reduced.

It is possible to transfer the money from one place to another place with out cash by using paytm app. This is also an advantage to save the money from thefts. But some illiterate people's are not knowing idea about digital payments. This is the one disadvantage.

I give one example it occurs in our daily life ie for eg: you go to any shop to purchase any thing. The cost price of a thing is approximately 34.33p but you pay the money to seller 35 Rs. But the seller cannot give remaining 67 pauses. That money loss. But the seller gets a profit from you. By using digital payment you save you are money.

But there is an another disadvantage is hackers hack your bank account.

Finally, from my point of view, digital payments are more secure compared to cash. But govt before introduce govt should create awareness about the digital payments in villages. Then after it will be a success.

Hello.

To raise the economy of India, to make.

India a developing country, we need to go cashless. And yes, digital payments are secure enough for this. Digital payments have a minimum error, fast speed, high accuracy and most importantly more secure i.e. without the interference of human means manual work decreases.

The main motive for India to be cashless is to remove corruption, black money, and discrimination (partiality).

To fulfill this motive, digital payment is one of the most important weapons.

But every coin has two sides, in a similar manner, digital payments have some disadvantages like illiterate people may face many problems regarding e-commerce, online payments. In most of the rural areas of India have no or less facility of Internet. So taking these facts into consideration, there may be some problems regarding digital payments but we can solve it by organizing seminars and workshops for illiterate as well as aged people. By giving good internet facility at cheaper rates in rural areas so that poor people can afford this.

Thank you.

In India, digital payments should be necessary to go cashless because we can save 3.5 to 7 billion trees cut downs each year and we no need to to be recycled and demonetized. But day by day our technology is increasing, and the hackers are also increasing. So we need more secure software to prevent stealing of our data from hackers. We need a payment which is more secure. Digital transactions are simple we need to do campaigns and educate the people to do digital payments. Through digital payment whatever tax should be paid to the government can be paid and we can avoid corruption and more over cards are less in less in weight we can easily carry to many places in our pocket where as cash it is heavy and not secure to carry more amount of cash. Digital transactions save the transport and Savage of time (because when we need to be paid a bill we should be in a line more wastage of time), directly paid to the merchant and it is simple to use. So we need a digital transaction which is more secure of our data and prevents of stolen of our data from hackers.

Yes, according to me.

If we follow the guidelines: There are a set of rules that need to be followed to keep your digital banking secure and free of phishing. If we take care of those little points which we usually ignore, it is not very difficult to stay secure with the digital payment system. People usually miss on the small but essential guidelines that maintain secure payment system.

Being worked upon: Mobile banking apps, wallets, payment banks are working overtime to help improve the security level from time to time. It is essential that people upgrade their applications from time to time when a new update is available. Instead of panicking, we should try to be more alert on digital security and make other people aware too.

New measures: The good news is that Qualcomm is already approaching digital payment companies to help secure their payment system. Soon Qualcomm is said to be coming up with its new features in the mobile chipset that will verify user with payment gateway using unique features that will be hard to hack or bring glitch into.

Yes, I think the cashless scheme is quite good up to some extent as the crime rate and all robbery is reduced, but there is another point is that you cannot completely rely on it. Anyhow when you are using the online payment method you have to be careful while making any kind of transaction.

You should make the make through a trusted website and in a securely established connection so that risk of any kind of fraud can be diminished. But the Major problem is the many people in this country are unable to make any kind of transaction or they feel insecure while making any online payment. The reason is simple they are not used too for the technology and computers so such kind of people are definitely going to face the problem if the cashless system is present throughout the nation, so there must be other option for the payment for the people who are not able to pay through digital payment or feel insecure during the payment. As money is worthy for each and every one of us so government should think about other substitute option for the digital payments.

To me.

Digital payments are one of the best ways of transparency of every transaction of every business. We are in an era of a rush, everyone is busy in one's duty i.e time factor taken into consideration, digital payments will definitely save ones time from staining or waiting in atm ques, bank.

The More important thing we get from digital payments that we have Cary a card or a mobile with internet banking which can you find in any one's pocket.

Now, you haven't carry huse amount of mony for your work which was a very terrible thing. There always be fear of thefty. As India is a young country 33 % (apxx) youth are here 99 per of them have a good knowledge about the internet I mean they know how to handle it.

But what about the un educated people of villages they have to teach about it. They should be answered about digital payments.

Definitely corruption level decreases, croud decreases, time saved hence it will be utilized in other work for the growth of one's it self and along with the counrty both. It is slow but best step by the government.

Hi everyone, we are welcome always cashless economy in the modern technology world.

Before that, we have to think about the infrastructure of our nation. In our nation there are some parts are well educated and highly Business class peoples those who aware of the technology world. The other side is full of non-educated peoples who are living in the rural region. Even peoples don't have mobile phones. How could you reach the cashless economy to the rural region? Still, I can see the peoples who don't know how to use ATM machine, how could you reach your cashless economy to these people's. Recently I have seen peoples are begging for their own foods in one of the major city in Chennai Bz of the flooded. There is full of a power cut. Peoples struggled to survive their life. No electricity no networks in mobile phones. In the scenario is this cashless economy help that peoples? If you're planning the cashless Indian economy, you should improve the entire structure of Indian environment. Otherwise, it's useless. This is not secure apart from the hackers.

Dear All,

Digital payments is good for the Indian economy to go cashless and it will help to curb the black money.

But in my recent experience, I feel helpless without money while I was travelling from Saharanpur to Delhi. It was midnight, I feel to fill the petrol in my Car and the petrol pump boy said he is not getting a signal for the card transaction. I paid him 1000 Rupees cash, then I stop for dinner in a reputed restaurant, just out of curiosity I asked them before order anything do you accept the card, you know what they say no. Then I tried 2 or 3 restaurants the answer was same. On that time I feel so helpless without cash because on Highways you can\'t expect card transaction on Dhabas but the reputed restaurant is also not accepting the digital payment this is Ridiculous.

So, I request to the Government kindly make It mandatory to accept the digital payment on Highway, because a person who is travelling Is way too far from his home, where he/she can go for help midnight.

Because it's not easy to find an ATM on the highway in Midnight.