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

According to me, it is a good idea but there should be more facilities and improvements in this field as what problems that we all confront these days while doing an online transaction include when the session expires we have to start all the activities from the beginning which is time-consuming. So, according to me, there should be a mechanism to start from the point where it was left (or from the point where the session expired). And also the limit on transaction should also be extended. So, I want all these modifications which will make digital payments better.

Hello everyone,

According to the perspective, I think that the digital payments are secure enough because this will help our country to start something new.

It is difficult for people who are illiterate but it's fine if we start they will also get chane to learn. Paytm and many other. Apps are there for secure transactions and we have seen that they are successful in market.

Chances of fraudulent access is 2% or 3% which much less so we should go cash less rather or with cash and have risk of getting stolen.

Go digital.

In my point of view, everything has both pros and con's. But it's a great idea for making our country a developed nation.

An example for this is when we compare our country to 15 years there was not a mobile phone but now we can see people reading messages about their children's studies in the school.

So at first, everything will be like that after some days it will be popular because of its use.

I agree that India is the developing country. The Ever increasing population can lead to the shortage for supply if the notes for example there was a demontisatin act carried by our government. The people who used to use online payment method were not been disturbed by the act whereas the not knowing about the online payment methods had to suffer from huge problems of standing in line for hours and hours.

I am against the people who are willing to just curse the government for that. I believe that since we are developing country our literacy rate is quite low. That's why it cannot be completely transferred to digital payment but by educating people about such methods it can be implemented in future. Which is road to success for our country.

I think it's great idea for developed our country but one problem, it takes more time. Those people are lived at rural area.

I agree India is developing county.

The cashless deposit and transaction is help to devolp the country economy.

But digital transactions can't be suitable for uneducated people and low-class people.

And we need money to small transactions like.

Travel and brought some items from shop.

The money is very essential because we need improve the shops, small business like vegetable seller, farmers and the village peoples. And we need to set the more banks in the villages.

Hello guys, According to me online transaction is not enough safe because if you buy something from your fav website and give your pin there then if somebody (worker of that website) wants to hack your account then he can easily able to do that. And another big reason is literacy. Thank you.

Yes, digital payment is beneficial for us, its provides facilities.

Peoples no need to takes lots of money in travels.

It gives government records pf money.

Lack of black money.

Free from corruption.

But it has also some drawback like those poor people who has no bank account and no idea about how to use ATM have troubles to find out the advantages of going cashless. And also people need internet facilities which are not necessarily available at every places n speed also not good to use it every place.

Yes, it's secure but this is our responsibility to aware own parents and society also talking about rural area society they also learn if his or her to tell and aware own parents and society. Give help to our society go cashless this is secure thing runing slow but day by day walk in that area.

Yes digital payments are helpful but its not secure enough in India. That's why very less people are using digital payments in India. They have their own bank accounts online transaction facilities still they are not ready transaction by online this is only because of secure payment modes.