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

Hello friends,

I think the technology is the trademark of modern era. It has made us efficient but as well as lazy I some way. I don't think its completely secure as it can be hacked or be prey of phishing. But people should make themselves aware about these type mode of e-payment systems inorder to avoid discomfort during making various payments. It also reduces people tensions and frustrations because they don't have to keep their respective money in their hands and taking care of it. It has become easier to book various tickets via online. So in summary I would like to see people depend on online payment methods but also be careful while visiting various websites and to make their informations confidential.

Good Afternoon Friends,

In my opinion, India is not ready to become a cashless economy now. There are lot of people who are below the poverty line and who don't have facilities to fulfill their basic needs. This situation needs a change first. And about the safety of digital payment, I think most of the digital payments are secure. Now a days, most of the people are depending apps and sites such as "paytm", "fullmobilerecharge" etc for availing online products and services. Even I am making the payments of my mobile bill and all through digital payments. I haven't faced any security problems yet. So, according to me digital payments are secure but our nation is not ready to go for a cashless economy now.

In my opinion, now most of the people are using digital payment mode as it is easy to use. In every thing there is merits and demerits to an extend it is safe to use as there are many gateways for the security and if any problem we can consult the concern authority.

Thank you.

Hello Everyone,

Being a cashless economy is not very easy task for a developing country like India, but also it not an impossible thing. Everything is possible if we take it in the good sense. But before being into a cashless economy we should know in detail about both the sides of it. Firstly, it should be benefited by every lazyman, for that it should be made aware with every person. He/she should made aware of the advantages of being into a cashless economy. The main advantages of being into a cashless economy is safety of cash. It ensures safety of cash and every one can be tension free. Another advantage is that it is an easy process and also time saving. Besides these there are some disadvantages the main is that lack of knowledge. Everyone in India is not well educated so they are reluctant to make payments digitally. To avoid this problem the only way is to educate them.

Hello Everyone,

According to my opinion, everything has a merit and demerits. The good part with digital payments is that you can save time and also reduce black money. But the sad part with this digital payment is that online transactions may be risky as all people in India are not educated, mainly people from villages would face a lot of problems. So I would like to say that the government should create more awareness about these digital payments.

YES!

Life has become easy since this scheme as everything can be pay and can be brought using mobiles. It might be grocery or paying bills, mobile recharge all our daily needs. The daunting has been vanished for carrying money in their pockets because of digital payments and in worst case even if mobile is been mooched It can easily be endowed. But still, as the majority of people is illiterate it becomes difficult to understand and make use of this scheme. If there is provisional of awareness regarding how to use such technique between such peoples no wonder it will help them and India to be a developed country.

In my opinion, India is not ready to become a cashless economy, this is less because of technology more because of a security threat.

Not because one has not come across theft incident in this digital money transfer it doesn't mean it is safe. It is easier for a thief to steal money in this digital money transfer, just sit in front of computer do some hacking and within some time you may have lakhs of money in your bank account it is that simple actually but fortunately, not everyone can do it. The one who can, it becomes very difficult to catch him.

Security is a big problem that one can face here.

Digital payments secure but if and only if when there will be a software good enough for the hackers who don't able to hack inside the security of banks and other things like because whenever you put all the character in a digital format then if someone hacked then it becomes totally 00 and you will have nothing in your hand and the opposite side digital payments are good because you don't have to carry so much money with us and not worry about that it is going to be lost and having some trouble like this.

Hello friends.

I am talking about the topic of digital payment secure enough for Indian economy.

Caseless economy would be beneficial and secure for the people. Because if people will use online transaction so we learn many more of digitalized we learn online transactions then it saves many time.

Hello everyone,

I according to me if we want to make any economic development there will be pros and cons. I would like to say pros first if Indian economy go with cashless it is good step towards Indian economy growth. If Indian government take this step there is no necessary to do demonetization. In the beginning there may occur some problems it when time goes on it will be adopted. By doing these government can easily track black money and robbery, snatching can be reduced.

In other hand there are some cons also this may be problematic in rural areas according to me but it is not much problematic and some security issues like hacking may occur for that some other precautions should be taken care by government.