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

In today's digital environment, the internet era becomes vasted in all area. The most common use of this facility to do payments online. It is a little bit tough for who are not known about this structure. It is secure through the OTP we have received when we do a transaction. It saves the time that we have wasted in going to banks. The cheating is not seen basically. So the cashless system. Provide better performance according to security.

In my point of view, In India, about 70 percent peoples arer educated and in which less no of mobile or internet users well aware about cassless transections so now it is not easy to make India caseless.

Yes, the cashless economy is considered as the most secured economy. But countries like India has so many challenges to make a mode of payment completely digital. One of the big challenges is a cyber security threat, as Indian cyber security system is not very secure therefore there is a threat like hacking. Financial literacy needs to promote via different modes. To become cashless, it's necessary to promote digital payment. The Government should itself become a role model to promote it. The Government needs to give incentives on digital payment mode, therefore people get attracted to this. If India faces these challenges successfully, it can definitely become cashless.

Hello Everyone!

Yeah. To some extend because nowadays it is booming as it keeps the accounts up to date. Nobody is going to worry about his/her money as all are in their account only. People just have to keep their cards or cell phones with them for payment. It saves time as they don't have to calculate money. Awareness must be spread through media, campaign for adopting digital payments.

Hi, myself Vamsi Krishna. Yes, it is secured. We should be more careful. Because of cyber crimes increasing our company so that we have to receive a lot of wrong messages and emails, but we can avoid that thing. So keep aside that negative thing. But we have many advantages due to digital payments. It is fast and safe. There are no illegal transactions. So that we have to increase our economy. But it is possible and easy for city people's only, so we can take awareness of the rural people.

As per my opinion, the digital payment system in India is secure. But it not enough secure for the Indian economy to go cashless. Now, a lot of people are not trusted in doing digital payment. It interested in cash for payment. Because of it's easy way.

Yes, this is necessary that aware the people about cashless payment because still most of the people doesn't know that how to done cashless payment, they know the only old method, if in the future whole arrangement being cashless then people face difficulties so people should be aware of cashless payment.

In my opinion, digital payments for the Indian economy to go cashless is a good option. But it needs to cross the hurdles of weak security against cybercrime, lack of internet knowledge and accessibility of software by poor.

Recently in Mumbai, there was a case of withdrawal of money from atm machine using the software. So there is an urgent need of improving the security before India goes cashless payment.

I am in favour of Indian economy going caseless. As there is always two sides of a coin, similarly for digital payments also. If we consider its benefits, digital payments have made our life so easy. Inspite of being at home we can do a number of things like paying our electricity bill, telephone bill, d2h bill etc. With the help of the paytm everything is so easy, you can pay anywhere at any time. I know most of the people of our country are illiterate but these things are really not that difficult and are secured enough just like paytm.

In my perspective, a step towards the digital payments are quite good but actually, I think it is quite early because as you know literacy percentage in India is not 90%+. So we can't say that all people can do this payment or there are many banks in India who are using the old version software which can b hacked easily. So I think Modi government should literate people first, they should arrange camps in every village of states and make people literate or give knowledge regarding smartphones and their uses. You can also install much online cyber security in their Mobile and also they should tell Banks to update their software so that Cyber crime will be reduced. And after 2months of this camps, they can Go for Digitalisation as there will less chance of Errors. And we can get Accuracy rather than Precision. Tysm friends for reading this whole text. Best luck guys.