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

Digital payment is not only good for us but also for our nation's development. Our nation is one of the biggest nations in the world and for this if the nation there is a need for big networks and digital payment is one of them. The only thing government should do is to take some relevant measures to teach people who don't know how to use it.

It is not just about illiterate people but many literate people also do not show interest in digital payments as they are not confident about it. They are unable to trust digital payment apps as they have heard about so many scams and frauds. So firstly, the government should sensitize people at the ground level to make them confident about digital payments. In my opinion, digital payments are secure enough for the Indian economy to go cashless but it is only possible when people will become sensitized and confident about it.

As we must know that our country today has the world's 6th largest economy, we must now go cashless.

Our country and the software engineers are doing their best to make the digital transactions safe and secured. In most of the payments OTP`s are used.

We must make the Indians aware of the safety precautions to be taken while doing digital payments.

Digital payments are safe until we keep safe. Otherwise, the process that we are not aware of can cause financial harm. But seeing other direction we can say that Indian is on the way of digitalization.

In my view, digital payments are the most useful for doing transactions as it saves our time and the crowd in the banks.

For doing international transactions it is the best way for businesses, for local vendors we are using options as phonepe and paytm, and as technology is growing it's quite easy for us to secure it.

We have seen very few cases where the transactions are failing and it is not secure, still we have right to complain and ask about our money.

As people are getting more wise in going cashless it's benefiting India.

And technology is still developing to make it more secure that's why I think digital payments are secure to go Indian economy cashless.

Hi guys I am Ragini,

My point about digital payment is most important of our daily life. Through which we can easily very easy to transaction anywhere. But still now face to more and more problems someone. And they are alway worried about their money and so they are no use to digital payment and they think cash hand transaction instead of digital payment. Spacially rural area more concerned about things. Still Digital payments are work is best in urban area but not work in rural area. Still small business men not use to bhim app pytm and ect. Digital transaction.

Hello everyone.

I would like to support the statement that digital payments secure enough not only for the Indian economy but also the individuals health also.

The idea of digital payments was introduced in India by the government in past, but now a day's we are able to realize the importance of the same. Now people are thinking a lot while recieving mony by hand jut because this COVID19 problem. So while doing the online transaction we can stop the spending of disease.

In my opinion, digital payments are not secure enough. In support of my opinion there were many frauds, robberies happened, when people have been using it. People are victims in the case, as intelligent cyber criminals are playing it safe and ease.

As it is very much productive by saving our time and energy, going cashless is always helpful.

Digital payment apps are playing a key role as we can do money transfer within minutes from anyplace if we have internet connectivity. The another feature is that we can keep track of our bank account i.e, we can check balance amount, block the atm card if it was lost.

HI Friends. , I am Divya.

In my point of view, Digital payments are a secure and time-saving process. Nowadays we are spreading the virus through cash by hand (COVID19). So through the online transaction, we can decrease the virus. Banks have a time limit to do a transaction, but by a digital transaction have no time limit, we can transfer and receive money at any time and from any place. In some rural areas are facing problems of digital payment, But we should know bout one thing no one has knowledge by Born. So, life is a journey of learning. If we learn, we can move otherwise we can't go through the world. Educated people have to demonstrate about the digital transaction in rural areas. Thank you.

Hi guys. I am Soubhagyamayee.

Thanks for finding this type of opportunity to express some point regarding this topic.

1st of all we know what is the digital payment? digital payment is based upon network system totally. Without a network connection, we can't do it easily. For digital payment, we must have an A/C with any bank.

Now we all are using digital payment through Google pay, phonepe and paytm also. In this process. People have no need to go bank n stand in a queue and wait for a long time. For a small transaction. And to waste valuable time.

In this process, people can easily transfer money from one A/C to others. From any place and at any time. There is no fraud because we have a proof of transaction. And our money is fully saved. In our A/C but every pros have positive & negative side also. Am not against. But it is difficult for old people. Because they have no idea about all this and for this, we must have a smartphone but it is not available among all. This is a big problem nothing else. So for digital payment. Govt should take responsibility to teach people about this. And also the use of it. Basically, who have no idea. Nothing else.

Thank you all.