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

Yeah, Absolutely. It is hard to carry out but it's good enough. It's a time-saving method, no one can cheat. We can able to transfer as well as get our cash at any time anywhere etc.

As India is a developing country, digitalisation helps in growing India to become a more powerful economic country. But there is lot of problems associated with it, in one of them is security. Nowadays lot accounts have been hacked. It should be provided more security, so that people can able to put thrust and go for it. And the second one is illiteracy, In many rural areas people don't how to read and write. How they can go for it? So they should be provided proper information and awareness of it. The third one is, we can carry more money with us, In this point of view, it helps a lot.

I absolutely support digitalisation and after myself using digital payments I think it is a much more easier and comfortable method. But before coming to security point of view I would take up one issue which can be a serious hindrance in its spreading, access to internet. Most of these payments require internet and a device to access it Which is not present with most of the Indian population right now so I think going cashless is absolutely not happening in near future.

India is the third largest economy in the world. Indian economy is growing rapidly and digitization has important role in it. The use of cashless economy is increasing day by day. It is making the lives of common man easy. But their lies a major problem related to the security of these online payments. Digital payments are normally seems to be fine but there always is the presence of loop holes in the security system. So government should improve the security system.

As India is growing country digitalization is our requirement. But in I can say 95% online app are not secure any time they will be a hack. So, its need to provide more security so that people can trust on digital payment method. In the village, they don't any about digital payment so its government and our responsibility to aware the people and so they can use this payment method.

Yes, it's good for those who have proper knowledge about e-payment. IN INDIA, especially in rural areas people don't know about or have very little knowledge of e-payment so it's is difficult but not impossible. Government or Banks should take some initiative to provide knowledge about e-payment so that a huge population should also participate and take interest in e-payment with full faith and feel secure.

Digital payments are the new back bone of the India economy. India is the largest population country. So each better services do not take all the people at the same time, so in digital payments, all people take this payment, because a large people are taking better think at the same time. And the government also more income by this payments procedure.

In another hand in India, many people are non-educated, so this process not understood many people, this is a drawback of e payments.

I think digitising is the smart step ahead of the future of India it will definitely save our valuable time and will help transitions easily and it will provide other advantages also.

But just think for a second what about the people who are not able to buy Android or any device which supports this digital transformation the people who lives in village and depends on only hard cash they have in their pocket also for the one like us there's another major point is this going cashless policy is secure?

I think this transformation has both the sides of the coin and I am will be please to know if there's some suggestions or ideas about these problems from you all.

Yes, it is beneficial to go cashless because if we have hard money then it is the best reason for corruption, corruption is not goes out but we control it by go cashless and by the soft money we have no chance to rob by someone if someone steals my wallet then I cancel the transaction of my debt as well as debit card and renew it by going nearest branch.

Yeah, moving towards digitalization is big step taken by government, as it not only secure tear of paper notes and will also help to stop stealing of purses, wallets ultimately it pushes the pitty theaf activity on minimal. But for implenting it, the policy makers should also take this consideration that they should provide internet on minimal and no charges, so anybody can use it without any problem.