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

Hello friends.

I think this policy can be implemented in India because people are eager to learn new technology & new way of doing payment whether they are youth or senior citizen. After demonetization in hotels & restaurants people started using the mobile application like paytm even I didn't use paytm app before that but now I flexible with it in making transaction.

The Government announced a scheme that now people can payment with their Aadhar card so it will also reduce the risk of cyber crime. But as you can see that the device is not available to each & every shopkeeper so how we gonna the payment if it is available we will definitely going to use that. Government got a lot of homework to do regarding in this matter & after that India will definitely become a cashless country.

Yes, but there must be a good security system.

Yes, I think that digital payment brings more transparency in the economy and at the same time helps to curb corruption and other malpractices. It is a good initiative taken by the government and with proper awareness among people digitised India initiative can reach the new sky. The caches economy is a start of modern India.

No. I don't think that digital payment are secure enough for the Indian economy to go cashless because there are many risks in this as our cards have been hacked so we will loose all our money at that instant, but in case we are using cash and we are robbed then only that particular amount of cash will be lost.

Hello friends,

Ln my view, India can become a cashless economy only if lower income class participation on account of digital transactions are being made. Looking at the wider spectrum it is only the rich who are enjoying the comforts of digitalization. For bringing in equality in digitalization, the poor must be provided with awareness as to their relative advantages by extending them internet facilities without fault. Proper allocation of funds should be exercised. But on the other hand, there are dangers lurking in digital platform. Hacking, fraudulent activities and the likes are hampering it's prospects. Therefore enhanced security features must be installed so as to curb the problems. Authorities should acknowledge their customers not to list out their credentials to others in any circumstances. There should be clear cut instructions regarding not to respond to messages seeking passwords and other details. I suggest that there be balanced approach to make digital transactions a great platform for digital society. Thank you.

In my opinion, Digital Payments is secure enough because its operated by reputed companies & they are following policies properly. Digital Payment Method has won the trust of almost all People. Because nowadays the use of Digital Payment is interested everyone having an account on PayTm and Freecharge and many more.

These companies are maintaining transference relationship with customers by providing high security.

I think it is the best thing for Indian's that digital payments came into existence. As we compare with the past generations, people use to rush to the banks for money in emergency cases. To be frank we are lucky to have this digital payment, without any tensions directly we can pay.

With the great initiative taken by our PM I believe Indian economy is all set to go cashless a year ago who knew hat even the street shops would accept paytm money, 2 years ago who believed people would use online cab services with the advancement of technology and with great faith in our government I personally believe India is ready for secure payments with initial effort to acknowledge everyone about e payments.

Thank you.

Hello, friends.

In my opinion, in the present time, it is not possible to go cashless economy for India because every Indian have no smartphone and village people does not know how to use net banking and debit card payment. First, we have to give a smart phone to every Indian if they have not then trained all people how to use online banking then we can go to a cashless economy.

According to me, there is no doubt that it's a very wise move by the government. Yeah, it will reduce corruption and terrorism due to the decrease of liquidity of money in a market. But at present time India can't go cashless because as all say India mostly come into villages. First, we have to increase the literacy rate of India after that only we can fully implement cashless in India.