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

I think cashless transactions are good options for developing countries, but as we know every coin two sides hence with cashless transaction increase the chances of fraud cases and also Cyber Attacks increase. Recently, we have seen that the virus malware attacks on software systems which Disturb the whole world.

So In my view, digital payment is not enough safe.

Hello everyone,

I think going cashless is a good step taken by govt of India, After all the long journey starts with one step only.

Somewhere we had to start, we had to take step towards digitization, same has been done by Indian govt, instead of just talking about our poverty, illiteracy, our this govt has taken action.

Secondly, as I said, this journey is long but it is achievable after some time we all be used to these digital payments & our next generation will be in complete digitalized India.

Hello everyone, in my opinion, digitalization is a very good step taken by the government. The major advantage is the lesser risk of robbery as the lesser amount we carry during a day, lesser are the chances of losing them.

Another advantage is the growth of Indian economy by taking this step.

Yes, there are cyber crimes but at least we can make more and more protected apps and websites as we have huge chunk of IT professionals working all over the India with great minds.

Hello, guys.

In my opinion, I think that Mr. Modi takes a good step but we all know that our 70% of the population live in villages and many of country people do not know how to use a mobile phone then how we can think that it is the suitable time for digital payments. We have to take all people of our country equally and all have same rights.

Digital payments are secure but only educated and economically well to do people in cities have this option. Only 18% Indians have smartphones. In rural areas, there is lack of technology to facilitate digital payments. The rural areas need to be developed and there needs to be a massive education program to educate people about digital payments. This may take some years.

Hi, friends.

Going cashless and starting transactions through digital is a good choice but till now I don't think so its a better option because in Indian there is 74% people are literate and 36% of populations are still facing curse of illiteracy. So, first government Should aware them about that kind of scheme because not literate but illiterate person will reluctant for this even if they'll start to use this. It's may creat havoc in society because of hackers and many criminal mind. So not only to aware people but also make a strong security system as people can do it without kind of fare and doubt.

Hi, everyone.

In my opinion digital or cashless payment better to India. Because in India has lot litterate people thean compared with illiterate people. If the introduce cashless payments then every one should know about them. For this the but central goverment should be take some steps like make campagein about the how cash less pay, ments are better than the normal payment and what is the uses of them like as. Once the people know about the benifits of the cash less payment they definately encourage the cash less payments. Through this India devolping very rapidly.

I agree with the points which others mentioned. In my point of view, yes, India is ready to go cash less as India is a developing country it would be a great step. Recently RBI has passed regulations regarding cyber crimes in order to safe gaurd the customers who would be effected by these cyber crimes.

Yes, it is secure enough to the Indian economy to go cashless. It's great being cashless Nation but it still needs lots of improvement. The government sites are not crashes and they are not frequently updated.

In my opinion, Digital payments are easy and time saving. But they require a large amount of security too as there is a lot of crimes going on, bank accounts being hacked and losing confidential data to hackers. Though saving time and easy payments digitally they demand a lot of security too. So, that people may consider it safe and can be dependant on this method of transaction.