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

As pert my opinion, INDIA is not developed to impose a cashless economy. We just thinking about city, but still, more than 60% don't know how to use a debit card (even some peoples in city) and many villages not even provided electricity connection till date. Without considering rural peoples speaking about the cashless economy is wast.

Hello to everyone,

According to me, India is still not ready to go 100% cashless. If we talk about cashless transaction then first we should have a look upon the literacy rate of India, which is only approx 74%. With this literacy rate are we even supposed to talk ar discuss in this topic. But there is a catch, we can still make digital payment cashless by making an app that's united all over India just like an Aadhar card which is mandatory in each and every phone for cashless payment which can be made fully protected. The app should contain visual symbols so that even an illiterate can understand or we can give tutorials to the older generation via youtube or anything. These are the basic fundamentals for making India cashless.

Hello everyone,

I want to put some points on my opinion.

First is India is not 100% ready to go for cashless as some part of the population of India is still uneducated or we can say that you are aware of digital payment. So, the chances of doing fraud with them are very high.

Secondly, there are many businesses or small shops which today also depends on cash so changing to cashless will impact to their business and middle-class and poor people can hit by this.

Thank you.

Digital payment is a type of payment in which cash is transferred to another account digitally. It has its own advantages and disadvantages. It saves people time and it is quick and easy in nature. In India, internet connection is not available everywhere and without it digital payment is not possible. In rural areas, people are still aware of this payment process. In digital or online payment, there are cases of fraud and hacking which makes people scared to use this mode of payment but this happens in very rare cases. People should be aware of the digital payment like they should never share their OTP, pin or password with anyone. Security issues by online payments applications should be increased. In my view, the cashless economy is a big challenge for the country.

Hello everyone.

According to my opinion, India is not ready to cashless because in a remote area many people don't know.

Indian economy is a decrease in today it's is very worst situations of the Indian economy. The only urban area is ready for cashless but not more people.

As of now, we all know the digital payment is raised especially during this Pandemic and lockdown, but it took a time to go cashless totally because in India still a lot of portion of people belongs to rural areas though they are aware of the digital payment system the network issue and security issues are also there which are the major hurdles in a cashless economy. We need to improve the network connectivity first in rural areas and create awareness of this digital payment system and how can we easily use this system because it is safe as compared to carry the cash in hand and how we can access this at any time and anywhere (24/7).

For my opinion, cashless India is good, but there are some challenges we need resolve the problem. It is not overnight cashless is not possible slowly step by step we need to move towards cashless, and people who are educated at least they can start cashless Transaction definitely people can learn who are illiterate also. And one more point we need to encourage people who are doing cashless.

Hi everyone,

Didital payment most important of the India country because we can do this for money transfer to easily digital payment it's easy and its must for Indian people carry out in our hand money it's not good use in a online payment the India has to less then people educated.

Digital payments are indeed the best way to pay your bills as you don't have to go anywhere and with just a click your bill will be paid. But as everything has its pros and cons we should not forget how risky these transactions can be sometimes. The account can be hacked or the transaction from fraud sites may empty your account balance. So while doing transactions you should have adequate knowledge of the particular site. In India Digitization has recently been introduced so many of the people have inadequate knowledge. But as every new thing takes time to grow. We want our country to grow but at the same time, we don't want to adopt new changes.

Hi everyone.

Digital payments are very helpful to us. But it isn't always safe always. There are many cases in which the money gets deducted during fraud/spam transactions. This mainly occurs due to loss of knowledge about the same. Firstly the government should start some campaigns for the people who don't know about the topic mainly in a rural area. For me, it's a boon and bane both.