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

I think its a marvelous step to curb on black money and corruption by this elite move government can keep eye on illegal transaction of money.

But there is some issue of cyber crime, so to make this move to be successful government also look forward to amendment of security issue.

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.

Hello everyone,

According to me, Digital payments is secure and it is a good idea has taken by the PM, but it creates many problems for rural area people, who have not account in bank and they are not using any kind of card, also they don't know use any app for payment like Paytm etc. Because that don't know about new technology. In INDIA almost 40% population are uneducated so it's very tough to use these technologies. It's good idea to recover the black money in India but it is not possible to make cashless the Indian economy.

Yes, this is a good step taken by government but there is big issue of security. The BHIM app laughed by government is not any cyber security. Because 3 months like November I block my ATM card but BHIM app I doing transaction from only BHIM app. MY ATM card does not use any ATM, Online transaction except BHIM app. So this is big Issue.

Yes, I think that digital payment methods are secure enough for Indian economy to go cashless because the security threats on digital payment methods are mainly due to lack of awareness among people & the other security threats thar we are talking about are with cash economy as well because banks with cash can be robbed, people can be conned by criminals. As these kinds of threats are a common factor in cash and cashless economy so we cannot take that into consideration. The digital payment companies are using highly upgraded systems to make digital payment as secure as possible & these security systems are being upgraded in a timely fashoin, so at last the basic security threat is due to lack of awareness which we can overcome by various general awareness campaigns and our government is also taking steps to encourage it. So digital payments are secure enough.

Hi friends, I think cashless payment like Paytam etc are more secure and very helpful for people as well as it has more benefits like in the least time we can spend a lot of money and purchasing online goods and done payment of many types of bill like electric, dth etc. It decrease our pollution in an environment many way like no fuel wastes no paper waste and no problem of changes. As well as a man which not know how to use digital gadgets he try to understand this after some time he uses this way of payment very easily.

I feel like the govt of India should arrange teams to conduct training sessions to atleast one member of the family in every village. And then we can implement digital payments. To make our country developed.

First of all, I would like to salute to our ruling government because India is becoming a develop country. It's a great decision taken by our government. Definitely digital payment is very secure because when we make digital transaction at that time we get OTP from our bank side after putting the OTP you will make payment or you'll make successful transaction. It is very safe and very secure and hassles free from thieves. Earlier it was not like so, but now it is very safe and secure.

Making India to go cashless through Digital payment will not only help India to develop but also it ll make a bench mark in the history. Digital payments are very easy to use and its secure because we will be do everything through One-time password so one cannot misuse our account. Some might feel that Making payments digitally might be difficult, but to make payments more user-friendly banking sector is giving us easy options for promoting digital payments.

Yes, nobody can be 100% sure about the secure digital payment in any part of world, but this digital payment has to start in our country cause if we will not start it now then I don't think so it will better time to start that initative. Cause as we know 65 % our population is below the age 65. I.e young who are very comfortable with this type digital payment.