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

After demonization digital payment mode take a revolutionary change and its playing important role in growth of our country but everything has two sides dark side and brighter side so I believe digital payment is secure if follow some guidelines and make payment through trusted brand nowadays email frauding is in trending so first we need to aware people how they can secure their money.

It is necessary to discuss cashless transaction in India. In my point, digital payments are easy, as people need not wait for a long time in a queue for paying electricity bills, so on and safe, as there is no robbery of amount takes place. Also yes, there are so many rural areas, uneducated people. But, they can able to catch up.

In my point of views, digital payments for the Indian economy don't make cashless because money by online easily transfers and easily withdrawn by using ATM. Digital payments find out all details about account and its main role to stop the corruption.

Hello, everyone.

In my point of view, digital payments are not secure enough for the Indian economy to go cashless because there are more security threats in digital things again compared to normal and our population of India more than 50% have no any idea about digital money even more than 30%. Have no bank account they don't know about internet then how can we talk about digital payments.

Even if the money is deducted from a normal person who is not well educated from his bank account he had no guts to ask the question why his money is deducted.

We cannot implement digital payment this way without all the people.

Digital transaction is a welcomed move but at the same time we have to agree that the execution of demonitization doesn't take place as expected. Because notes of 500, 1000 have almost came back to government. This is due to people doesn't cooperate with demonetiztion and almost every note has been changed to new 500, 2000. Hope Govt should take initiative steps for demonetization rather than favoring companies like Paytm.

Hi friends I am Sumit, go cashless is step towards to make country developed, but literacy rate in India is less for that we also have to create awareness about digital payment and educate people about how to handle digital apps. Due to digital payments robbery rate reduce.

Thank you.

I think digital payment secure if you carefully used. Its provides all the facility to use any where at anytime. But security depends upon you how do you use this during the payments. The very good advantage you use anywhere at any time.

So it is very useful for cashless payment.

Hi.

Before coming to the point whether these cashless economy and digital payments.

One second thing about the depositing the amount into respective customers accounts in the bank.

If you have sufficient balance only you can make or transfer the amount, for depositing the amount only takes more time. So banks need to be provide facility for depositing amount.

Starting stage from here only need to improve then digital payments and cashless economy will work out in our country.

Thanks.

Yes, we have secure enough secure for the Indian economy to go cashless. One of the major initiations recently taken up by Indian govt is cash less economy. After demonetization there was no cash in the circulation at that time we have done all the transaction through online by that these are all genuine transaction there is chance to make black money.

Hai, digital payments, it should require going forward our country, because every payment it generated by data, so it is very difficult to hack, so please make them teach awareness of banking transactions, once literacy person knows this process country become very fast web transactions.