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

I totlay favour the motion but I am more concerned about its safety.

At present scenario, not much theft is seen regarding online payment. It is going smooth. But privacy has always been a concern because nothing is 100% secure. With the AADHAR being mandatory in banks in our country, our privacy seems to be more vulnerable as AADHAR always remains in news for its privacy issues. Our government should take more responsible steps towards its security, then it would be worthy for the Indian economy to go cashless.

Hello everyone,

According to me, the cashless transition is quite safe there are zero % chances that your bank will relieve the transition details to anyone. Banks never ask for your debit card number or internet banking id or password so it's our duty to keep it safe although we have to change our password frequently and never share our otp with anyone at any cost. Govt of India has made Unified payment interface (UPI) , Bharat Interface for Money (BHIM) etc for better and faster transition. But it is true that we are lacking behind as more than 50% of your country population belongs to the rural area where they don't know about the cashless transition although govt of India has taken the Jan Dan Yojana, but most of the banks don't have money in their account so it will not be possible for them to do the transition. Unlike cashless transition there are chances that you may be robbed with your cash or the cash may be misplaced or even can be damaged to avoid such things its good to go for the cashless transition!

Hello everyone,

It's not secure until everyone has the proper knowledge about it, it will take time but it is a good initiative I think.

In my opinion, digital payment is not secure because lots of mis-chives take places when digitalization works.

Hello good evening friends.

I think it is one of the best topics for group discussion In my opinion, everything comes with advantages and disadvantages, digital transactions are no doubt helps you go hassle-free as it would help you save your time to stand in queues at the bank. The problem can happen even if you are doing a cash transaction, for instance there have been people who have encountered snatching of there belongings. It's just that you need to be vigilant and careful enough. Although it has many this advantages still it may help lots of people to do banking transactions without the problem of day and night or even in public holidays.

Hello friends,

I think the technology is the trademark of modern era. It has made us efficient but as well as lazy I some way. I don't think its completely secure as it can be hacked or be prey of phishing. But people should make themselves aware about these type mode of e-payment systems inorder to avoid discomfort during making various payments. It also reduces people tensions and frustrations because they don't have to keep their respective money in their hands and taking care of it. It has become easier to book various tickets via online. So in summary, I would like to see people depend on online payment methods but also be careful while visiting various websites and to make their informations confidential.

Hello everyone.

My opinion is that digital transactions are secure enough but these can't make India as a digital economy. As we all know the high population of India only minority people are doing these type of transactions. And the people having basic knowledge regarding these online payments are only quite a small number. When majority of people having the basic knowledge regarding online transactions and digital payments only, it is only possible to have the cashless economy.

Hi, Good evening to all, in my point of view, the digital payments are secured than cash payments. Because nowadays we are changed to digital India. So digital payments are helpful for people to secured their money in their bank account and easy payments with anyone around the world. So it is very helpful for all peoples in India. Thank you.

Hi friends,
In my opinion nothing is secured fully.digital payments are useful and comfortable in many situation.but we cannot depend it or trust it fully.so it is better to use digital payments partially.
in small scale industries digital payments are not practical at all. in such case we must depend upon the cash payments.cash payments are not secured.
simply both of them have advantage as well as disadvantages. so it is better to us digital payments and cash payments partially

In my point of view,

The digital world is the one of the fastest growing area in the whole world, In India The Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. "Faceless, Paperless, Cashless" is one of the professed role of Digital India. As part of promoting cashless transactions and converting India into less-cash society, various modes of digital payments are available. Digital payment methods are often easy to make, more convenient and provide customers the flexibility to make payments from anywhere and at anytime. These are a good alternative to traditional methods of payment and fastest up transaction cycles. Post demonetization, people slowly started embracing digital payments and even small-time merchants and shop owners started accepting payments through the digital mode. So I support for the digital payment system in India.