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

Yes, Digital payment is very helpful for our country because corruption became reduce due to this but there is some point which is mentioning below.

1) Firstly, tell the people that how is Digital payment beneficial for us and how to do this, and also tell about that How to secure their transaction details.

2-Because nowadays cyber crime Growth very fastly, so hackers hack accounts easily, so Govt should provide more cyber security.

I would basically support this initiative and also digital payments are very much secure as we know today but for an individual who doesn't know how to actually use that security for his or her own benefit then all the security will be of no use,

Now consider the scenario, Where I live people have atm cards but they don't what is the basic things about the security of the atm card to state they already use it to withdraw cash from bank ATMs.

One fine day some one calls and says I am the manager of the bank calling and your atm card is blocked to unblock please verify your card to verify they will ask card no, cvv no, otp no and a normal people who don't know about any security say it all.

So now you see, Does the security matters here? absolutely NO.

So what matters is the awareness about the digital payments and not how many people use it or not.

So everything should be done but after creating awareness among people then only it will have the benefit otherwise it will be a complete failure.

The second thing is cash has its own importance you can minimize the cash transaction but you cannot rule out cash transactions for a country like India.

Hello friends:
First of all their are many benefit to go toward cashless. It is so easy to transfer money from one account to another. Also their are no chances of robbery as we do not need to carry any cash.Also we do not need to carry out ATM card and do not need to queue up for ATM withdrawal.
Again we get various discounts coupons in cashless purchasing. Also their is no worry about to maintain the bank note from water and wear and tear .
Lastly , their is a huge savings of resource like papers and metals. But completely cashless is not possible at this stage. As in the rural area, many people do not have any cell phone at all. Also they are not so much educated for cashless transaction.
So,in my opinion , completely digital payment is not secure all over the India. But in city area it's secure

Change is important for growth and development of any country!

It saves time and is very easy. It can be done in fraction of seconds.

It is too effective and makes us tension free.

We don't have to stand in the atm queue for the money as well as no chance of theft and burglary.

Morever, people living in villages and small towns may victims as they are not much aware of the precautions that should be taken while online transactions. But our government are doing awareness programs for them.

In my point of view, digital payments are very useful in doing transactions where we can save our energy, time and other extra charges. being an India is a developing country with a literacy rate of 74.04. I think it's more complicated to go through cashless transactions If we can able to give awareness among the people who are illiterate then we can go through cashless transactions.most of the people will not read clear instructions and they trap in hackers hands so people who are doing cash payments should be very careful.

Yes, I'm agree with the given topic that is *are digital payment secure enough for the Indian economy to go cashless*.

Nowadays we all uses smartphone and we are very well connected with various technologies. Such as Google pay, Paytm, bhim. Phone pay. One thing we all have to remember these all apps have very good security. If you don't share your password with anyone then there is no risk.

Thank you.

In my opinion, India is not ready for going totally cashless.

1. As per the report revealed by Qualcomm which is an American chip maker, no Indian e-wallet company is providing hardware level securities which is one of the most essential factors for preventing cyber theft. It also provided the solution by revealing that it is working on its chip in which many new modifications will be made to ensure the prevention of such attacks.

2. RBI, which is the leading operator of Indian economy has still not provided mandatory guidelines for the e-wallet companies.

3. As per the report, the most phishing attacks are performed in India.

4. In the states of UP, Bihar, Odisha etc there are no proper facilities for digital payments and people still believe in cash transactions.

Hi guys. I am Soubhagyamayee.

Thanks for finding this type of opportunity to express some point regarding this topic.

1st of all we know what is the digital payment? digital payment is based upon network system totally. Without a network connection, we can't do it easily. For digital payment, we must have an A/C with any bank.

Now we all are using digital payment through Google pay, phonepe and paytm also. In this process. People have no need to go bank n stand in a queue and wait for a long time. For a small transaction. And to waste valuable time.

In this process, people can easily transfer money from one A/C to others. From any place and at any time. There is no fraud because we have a proof of transaction. And our money is fully saved. In our A/C but every pros have positive & negative side also. Am not against. But it is difficult for old people. Because they have no idea about all this and for this, we must have a smartphone but it is not available among all. This is a big problem nothing else. So for digital payment. Govt should take responsibility to teach people about this. And also the use of it. Basically, who have no idea. Nothing else.

Thank you all.

Hello everyone. today we are going to discuss digital money. Digital money is the type of money in which we have no money in our hand. I will say it good because we are living in 21 century where everything is digital and by this digitalization,that we can save paper and thus we can save trees and can give a better environment to our next generation. And today as you know we are facing a big problem of Coronavirus and it is contagious and by using paper currency we can increase no of cases. So digital payment is safe for everyone as well as the environment that's all it from me.

Hello friends I am Narinder.

According to me, digital payment in India is secure enough for payments until we follow all guidelines and all rules and regulations.

But firstly, people should have proper knowledge about it. People should be aware of hackers and fraud. No one can hack until we share our password and OTP. But it is found from a report that in online payment India comes number one. If all people educate and are aware of this then it will help to increase our economy and GDP growth.