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

Yes, it will. But we need to Implement security system. Daybyday the hackers are increasing. The Government must emerge a security to an app like Google it should not to hack. Then it ll be best. Second major problem is illiteracy. As 1 member of family educated can teach to another person to how to handle digital people. Digital payment saves time to pay by hand by staying in queue. The Major advantage is digital payment ll help to rid of corruption and black money. All money ll come in use help maintain an economic condition of India.

After the demonetization affects from November of last year in India, there is an increase in the cashless transaction throughout the country which leads to security in sending and receiving transaction of money from others. This cashless transaction will lead to decrease in corruption it is a major advantage I think with this factor Indian economy will increase as Indian is a major country which is facing the corruption as the main problem so by cashless transaction there will be an increase in the Indian economy.

In India while we are coming with an idea of digitalization we have to encourage digital payments. India is a growing country, it is our duty to practice and make use of it. Almost all the digital payments available in India are secured. The lack of awareness makes people not to use digital payments.

It is necessary to educate the people about the benefits of digitalization and encourage them. Indian economy will grow if we promote this since India can beat the other countries which are already digitalized.

In my opinion digital payments are the right thing for India's cashless economy. Because we can do digital payments as per our convenience. We no longer have to stand in the queue for payments. And in India most of the people use Internet. So they can easily do digital payments. And there are many applications available through which we can do payments and also receive some cash backs.

But there will b some difficulties for rural people as some of them don't know how to do this. But as per the passage of time they will also learn this advanced system. In order to make our India a fully digitalized country we all people should encourage this step.

No, because sometimes due to server down problem which we all have faced sometimes, So sometimes our money get sometimes blocked and it's a very big problem.

But if govt wants so they secure digital payments for the Indian economy to go cashless.

Because India is digital economy so now digital payment is easy so it is cashless.

According to my point of view, the digital payment is more secure than the to go cashless. And it's also helpfully to the Indian economy. But nowadays it's not possible to do in overall India because we know that India is a developing country in our country we have several people or category. For the reach person it's easier and good but just think about the poor people and the uneducated people who can't effort an electronic gadget to do the digital payment. So in India, it's too difficult to make the digital payment.

Hi guys,

The Country like India, It is very useful. For example: If anyone wants to buy the things, they can buy from the online shopping and they can make payments from online banking, debit card, etc. Along with these, they should know about the hackers. For example: If anyone hacker called to an illiterate person, the hacker said that your ATM has blocked would you tell me your card number? so that I can unblock your card. Obliviously, the person can provide the card number. Not only this ATM matter. The hackers can send the messages to the personal email.

In India, most of the people are using digital payments. Some people may not use it. For example: Village people they are low-class family and them don't how to borrow money from the ATM. For borrowing and spending the money they will expense more time.

Finally, the government should provide advt. About digital payments and it should appoint some people for visit to village places to make awareness about digital payment so that our country will become digital India.

Digital payment in the easy and fast way of banking.
It means your bank at you are fingertips.
Netbanking is an instant way of transferring money to you are a bank or maintain in the bank at you are mobile or you can view your account statement.
You can send money to another person at you are account at no cost or its save you are time.

Disadvantage.
It is out of reach of uneducated people or rural people.

May it be safer to transfer our money but if a hacker hacks that app it could be difficult to rectify the problem if our mobile is being hacked they could use our account and other details for their use. So it may be safer and may not be safer.