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

Good Afternoon Friends,

In my opinion, India is not ready to become a cashless economy now. There are lot of people who are below the poverty line and who don't have facilities to fulfill their basic needs. This situation needs a change first. And about the safety of digital payment, I think most of the digital payments are secure. Now a days, most of the people are depending apps and sites such as "paytm", "fullmobilerecharge" etc for availing online products and services. Even I am making the payments of my mobile bill and all through digital payments. I haven't faced any security problems yet. So, according to me digital payments are secure but our nation is not ready to go for a cashless economy now.

Hi Friends,

To discuss upon the matter of digital payment, it is the process of carrying out payments in an elecronic manner.

Digital payment is a high requirement in the present world. It facilitate us to make our transaction with a gentle tap on your device. It help us make our payment, recharges, shopping, etc done in a quicker manner. It saves a lot of time. We will no more require to stand in long queues. Apart from that, one will be able to transfer funds irrespective of location. Debit card, mobile banking, Paytm wallets are some of the examples for digital paymnets. Inordrer to make digital payment more attractive popular e-wallets provide us with multiple number of offers such as cashback, coupons, first time free payment and so on. The digital payment is made secured with captcha code and otp.

Just like everything got it's own merits and demerits digital payment has got it cons too. Digital payment is not fully secure even though it has security provisions. Living in the world of hackers, it is highly dangerous. They can peep into our personal life. More than that India is only a developing nation. Not everyone has access to digital banking system.

To conclude I would like to say that with proper development in banking sector in all areas of nation and educating people about digital payment will help them make their work easy. Using of approved banking apps help reduce security breach to an extent.

Thank You.

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.

Digital payment is good for our country growth. Introduction of digital payment is good but first of all gave proper education about this especially in rural area people. Most of the people are not aware about digital payment system. It will help to reduce black money.

Goodafternoon,

The topic which we are discussing is a relevant one which our country is developing nowadays. As a coin there are two sides for this topic, that is the advantages and disadvantages. As we all know our economy is going to be a cashless one. The major problem which I found that there is a lot of people who is living in rural areas, who did not know how to use a smart phone properly. Those people are not using these kind of e-payment techniques due to the lack of knowledge. Somehow e- payment facilities are very useful for the rest of others. And the another problem is that there is less security. The accounts may be easily hacked by hackers. But at the same time this situation can be happened to direct payment also by the disturbance of thieves.

In my point of view, digital marketing is something that is important for an upcoming generation. More on line banking transactions can be done from any part of the world. For every people it may not be easy but if digital India comes that helps us a lot. There are pros and cons for using this, but as per todays generation more on line banking transactions, on line shopping can be done.

Good afternoon everyone.

According to me, digital payments are secure enough. Each one of us had made digital payments and it provides convenience for us. There are various technologies which ensure security for digital payments. But we should be careful while dealing with our digital transactions or payments.

In my opinion, digital payment is secure to an extent, now there is also an increase in black money.

Hello friends, my name is Binu John.

We are discussing the topic of the digital payments are secure enough for the Indian economy to go cashless?

In the present condition has to go the cashless payments are the relevant factor in the economy. All transaction has been changed to digital payments for secure and timely transfer of money.

In my opinion on this topic was to improve the efficiency of the network and provide more security on to the cashless payments.

Hello everyone,

In my opinion, digital payments are secure enough for the Indian economy to go cashless. Introduction of digital payments plays an important role for the development of our country. It provides various advantages to the people like, they can save their valuable time by using digital payment instead of cash transactions. It also reduce the risk of holding huge amount of money in hand and can also make transactions with ease and within a short span of time.

Thank you.