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

I totally agree with Rajeev. The Digital payments are secure enough for the Indian economy to go cashless but also, it can not be ignored that numerous people in India do not know about this.

So, there must be a proper planning including providing knowledge to every citizen about digital payments and security regarding that can surely make the Indian economy cashless.

May be it possible but most of the people doesn't know about digital payment because of illiterate so they have to update some of the terms in digital not all the things.

No, I don't think so that digital payments are secure enough. Because, especially for people who don't have much knowledge about digital payments, they might get thier account hacked.

Yes, digital payments are more than sufficiently secure as per the standards of rules and regulation of government of India followed by payment gateway in India.

Once the printing note will be eliminated, all black marketing of note currency will be stop and depending totally on digital payments will surely Indian economy will far ahead.

Hence we can say digital payments are secure enough for Indian economy to go cashless.

Cashless is a very important concept but in India people are not used because they do not have proper knowledge.

In my point of view, this current scenario Indian economy growing very fast and people use digital payment options which many presents in the market like paytm, digiwallet, oxygen, credit card /debit card /master card many more option available. Due to fast improvement in Indian economy digital payment contribute much more people go cashless and done with online payment options but this current era Indian banking system"s atm runs on old version which can affect the whole system and problem occurs with it i.e. is to be being hacked by someone and control the data by ownself so banks came in danger. So for as security reason concern its need to enhance the old version which is installed in the atm systems and also in banking operations version need to be upgraded. Lastly, I say digital payment is more secure enough for the Indian economy to go cashless if their versions of OS are upgraded and enhanced.

During demonetization, digital payments also a very big role otherwise it would be really very difficult for the people for having the cash by standing all day in a line leaving behind all the work.

Yes, it is very much secure to go cashless as we can carry lot of money with us. Digital payment is not time-consuming its easy n can be done effortlessly. For eg; if we are not carrying enough money in our pocket n if any kind if an emergency arises then we can easily do digital payment without any effort. It keeps us away from the fear of thieves, dacoits. Since everything has pros n cons. So more security needs to be improved in digital payment to make people attract easily and it should be promoted to small cities to make them aware of it.

In my point of view, Indian Government has taken a much effective step to go cashless and digitize Indian economy. Most of the developing countries of the world has already made their benchmark in digitisation. For the betterment of the Indian economy, no doubt it is a big thing.

But there are big disadvantages of the digital payments. Firstly, Speed of the Internet and server of many digital website portals gives terrible problem and transaction stuck.

Secondly, Cybersecurity is one of the main concern often Hackers hacks the password and they steal the amount.

Thirdly Many of the people uses digital payments become the victim of fraudulent.

India needs to develop their technology to provide a well secured digital transaction, as well as people, are needed to be awarded to resist that fraud. And I am very much confident that India will overcome these problems and be one of the most powerful economies in the world within some decade.

In my point of view, the digital payment is good and it takes less- time, manpower. But the steps to pay money should be created an easy way where both educated and uneducated people should easily understand.