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

According to my opinion, digital payments are the most secure method for Indian economy to go cashless because, digital payments are mutually encrypted. If you are paying on trusted websites like most of the eCommerce company's website, or institution's website, or any government website so your account will be safe.

But there are some obstacle in this process like illiteracy, lack of technologies, penury and most important securities concern. For initial three above mentioned problems government should provide better facilities like education, employment etc. The main concern is the security issue, due to which even highly educated and professionals avoid paying online-they even hesitate to pay on government websites so, what we would expect from less educated people. First of al, the government should operate campaign, advertisement and provide a list of sites which you should pay or not, to promote the online banking.

We can't expect 100% cashless economy but we can expect less cash economy that would be better for the Indian economy. At least people who think that they are educated should start paying online and also should promote it as an Indian citizen, not as a job but as a responsibility.

For the Indian economy to go cashless the digital payment should be secure enough but when we talk about technology we are far behind. We cannot be part of cashless economy until the literacy is 100% and more than 60% of people in India belong to village and don't even have any idea about what technology change are there going every day. So to be completely cashless we have to promote technology as well as education.

Hello,

Yes, India is ready to go cashless payments. It is very useful for the Indian economy. As our government taken the decision of demonitization is also very useful for our Indian economy.

The digital payment makes you easy and time-saving for any kind of transaction related to banking.

But there is problem the digital payments are easy for educated and urban area people for the rural area and uneducated people it is not so easy.

For this purpose, its our responsibility of youngsters and educated peoples to teach them or to arrange the workshops in rural area related to how to handle the digital payments. This will gives the contribution towards the developing India to the developed India.

Like a coin has 2 sides in the same way. India going cashless has its both prons n cons. India being a developing country, going cashless would increase our development. Not only this theft, corruption, tax thefts all are going to be reduce drastically. All payments could be done in a single flash allowing instantaneous transfer of money. Your all transfer will be recorded and hence no chance of theft or any corruption.

But yes on the other side a question arise is it possible to make a country like India where 37 percent people are illiterate? Answer is no, its not possible in a single stroke, we need to put some efforts for it. First of all, govt should launch campaign which teaches rural old and uneducated people that how going cashless will help all. Once they will understand the benefit, they will surely learn it. And moreover earlier it was thought that atm will not be suitable for labourer but now we can see that all use it. Similarly, if we will try to blend it in our system it will be accepted by all. People will learn it and our country will reach heights of success. Thankyou.

Hello, friends.

Yes, according to my opinion digital payments is good for the Indian economy to go cashless. This is because it saves time as well as reduce corruption in Indian economy. It reduces crowd in bank and also saves resources like paper, fuel etc. It also protecting the Indian from being robbed and hence helps in reducing corruption.

But we cannot implement this 100% because of illiteracy, lack of awareness and security. So it is important to take step to implement it effectively by promoting awareness campaign and increasing the literacy late and also take action to make it more secure.

Thank you.

Hello friends,

According to my knowledge, the digital payments are very secure enough to change the Indian economy drastically. It has pros and Cons.

Pros: With these digital payments (online transactions) we no need to carry money and no need to suffer at banks also. Nowadays corruption is a common thing in India by using these digital payments Even we can control a lot of corruption occurring in India.

Cons: Actually everybody should follow this but it is not possible by everybody due to lack of illiteracy in villages and anywhere. So many members don't no how to use the online transactions.

Methods to follow: So the government has to take a step that government should organise camps in each and every village regarding online transactions and should teach them how to use online transactions.

I believe that India will be a developed country in just 100 years. Why? Reservation. Now, how do I relate this with "cashless India"?

For transactions to go completely digital, you require parties on both sides to have sufficient knowledge. The sad truth is, however, the illiteracy rate is surprisingly the same as it was 5 years ago. Even though there are opportunities, reservations impose constraints which is not only disallowing growth but also driving away literate people who want to be something and are general.

We can't say all digital payments secure enough for the Indian economy to go caseless. As we know in India hacking is illegal because our online portal is that secure. One of the very good example of this is that last year Indian railway online portal has been hacked. Yes banking system, some e -payment portal like Flipkart, amazon etc. Are very much secure and the people can use it for digital payment. Also in this online shopping company if there any problem occur there is a special cell to tackle the problem and clarify our problem. Yes there is a postive outcome of digtal payment like it can reduce corruption, robbery threat, tax evasion etc. And more it brings transparency in the system. So to make digital payement much secure Goverment should have an eye on forgery online e payment site and should open large number of cyber cell to have a look on counterfiet site. At last I would like to say that before doing online transaction people should check the credibility of that e-payment site.

Hello friends,

Yes, digital payments are secure for an Indian economy to go cashless because it reduces corruption and it also reduces the crowd in a bank and it also protects the people's from being robbed.

We have to implement this so that it help us to change India from the devloping to developed country.

Thank you.

According to me, digital payments are secure for the Indian economy to go cashless because it saves our time we don't have to stand in a long queue in banks, no wastage of papers. Sometimes what happen because of sweat, rain etc the paper money is tearing so digital payments is more beneficial. Going cashless reduces the fear of theft, increases more security. The Government should have to aware people more and more so that they know about the digital payments through campaign and workshops. If half of the population use digital payments then after some time almost population aware about digital payments and they use it and our India becomes from developing nation to developed country.