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

No, because digital scandals are being more popular nowadays than theft. It is easy for a person to look for another person's bank details than to look at the locker details. Digital payments can highly reduce the space and paper work but making the man lazy enough for this generation. Also digital payment has its own advantages such as making the transaction more easy but there is a high risk to lose the details to the intermediary persons.

Hello everyone.

We are here on a topic that digital payment secure enough for the Indian economy to go through cashless.

We all know the what is the population of India and besides that how much people are literate or we can say aware of these digital payments.

In India, we can't say that it won't be working it's actually working. We are having such a great IT sector for it's security. Now a days every person wants to move cashless without any fear. Many people faces the problem of lost money. Through this digital payment they will be free from carry money from one place to another.

We can't say that only a person having a smartphone can go through digital payment but also a person who is not having a smartphone can go through digital payment by their ATM cards, debit cards and many more. Through this we can also make cash India.

In India digital payment is good initiative, but still people are not much aware of that which increases chance of cheating.

Yes, it is a good step but its time to go because there is not much educated.

Yes,

It is secure, digital payments take an important part of country growth, And it saves time, paperwork, manpower. But in our country, it takes time to go cashless. Because not everyone that much educated.

With digital payments, there is always a risk involved. The risk of data theft and we have seen the example of Cambridge Analytica. And moreover to that India has the slowest 4g net in the world. Every day we hear about the transactions being stuck in the middle, banks running out of connectivity etc. So hitherto the digital payments are not something we shall look up to. We can use the digital payments for paying a small amount but when it comes to transferring a hell lot of money, everyone wants a complacent gateway and digital payments are not providing it.

In my perspective, digitisation is very much secure and convenient enough to use by anyone. It makes you go cashless, and even blocking the black money concept. This is the big initiative of today's government, we should support them, for our country development.

Yes, digitization is a very good step towards security. It is a one step towards technology, but there is still much lack of awareness towards this, which will take some time to modernize people.

In my views, digitisation is making man lazy and all that we get is readymade. And also digital payments may create a chance for professional hackers to hack our accounts and this may create problems in the future. In short, digital payments are not that secure.

From my perspective, digitisation is secure enough for cashless payment but still lot of loophole exist in the whole system that needs much attention in order to improve the quality of payment and winning the trust of more people.