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

Yes, I agree digital payments are secure enough for the Indian economy to go cashless if all the government and private portals are highly secure. As we know there are many intruders which illegally hacks the sites and may transfer the cash to there accounts, so there are many chances of unethical hacking, for which government and private sectors portals need to be highly secure. If portals will be highly secure then this will be very easy and less time consuming, sitting at home one can recieve their salary, can make online payments for electricity bill, landline bill, exam fees, water tax payment, house tax payment, online purchasing, mobile recharge and many more. But there is a disadvantage as well of this digitisation, illiterate people can't operate this technology, so we need to organise such campaigns to teach them and help them to learn this new technology to go cashless.

In my opinion, digital payments are secure enough for the Indian economy to go cashless. In order to become one of the developed nation, India should adopt digitization in almost all the fields. Digital payment methods are secure enough to make the payments and it provides safety to the money that is being kept in the accounts. With the advent of these technologies, there is no need for carrying money in large bags. This itself reduces robbery and thefts to a great extent. Moreover, the digital payment methods are convenient to use, 24/7 availability, user-friendly, and also it saves time and money.

Yes, that's right my friends a meager percentage of the population are illiterate and even don't have smartphones. We can find a solution to this problem by introducing various schemes that are beneficial for poor people in India. And If we go cashless it will definitely save our environment from a big crisis, that currencies are made using the pulp of the trees. If we opt digital payment methods we can save our earth by preserving trees.

First of all, I think making India cashless is not a job of one day.

In a country like India where people are under the bondage of poverty and insecurity, it is difficult to make aware all to promote digital payments. But still, it is the duty of government and media to spread digital literacy and encourage secure digital payment.

Hello all.

Yes, the digital payments are the main step towards the increase of the Indian economy.

When we keep our money in banks rather than with us, we will be the one among them who are supporting for the increase in our country GDP growth.

With a help of our money banks will provide loans to small-scale workers, by that there will be decrease in the unemployment population and as well as it leads to increase in our country GDP.

Yes, I think it would be the right time for the Indian economy to go cashless. With demonetization decision taken few months before, digital payments will help to reduce corruption to a large extent, will reduce tax theft and it will also help to boost our economy.

Few problems that government have to tackle are that of illiteracy in rural areas, lack of technologies and most important concern is about its credibility. For this, Government should organise workshop, awareness camp that could enable the citizens to develop confidence in the online transaction so that they start paying digitally on a regular basis.

Yes, Digital payment is very much secure and beneficial for India. Now, India is growing country so the people in the country must have to smart. By digital payment, people can collect their salary and can purchase any product or item. There are so many mobile applications are available in marker and they are very highly secured.

Yes, since we don't have to carry money because all the money will be in digitized format so it gives the relief to the ordinary people from loss or from theft, again we can trust such websites which uses highly cryptographic algorithms, because nowadays there are very good cryptographic algorithms are available which encrypts our transaction which is almost impossible to decrypt even for a super computer, so this digital transactions are very secure enough than physical transaction.

Hello.

Yes, digital payments are secure unless the transactions are done on safe/government authorised sites. Just like the way we choose centralised banks to keep our money, in the same way we need to wisely choose where on internet are we dealing with our money. If this is done right then going cashless will aid Indian economy.

Yes, digital payment is enough for the Indian economy to go cashless. People will able to make transaction without cash.

No, I believe that right now India is not at that stage where we can make our country completely cashless. Digitalisation or the cashless economy is based on the development of particular country and India is developing not completely developed, you can't force or implement development, it come with the time when all people became literate. Forcing before the time is unnatural and create lots of chaos.