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

But in A country like India, many complications would make this task a bit more difficult. In India, a large part of the population has been living in rural areas. Some of them are illiterate, Who haven't a single idea of Digital transactions. They strongly believe in liquor currency along with this they are not fully aware of Digital payments. This knowledge lack ness causes them in trouble. They might never accept this digital transition. They need to be aware by govt towards Digital Transitions. Because they would easily be trapped by Frauds.

It's very easy for hackers or Frauds to get Bank details of these illiterate people. So, govt and concerned authorities should arrange some educational programs in Rural areas in order to spread more awareness or knowledge to people about Online transactions.

Hello.

I am Shravan.

According to me, digital payments online are secure in Indian economy. Became, technology not expanded allover India. Only metropolitan cities are have knowledge how to use the technology. I non metropolitan cities they don't have enough knowledge in digital payments. In just now Indian people are learning about the digital payments. People have to get more awareness how to use the digital payments. But digital payments are necessary for our country for the transaction to another country. People who are having enough knowledge of digital payments it's very secure and useful to.

India being a country where most of the people are not technologically advanced, is challenging to cashless. Moreover, there are incidents of vishing where fraudsters call and collect bank details. If the phone is stolen, then being cashless, the person will be quite helpless.

Hence, going completely digital is not a good option for the Indian Economy.

According to me, digital payments are not secure enough for the Indian economy as everyone has no proper knowledge about them. For digital payments, you need technology, better network connection, awareness. Not only in rural areas but also in urban citizens most people do has not to have enough knowledge of how to use it. So, we should give first them the proper knowledge for that. At initial the use of digital payment was very low as for hackers and don't have proper knowledge but after time many people think about it and using it as it reduces the time for payment and we can pay anywhere in India (needs a better connection for network).

Hello, I'm Jaya.

According to me, digital payments are secure for the Indian economy because nowadays we are using them enormously it's beneficial to us.

A person should have minimum knowledge to use this unless it is somewhat insecure. We are using many types of apps for digital payments like Google pay ph pay I think these are very useful and also time reducing and sometimes we are getting rewards through these apps. If we have any problem with the transaction the money will be debited within hours.

Hello.

I am Somesh Rai and I believe that digital payments are not secure enough for the Indian Economy to go cashless as I believe during an SSL secured payment transaction made through any Gateway irrespective of the mode of transaction and automation there arises a point of manual human authorization/verification which poses a huge risk as no matter how secure you make a network it all depends on the person using it and how educated or smart he is to understand the risk of disclosing any information regarding it as it happens in Jamtara a location in Jharkhand India where a group of people targets individual transactions by accessing the confidential details of the persons by fooling them and get away after scamming people easily without any trace.

Hello friends I am Narinder.

According to me, digital payment in India is secure enough for payments until we follow all guidelines and all rules and regulations.

But firstly, people should have proper knowledge about it. People should be aware of hackers and fraud. No one can hack until we share our password and OTP. But it is found from a report that in online payment India comes number one. If all people educate and are aware of this then it will help to increase our economy and GDP growth.

By doing so we have to educate the people about the digitilization. Hence we all know that therr are so many unware of digital payments. Only after educating peole towards the trend we can secure the Economy of our country.

Obviously, India secured 1st position in digital payment all over the world. By doing many digital transactions we can have proper proof to every payment that we made. As a result, we won't have to blame mercenaries who misappropriate the money of our government. If anyone tries to theft the money we will have all the security with proof. So don't bother to make digital payments, they are safe because it depends upon the digital proof.

Yes, in my view, digital payments are secure enough to go cashless when we follow the rules and regulations. We see that digital payments save time and during this pandemic world the digital payments help us to go contactless, also in this busy world, it helps in saving time thereby increasing of productivity in work. It is secure enough as the national payment corporation of India provides rules and regulations for these digital payment apps like phonepe, google play, Paytm etc. It also helps in the reduction of corruption and also increases of transparency in the economy. But when coming to rural areas where most are less educated fear using these apps, so it is time for educated people to create awareness about these digital payments. Thank you.