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

Yes, digital payments are secure enough for the Indian economy to go cashless because India is a developing country and if we see digital payments with this perspective then yes digital payment will reduce corruption, terror funding which has been proven as vindictive in the path of India to become developed. As we all know that digitalisation is one of the big leap taken by the government to get purge from vindictive things as I mentioned above. I'll summarize my points in the favour of digital payments.

1. India is developing country. So, digitalisation is one of the biggest move by PM Modi to make India a developed country in future.

2. Digital wallet is safe as compare to real wallet payment because we don't have to carry the large amount of money, credit or debit cards in our wallets.

3. It saves our time which we usually spend in standing in front of ATM and banks.

4. Digital payment is very useful in time of emergency. We don't have to rush for money in case of Emergency. We can do our payments directly through our smartphones.

5. As we all known that India is a second largest internet user in the world. So, digitalisation will prove beneficial for India.

As cyber crime is one of the biggest issues for India since many years but slowly cyber security is amending their protocol to reduce cyber crimes. And I believe that in future India will have strongest cyber security in the world and one of the safest cyber environment. It will affect dowry system of India at large extent. A decade ago mobile phones were also a new thing for India but now mobile technology grabs the large part of India urban as well as rural part. So, digitalisation will be possible in India and it is surely a bold move towards the corruption free India.

It is good to go with cashless because it mitigates the chances of corruption also lower the certainty of taking the huge amount of money with oneself. People need not take care of their money (hard cash).

Apart from these, there is also some negative things such as the transaction is not secure. Few days earlier we listened hacking of accounts in which bunch of money is withdrawn or theft. Thus online transaction is having security problem ie security from hackers.

Hello friends,

In my point of view, cashless India is the best concept for the Indian economy. It is useful to make our nation free from the corporation. It is one step against corruption.

In the digital wallet, we can take our money secure as compare to another source. In rural area face some problem about it, but they can learn about it then they also use it easily. Digital payment is saved our valuable time. It makes our nation technically perfect.

Finally, I conclude Digital payment secure enough for the Indian economy.

Digital payment is known to some and unknown to some, it is disadvantage for the people living in rural area as they are unaware of the new technological changes maid in payment modes. But we can say that it is a good start.

It's obviously a better and necessary step for the development of the country as well as decrease the rate of corruption. On account of the recent step taken by our honourable P.M. Mr. N. Modi ji was a most urgent and risky as well which has weakened the terrorist groups as well as put Pakistan under pressure as previously it cloned our currency but the coding done in the new notes cannot be cloned easily. Also, the P.M. Is taking initiatives to make payments cashless which would make the system more transparent and corruption free.

But there are certain limitations to it as going cashless invites many frauds and loots online. Hackers are the primary beneficiary of this and hence there should be more development in terms of security for online transactions and payments.

Through Digital payment only we can become a cashless nation. But the fact of the matter is until and unless digital payment not secured no one wants to go digital.

What happen if one's transaction failed!

Why citizens want to pay digitally if there is a transaction charge on each payment.

The government should have to look on these matters.

And am sure our digital hero will look upon these matters.

And soon INDIA will become a cashless nation.

Thank you for attention!

In my point of view, cashless India will be very good because everywhere you can't take money along with us because there is a chance of theft, and if we carry our debit/credit card with us if it is lost then also we are secure that our money is with us. And in case of corruption it is also good because if the person try to give the amount, men's transfer the money in his/her account in large Amount regularly then at some point the respective bank will have doubt then they can also tell the some of the government authorities to take action on it, our else they had been said to do this against that person.

And in the case of the person having the international card then there will not be the problem of exchange of money they can use their card in the foreign easily and many more things are there like if we go for shopping, having dinner at a restaurant we can easily swipe our card to pay our amount. But when it come to the small vendors then there it can face problem but now's a day they are also having App like Paytm and I suppose that in coming five years and so. These problems will also be solved.

In my point of view, digital payments are very secure. It now ends to end encrypted. So there is no chance to lose money. If one can use trusted website. There is also no risk of carrying money. So it is secure enough for the Indian economy.

Good Morning everyone, my name is Deepak Kumar and our GD topic is "Can India might go for digital and cashless economy". Well, as per my concern I think it's an absolutely a good step that is demonitization and some people earlier who don't go for online payment even some of us don't go for draw cash from ATM now some of them use ATM and some of them also use online system of payment and other. Colleagues we all know that there are a large no. Of people in India are uneducated and they don't use that digital system of technology even they don't use the ATM so how we can accept that they use digital system.

Conclusion I think there is nothing wrong if Modi g going for cashless economy our next gen. May be use it easily end its the platform for them they can go digital economy and other point is that uneducated people who can not use that digitalization so we all see after demonitizaton they also use ATM its great achievement for us.

Good morning friends, we have a good topic for discussion: digital payments secure enough for the Indian economy to go classless:

Yes it's secure, and it will keep the record that is who is sending money and who is taking and who is given so that it helps to reduce growing corruption in India.

I t reduces the time, to do the transaction, as it is digital we can transaction form anywhere in a globe.

And provide security also, because of its only transfers the money after the validation.

Good luck!