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

Dear friends in my opinion. Yes there are a lot of advantages associated with e-payments if the system is robust enough. But before taking it in use. It is necessary for our government to aware people especially in rural India about how to exactly use this feature. What should they take care of? But the problem is majority of old people and uneducated people in our rural India still don't even know how to use Internet. How to get an Internet connection. Many of them even don't have good Internet facility. So government has to do a lot to make it successful. Like.

(1) The government should arrange campaigns to help people know about how to use Internet. How to make E-transactions safely.

(2) Yes, of course, the government should make provisions for good Internet connectivity throughout our country as it is well-known problem and because of this problem sometimes money is deduced from our accounts but transaction is not successful.

In India, cashless transaction is not possible because benefits our earth and our government known not to help ebazar government is not helpful to catch then the is Cyber crimes we also can speak with also can say that in her in her past days many Chit Fund marketing companies cheat us so it's very it's very difficult to cashless transaction to provide without any security features we can say that here in our country and its a very difficult task to cashless economic in the in India many problems are here to for cashless economy key because many people did not used mobiles and and and feature of the cashless transactions so we can say that it's very difficult to digital payments in India we can see in marketing in marketing in marketing company still running in market and and government did not take any action on this continuous see if it continuous us continuously if you say so we know that we should have the cyber attacks people.

It can be enough for the Indian economy. Because our Indian country is a developing country not only in money, but also in education. Our Indian people can learn anything easily without the education. So if we teach, create or conduct one awareness program, guide them about the security level (to tell them don't share your One Time Password, PIN to anyone) in a clear manner means, then they easily understand the purpose of use it. When this process is proceeded means, then the Cashless Scheme of an Indian Economy is going to worked out. Awareness is main, security level with full confidence is the important thing to consider in this consideration/process. With full of Creating one Awareness Program and full of confidence with security level, proper guidelines is provided to the people means, they can easily use it and is going to be worked out properly.

I conclude that the Indian economy is more secure enough to go cashless world.

When we talk about going cashless the point which is implied is that cash transactions are not safe and that when an individual pays for the transaction there is no proof that whether the cash used is hard earned or earned through corrupt means. So, when we think of going cashless it is surely a positive initiative as it would mean that the money used in the transaction is surely white in nature as the explanation can be demanded then and there. Now it is well known that there are many cases of cyber fraud and thefts so government should strengthen the cyber laws and study the cases of cyber frauds carefully so that none of that sort happens in near future. By doing this the government will be able to reach its ultimate goal for which the whole initiative is for i.e. to remove corruption. Now, all we can do is wish the government all the luck and do our bit as well by reporting cyber frauds if we come across any and not ignore it.

When we talk about going cashless the point which is implied is that cash transactions are not safe and that when an individual pays for the transaction there is no proof that whether the cash used is hard earned or earned through corrupt means. So when we think of going cashless it is surely a positive initiative as it would mean that the money used in the transaction is surely white in nature as the explanation can be demanded then and there. Now it is well known that there are many cases of cyber fraud and thefts so government should strengthen the cyber laws and study the cases of cyber frauds carefully so that none of that sort happens in near future. By doing this the government will be able to reach its ultimate goal for which the whole initiative is for i.e. to remove corruption. Now, all we can do is wish the government all the luck and do our bit as well by reporting cyber frauds if we come across any and not ignore it.

I think this is the best time to go for cashless economy. As we have seen the no. Of mobile phone user in India have seen a drastic change in last few year. So implementation hurdle due to technology won't bother this. Coming to the effects it ensures transparency in the distribution of government subsidies to public distribution. It will also reduce the rising black. Money and lobbying in public departments Which further helps in reducing the wealth gap in poor and rich. Though we have some issues regarding safety as we don't have a proper tribunal to deal with the cases if any consumer lost his her money during a transaction or from wallet. So we need proper laws and instant action machinery so people can rely upon the working of the system. And the external factors too like Cyber attack to theft of data. Regarding which proper use of safety methods from anti-virus to new departments like car who will take care of these things.

Hello everyone.

Our topic is "Are digital payment enough secure to go with cashless?" here we should be discussed on the point that favour to go with cashless or challenges and it's solution for which yet we are not going with cashless. But not advantages of cashless so from my point of view almost we all have a smartphone and we often use Paytm, Net banking and card swipe etc. So this thing can lead to go with cashless but if we think for challenges, there are many people who don't know yet how to use smartphone and internet typically senior citizen and children for them we can go with card swipe with limited transaction for eg) children pocket money account can save and transect up to 50-100 rupees. Because card swipe is not much secure than a mobile phone as security key type in transaction machine. Other challenge is cyber security, it is globally issue and it can resolve by group of specialist in IT field.

Thank you.

Digital Payments are introduced in India Long time before as it was mostly used by the Urban population of India but after demonetization, it comes into picture when our government decided to go for the Cashless economy. Digital payments are beneficial as it requires the little cost to do the transaction, it is time-saving, no need to stand in queue for very long time, Services like IMPS, RTGS are provided real-time transaction facility. From the government point of view, it will help to reduce corruption, can fight against black money, counterfeit currency. As all transaction can track so tax avoidance can reduce. Digital payment have some limitation in India as in rural areas net connectivity is rare, most of the people do not have the mobile phone which supports the digital payments. Most of the people don't have bank accounts. Digital payments can play a major role in Digital India Campaign and into Grow our Economy.

Hello everyone,

According to me, digital payment may take some more years to get more secure but it is something which was really needed for progress of our country.

Digital payment has saved the people time. Now people don't have to go to ATM to withdraw money and they don't have to wait in shops just to get the change. Many a times it might have happened that we end up in buying a extra things just because the shopkeeper doesn't have change and sometimes we may have let him to keep the change when we are in urgent. This kinds of problems are overcome by cashless payment.

Even cashless payment has led to more transparency in transaction and has reduced the corruption.

It might be difficult for uneducated or poor people to get used to this but it takes some time for people to learn new things.

Digital payment will lead to more research in Networking field and also increases the employment opportunity in this field.

No doubt, Digita payments are one of the good technological advancements but in such a big country like India, going cashless the whole country is a point to be focused on more because the majority of the population is in the rural side where still getting electricity is too difficult. Although our government is taking initiative regarding this like DIGITAL INDIA by helping people and providing them knowledge regarding this. Now the question arises here is whether the digital payments are secure or not. Then these are definitely secure. There are online transactions which are completely secure giving you the complete details. Also, it will decrease fraud cases like Aadhar card is linked to all bank accounts. The only thing to be taken into consideration is a technical glitch. India is still a developing country so it is gonna to take some time but if it happens then yes it is going to be a perfect move for the country.