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

Hello friends,

It is very interesting topic to discuss.
As technology develops it is important to update ourselves.presently almost all sectors are digitalized it is better to us to move towards digital life.
There is both advantages and disadvantages in this also

Advantages:
1.It will make our life easy
2.it saves time
3.digitalization provide 24*7 availability
4.it reduce corruption
5.helps to improve our nation

Disadvantages:
1.less secure as hackers hack it
2.lack of knowledge
3.availability, because digitalization totally depends on internet and power
4.it causes unemployment
5.it increase e-waste

First, the government should train illiterate people about digitalization. And we also should take initiative to train those people who are not aware of digitalization.

As every coin has 2 faces it also having both advantages and disadvantages.as it is having less no of disadvantages I support Indian economy to go cashless.

Thank you.

According to me, a digital payment has both positive and negative side exactly as a coin has two sides. It is beneficial because it makes transaction easy, quick and safe. It will also help in the development of our economy. It may also lead to the reduction of unemployment in our country which is a major problem in our country.

Now talking about a problem regarding digital payment the main problem is concerned with the implementation of this plan. Without providing the facilities, knowledge this program has been executed. First of all the government should have worked on providing the facilities like proper internet connection, proper Networking, educating people about the benefits of digital payment etc. This will definitely lead to the proper implementation of this plan.

Digital payment provides many facilities like keeping a record of our every transaction, paying anyone from anywhere etc. It also saves our valuable time as we don't have to go to the bank or ATM for the money. But there is aa large problem associated with this as we need a strong internet connection for payment and transection which is still a dream in India.

Thanks.

Yes In some manner it's good way through which we don't afraid of fraud people. It's right decision of PM, Modi through which we give proper amount of pay to shopkeeper. Ex when some buy a product of Rs 99. He/she give 100 Rs to shopkeeper. And shopkeeper does not return 1 Rs. So it's loss 1 Rs. According to population of India. If everyone forget to take their Rs back so how much they loss their money. So acc to me digital payment must be in India.

As per opinion.

No, digital payments secure not enough for the Indian economy to go cashless. Because in India is not so developed to secure digital payments. Around 37% people are illiterate in India. Day by day Hackers are increasing. So before digital payments, the govt should have must aware to people.

Thank you.

Hello friends,

In my opinion, going cashless is good enough for increasing the economic condition as well as reducing the time taken to do a job related to money but the thing is we are in the age where in some places people's still don't know how to use Facebook, then how can they do things like online transactions Moreover in most of the places banks are also not available, peoples don't use banks to keep money due to unawareness then how can going cashless work there.

So, from my side conclusion would be that it's well and good to apply cashless transaction everywhere but before that people's need to get aware of that things, and also it should be easily reachable to everyone.

Hello friends,

According to me the digital payment is not so much secure for the Indian economy to go cashless, Because a lots of people of our country are illiterate and more others are not well known all about it. Besides these a lots of difficulties also have to suffer such as hacking, false identity, internet problem and many more.

As I think, we can't get a best solution of a problem while we start to do it.

So after starting it, we will definitely get a better solution to fight with these problems, and after that it will definitely will be secure enough for Indian economy.

In my opinion, digital transactions are more secure and safe. Changes don't change. India is a developing country. To become the developed country we people have to upgrade our selves according to the latest technologies. This is the good thing to upgrade. Digital transactions will reduce robberies. And another thing is transactions made within seconds. So it is also a time-consuming process. Lots of apps are there which made the process very easier for illiterate people too. In our country, lots of illiterate peoples are there. The Government should provide awareness about this technique among them. Then only they know how much advantageous is this. Literate peoples also teach them how to use the apps and how to secure the passwords. So digital payments are secure enough for the Indian economy to go cashless.

Hi friends, As per my views digital payment is good enough as it saves time. Making payment of the mobile bill, electricity bill, movie ticket and even for recharge of mobile, we have a stand-in queue for a long time. Digital payment makes the work easier way transfer of money etc. Is done with safe and within the time period. On the other hand, as technology is advance there should be proper security from hackers. As we know in urban area digital payment may be used smoothly but on another side, rural area people should also have knowledge about the same. As digital payment save the risk of carrying hard cash.

According to my opinion, digital payments are the most secure method for Indian economy to go cashless because, digital payments are mutually encrypted. If you are paying on trusted websites like most of the eCommerce company's website, or institution's website, or any government website so your account will be safe.

But there are some obstacle in this process like illiteracy, lack of technologies, penury and most important securities concern. For initial three above mentioned problems government should provide better facilities like education, employment etc. The main concern is the security issue, due to which even highly educated and professionals avoid paying online-they even hesitate to pay on government websites so, what we would expect from less educated people. First of al, the government should operate campaign, advertisement and provide a list of sites which you should pay or not, to promote the online banking.

We can't expect 100% cashless economy but we can expect less cash economy that would be better for the Indian economy. At least people who think that they are educated should start paying online and also should promote it as an Indian citizen, not as a job but as a responsibility.