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

Hi everyone, According to my opinion, digital payments are secure for those who can use them in a proper manner because in our country all the people will not have the knowledge to use digital payments, these digital payments have its own merits and demerits. So, first our government have to bring awareness on people about these digital payments then people come to know the use of these digital.

Payments and participated in it, and many people in our country are living in villages they think the cashless transactions are not secure so they don't use these type of transactions. But for developing country like India it will take some time to adopt these type of cashless transactions but finally it will get success.

Yes, Definitely it is a very good initiative. But everything has pros and cons which have to be checked before implementing. One of the major causes of corruption in India is the corrupted people being unnoticed by the government. In the sense cash transfers are being done unofficially. This is the major advantage being used by the corrupted. So if the Digital payment system is implemented, government can know about every transaction being done which alerts the corrupted and corruption may decrease. But for this to happen every individual in the country has ti be aware of this system which takes a bit of time. So under sufficient guidance this system cam change the Indian Economy drastically.

I think that Digitalisation of payments is a major step in the forward direction for development. But every decision has its pros and cons. Here this decision may help the people living in the cities, but at same time it is not helpful for the people living in small towns and villages because they don't have the privilege to know how these things work. Government should also take some measures to educate people alongside.

Hello, everyone.

One of the most important advantages of digital payments is that it will reduce and eventually end the circulation of fake currency, thus improving our economy and increasing the GDP.

Secondly, it will reduce tax thefts.

Talking about security, and even cash transaction is not secure enough as it involves circulation of fake currency, tax thefts, corruption and many other drawbacks.

Finally, I think digital payments should be initiated and should be implemented gradually along with educating people about its merits and how to use it.

In the long run, it will be a revolutionary step.

Change is the law of the universe. By the time we have to change ourself, update ourself, bringing new skill in ourself. As a developing country we are not fully prepared for digital payments but partially we can go cashless as it will help to get rid of corruption in our country. But we need to teach the people who are underprivileged about digital payment because everyone in this country does not know about the same. In starting it will have it cons but somehow we have to find ways to get rid of it. Our govt should do something towards the awareness of digital payment. As the digital payment requires internet connections it may have server problems many times so govt should find a way to get rid of that.

Considerably we can bring digital payments in our daily life partially.

Technology is upgrading at a faster place, we should also live according to it, we can't stand in queues to make bill payments, recharge. We have no time for that and all. It is also very secure nowadays a lot of money is transferred through it. It is better than we carry cash because it has a chance to be robbed.

Hai friends,

Here we are talking about the topic digital payments secure enough for the Indian economy to go cashless. Yes, we were started moving to digitalization, only because of our government officials. They introduced new methods to reduce the complex one into easy way through digitalization. The best example is If you are not having enough money to travel or to purchase something, just a phone call is enough to get money from your neighborhood. We don't need their presence. As my friends said some statistics about literate and illiterate people. But one thing we forgot that illiterate people always ready to learn new things. Only it take some thing. When basic needs of all people is satisfied and greediness towards wealth is reduced, surely we can expect cashless India soon. Thank you all.

At present scenario, our prime minister Mr. Narendra Modi is applying his lot of effort to digitalize India. According to me, it's a good step for Indians as it is difficult to carry money to buy goods from another state and We know that nothing is perfect in the world so neither the digital payment is 100% secure nor the cash payment because in both the cases chance of robbery is same. In case of digital payment, robbery is done with the help of cyber system which is called cybercrime and in case of cash payment, there is a danger of thieves and robbers but when it is a matter of comparison then digital payment is better than cash payment, there is no fear of robbers and its security totally dependent on the user. If they don't share their password, OTP and ATM's pin code to anyone and use secure wi-fi connection then cybercrime reduced automatically and digital payment system become secure and successful in India.

Hello everyone,

Our country (India) is a developing country. Now many things what we do everyday are cashless. Government is making changes regarding this. Even though so many people in towns and villages don't know about the digital payments. Awareness need to be increased, so that we can make everything digital. When it comes to security, maximum security to their extent is being provided by the apps but rest is in our hands. We should be a bit cautious when we are sharing and in keeping of our details. So, I consider digital payments are secure enough for our country.

In my opinion, digital payments are growing to be secure in many ways. Apps such as google pay, phone pe offers payments between any bank A/c, 24/7 monitoring is done to prevent any unauthorized access, Bhim the government provided app for upi fund transfer is also taking measures to be secure day by day. We cannot just load all the cash digitally and move to a remote place and buy goods there it is difficult without some cash in our hand for example- paying for street foods, in small puncture shops as they don't know what digital payments are they need money cash on their hand. I don't say that digital payments are insecure govt should educate people on digital payments and make them understand the use of it, by this if digital payments reach every nook and corner of India the govt automatically take steps to make them secure.