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

The digital payment was one of the sophisticated systems where ever, whichever we can use easily with lots of time-saving, but we are having still a developing country and we must think that of rural villages which had not had an internet connection, daily wage peoples they just do the very minimal amount of transactions and old aged peoples they don't have proper knowledge about how we mobile phone and all. At last, when we have overcome with All these challenges we can definitely implement a fully cashless transaction in our country but this is not a proper time.

In my point of view, After longtime our Government took good Secession for recovery black money and recover corruption. Digital Payment System is the best way of making our country Digital INDIA. And it is also possible to overcome the corruption. Trough Digital payment system tracking the transaction between sender to receiver. The biggest think is, no other person (terrorist or other country people) can't make fake note and not sending to our country also.

Yes, since we don't have to carry money because all the money will be in digitized format so it gives the relief to the ordinary people from loss or from theft, again we can trust such websites which uses highly cryptographic algorithms, because nowadays there are very good cryptographic algorithms are available which encrypts our transaction which is almost impossible to decrypt even for a super computer, so this digital transactions are very secure enough than physical transaction.

Digital payments is a great step to boost up Indian economy and It encourages unprivileged people who are illiterate like daily labour, a rickshaw puller, vegetable vendors to get some knowledge. And due to demonetization and JIO free internet, we can easily see that these people are using smart-phones and selling their goods and providing services through paytm etc.

So, these things itself creating awareness for our illiterate people and this type of awareness is the main step towards the digital security.

I feel digital payment isn't safe from the perspective of being hacked, but then if we could make an improvement in cybersecurity this would go hand in hand.

As most of the people in India are not comfortable of being digitalized may be because a few are unaware of usage, it would be prominent if you make a social awareness about the ease of usage of digital payments this would make wonder.

And yeah on a serious note misplacing or theft of money may also be reduced as a carry of heavy cash may not be needed all the payments are done in our fingertip.

I feel digital payment is good because it makes a life very easy. We don't have to carry cash on our wallet. Anytime through digital technology, we can make payment. Also, it provides security as no one like to carry huge cash with them. It also safe time as we don't HV to go out to make a payment just sitting in our home we can do online payments at any time.

If we talk about the benefits to go cashless then it is a really good enough for growing the economic system and it is more convenient for citizens but all the things are the rosy pictures for Indian civilians to go through the fully cashless system and it will be comfortable for everyone. We are living with the population where people don't know where they should go for discharge their waste. And the reason behind this is illiteracy.

We are bigger in quantity but not in quality.

In the country, the biggest population is surviving poor daily life facilities then how can they make digital payments.

On a side, government says about the digital payments and online transactions but on other bank imposes the charges on it and minimum available balance policy is the worst example of banking,

I don't understand why a person would like to have any relationship with banks.

I am not opposing the digital payments in India because it will definitely glow the face of our country but India economy at present time is not ready to accept it fully and everywhere in India.

Hi friends, in my point of view digital payment is great idea but many peoples not aware of any digital devices so that government Have to initiate learning environment to those areas who are not aware of digital devices and also govt should give complete responsibility to money if any illegal activities like hackings govt provides this all means definitely Indian govt will reach top in world.

As our India is a developing country I see digital payment is really life saver for working class group but only in the Urban and metro region you all see maximum population of India reside in rural area.

They are not quite familiar with this technology, they may share their detail like OTP to some imposter posing as bank representative and get themselves robbed.

So, and as per security for digital payment is still it's developing state so it's better to use this kind of payment carefully. And as per rural area are concerned they still find it difficult to get use to this kind of payment cause they all are very use to cash transaction. So digital payment with cautiously used in urban area are real boon but there is still time for out rural population to get to use to it.

First of all, cashless sounds easier to handle to cash anywhere in the country or anywhere in the world. But some hurdles are making it confusing among the people because we prefer cash in hand more than in virtual wallet. Almost 80 percent peoples inccludes farmers, labours, basuc phone users these are not knowing about how to use internet, mobile so its not to easy to make them instantly use mobile phone to transact due lack of knowledge so we must teach them how to use and give trust that your money is safe and if any problems come to him during transaction where the contact and solve their issue and how to secure digital tranction so in these days cyber fraud is going increasing like sms froud, coupon lottery froud and stole customer information so people's must know these type of information and govt must take some action against it.