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

According to me, digital payment is a very good idea for all we can curb black money and corruption with the help of cashless economy so I think it is a very good idea for India's development.

The topic for GD is very relevant and a major issue of concern. Going cashless is a powerful tool for carving a better and a developed nation. Along with omitting black money it will also help in maintaining records of transactions. But with the idea of cashless economy, comes complimentary the question; are digital payments secure? Well, not 100% but secure enough for an economy to go cashless.

The cyber experts are amending the presiding rules and regulations, making them more stringent and difficult for the hackers to break.

With advancement in technology, it is now much more easy to detect the location and IP address from where the crime has been committed thus making it difficult for the cybercriminals to escape.

Also, the cyber security act of India enforces strict punishment and heavy penalty on the cyber criminals.

Thus all this contribute to providing a safer environment for digital payments and leading India towards a cashless economy.

Hello friends, in my point of view, digital payments are secure enough for our Indian economy to go cashless. As we know, when Modi announced demonitisation, all social networks flooded with messages. Actually, it was a good step to make a change of our country. Due to demonitisation, people face al lot of difficulties. But we need to make a change of our country. We should suffer.

Coming to the topic, digital payments are very secure. We know that these digital payments are encrypted. If all India could go cashless transactions, then we can easily find out the big transactions. Govt got a chance to take an action on such big transaction.

But these digitals payments were only known to urban people.

Govt should bring an awareness to the rural people, then it will be great success to us, to our country.

As we know, 50% ppl of our country go for digital payments. We can bring a change to remaining 50% ppl by bringing an awareness.

Problem of hackers is very rare cases. To common people, it's nothing.

Hello, digital payment secure our money as money at home is safer than money in the bank, when we want money we can through ATM.

I think use of digital money is very good instead of using currency, as it helps government to have eye on big transactions and scams.

But there is a rare chances of hacking also so govt. Should develop a better cyber security as well as strict laws and regulations on hacking activities.

Good evening, today our topic is "Are digital payments secure enough for the Indian economy to go cashless".

According to me, cashless is one of the best steps against corruption and terrorism. Cashless is a secure way for transaction. We can transfer thousands of money to anywhere in globe in few seconds. And government can keep records of transaction, they can take action on unfair activities. But as we know anything to have good and bad parts. Cashless is good step but though hackers can hack it. They can take money from any accounts to which they hacked.

Mainly people have become habituated to cash transactions. They require time to habituate to cashless. Many people are not educated. They don't know how to use ATM, even some people have no back accounts. So it is a long-term process.

Yes, as per my opinion, India is ready to go cashless. Because it is not a difficult task to make digital payment. So this thing can be learned by rural people.

Moreover, it is not always necessary to make payment through Internet, it can be also done by swipe machine. And today most of the big shops and small shops have these machines.

Earlier, the uneducated peoples had not known the use of ATM machine, but now they know. In the same way, they will learn to do digital payment.

In my point of view, digital payments are very secure and also done with ease. As we will have the proof of payments and list. The only thing is to have a complete knowledge in it.

Wonderful thought of digital payments secures because easy to reduce the poor level in our society and more people knowing the value of rupee.

Notes are seeing always some new.

I didn't support for digital payment system or to go for cashless in our country because of below reason.

1) AS it is a new move in our country from previously people are accustomed with paper-based payment system they didn't have trust because they feel this move is not secure enough keeping point in the mind of cyber crime.

2) People from rural area due to lack of awareness of cashless transaction they feel insecure of using it they didn't feel safe or you can say it happen due to lack of education.

Conclusion: For populating digital payment system in our country first people must be educated enough to know about its pros and cons. Secondly country has to build more secure gateway so that cyber crime cannot take place this will also be beneficial step for contributing fast as digital payment system in our country.