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

Not now, but slowly we can after few years. The Reason is, a large section of people of this our country lacks digital literacy even though the capacity to buy smartphone and internet connections. The 2nd thing still a large section is not having an infrastructure for internet connections even few areas lacks electricity. 3rd we are facing the challenge of cyber attacks. Finally to adopt something new is always difficult. The need of today is to go parallel with technology.

To speed up the process we can make people aware and digitally literate by planning to organize camps to educate. Infrastructure for connection needs to be created. Healthy cybersecurity must be created.

Thanks.

Yeah of course,

As the records say that economy is going to well in upcoming years.

But if you look forward to making India cashless so there will be more responsive to make that secure.

Educate the people is the only way to aware of because if you leave the city areas there are still more rural areas where yet education is completely different. They don't study to make future better, they study for the only degree shake.

According to my point of view, I suggest that first make India fully educated and be prepared for innovative ideas like digital India.

As we know, in our country, most of the people are unaware of this digital payments. The government should organize the camp to teach the uneducated people how to make digitals payments. It is secure when the government will make a strong law against cyber crime and also make a high security while processing. The digital payment is good enough for Indian economy too because when we look after the topmost developing countries like USA, UK, Canada etc. They all have digital payments so this is all we need to look after it especially to uneducated people who doesn't know about how to use smartphones, laptop etc these are the sources where we can pay our money digitally.

Yes, I do agree that Cashless mode of payment is easy, mostly safe, makes work simple and better. We know all of our younger generations have mobiles with them. We have many apps that make us learn how to make use of cashless transactions. Use of cashless transactions makes India go digital. As our present prime minister Narendra Modi said it is their mission to make India go digital and they have achieved 40 to 50%.

I think this was one of the good moves which they have taken.

India is a country which is builded with so many belief systems, cultures, traditions, superstitions. Everyone in this country is aware of all these but they are not aware of modern technology still so many educated people are not knowing how to use the technology present in their hands. To make the country educated one should have curiosity towards new things about technology. Cashless transactions makes everyone's job easy with a single click but still so many people who are in rural areas are not aware of to make them aware our government should make organized camps in rural areas with a team of people to educate them about this and also the law should be made strong for punishing the Cyber hackers. If these steps are followed definitely everyone go for the cashless transaction.

Yes, digital payments are secure but with high cyber security. Digital payments will imcrease tax paying eco friendly. No more tension of exchange or carrying big amount. It has to be of high level security because we heard many cases cyber crime is master. So digital payment are secure for Indian economy but flexibility and security.

Hello everyone!

As per my assumption, in some places, the cashless transaction is good like if we have some urgent work or something else, and it is safe also, but sometimes it may be not secured as anyone can hack your account and do all your transactions!

So, my point is if we don't go cashless we will be much away from this technological world.

As we all know everything has their pros and cons as well. So, if we talk about the digital payment, it is a very developed and advanced technology we have nowadays, which can be used from anywhere and anytime. It reduces the problems of robbery and saves time as well. But as I said everything has their pros and cons so it has lack of security and can be a result of crimes and threats.

No doubt, Digital payment made our life quite easier but we can use this facility everywhere. The reason behind this is that our country is not so developed & rich. In our country, many of the people are earning daily.

But in coming future digital payment will spread rapidly due to people awareness.

Hi everyone,

Digital payments are advantageous for us due to saving our time, but they are disadvantageous due to cyber crimes which are taking place nowadays. Govt of India should pay more attention towards the cyber crimes and the frauds taking place day by day.