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

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.

Yes, according to my point of view, digital payments are more secure than our casual payment.

We all are well aware that each and everything has two faces first are an advantage and the second one is a disadvantage. Show in case of digital payment there is there are also advantage and disadvantage.

Advantages:

Digital payments save our time and are an effective way for our transaction.

We need not to carry heavy cash pockets and move here and there for buying or shopping.

By using digital payments that transaction is transparent and there are fewer chances of corruption.

We need not to stand in line for our payment for electric bills water supply bills or any other things. We can transfer money by just a single click.

Disadvantages:

India is a developing country and most of our population is rural based so people are not aware of the use of digital payments.

Secondly, they do not have means to do digital payment like they do not have an internet connection or any smartphone.

Digital payments are good but there are some treats involving in IT such as our account can be hacked which leads to Cybercrime.

All in all, we can see that a digital payment is having more advantages than disadvantages so we should go for Digital payment and go cashless.

Cyber law of the country need to be strenghtened and upgraded according to international standards. So, the online transactions will become more secure.

Yes, off course, because digital payment gives me a way by which we can reduce time in banking, bill payment and it is so easy for those who not live in own hometown and have the whole responsibility of banking, bill payment.

Alright, let me vent on this topic straight.

"YES! Digital payments are to a pretty good extent secure enough for our daily transactions" but with some CONDITIONS APPLIED. There are some basic privacy set ups or some guidelines to be followed, there is a procedure to perform, if done rightfully it is not very likely to be hacked by anyone. The problem here is that we (as in the people of India) have trust issues, due to which we do not even want to get hold of a new technology or anything alien. People do not want to get out of their comfort zone, but we need to. Because moving ahead with new technology is basically progress. I mean, if we talk about ATMs. Frauds did occur with those as well. They still do. But did we stop using them. No. Right. At least the failure rate of digital payments is much lower than that of ATMs. We need to accept the new birdie in town with the same mind set.

I indubitably believe that in a country like India where we need huge celebrities like Mr Akshay Kumar or Mr Amitabh to teach us to use proper sanitary conditions, here trying to lure the people to upgrade to a smartphone from a "Dabba phone " was a huge milestone achieved by JIO.

Now, the only thing left is- The proper knowledge of how to use it and be secure is to be imparted to the users. Especially the new ones. Maybe not now, but once all the tiny its bits are achieved, soon we'd go cashless.

I'm apriceate to all my viewers.

A significant percentage of people live in rural areas where the knowledge is assumed to be less for using digital payment modes.

Also many people in rural areas peoples are still not using smart phones as they cannot afford it.

Another hurdles which came towards the digitalisation is networks in India is not up to that level to go India for cashless.

So from my point of view, we should have an eye like in coming next 10 years we have to make India cashless but for that need to put focus and attention towards the activities, policies, laws etc required to implement it.

Digital payment is good as compared to cash payment. Various factors can be considered in favour of digital payment which is good.

Corruption can be controlled by this initial step of digitisation.

Time-saving is also an important factor.

But we can implement completely digitisation in our country because most of the people who live in the village and they don't know even about the internet. So they can get into trouble and you know this would not be good for our economy.

of course, Digital payments are future of our society. Today, our life's are more comfortable and luxurious then our ancestors and also people could find the easiest way to tackle every situation. So, in this context we can say that digital payments are need of our society, now a day no one has time for any extra activity then how it will be possible for them to stand in long queues for bill payments and also to buy luxurious thing in market, they have to take along with them huge amount of money. Which leads to discomfort shopping.

Digital payment is providing all facilities which today's generation want but these facilities are only limited to urban people rural areas still need lot of improvement for digitalised payment.

Considering, India where still there is a huge percentage of illiterate person the dream of the cashless country is still apart. Cybersecurity is also a concern.

Digital Payment is More secure then Cash payment but lots of people are don't have knowledge about digital payment they are Don't know how to Use Phone pe tez etc.

And lot's of people don't have INTERNET connection in their Mobile phone.

Hi, everone.

In my opinion, Digital payment is secure as compare to Cash payment. There are a various benefit of Digital payment. Digital payment is Easy Mode of the way of payment. They are a time-saving process And No chances of mistake In calculation Of cash.