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

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.

Hello friends,

According to my knowledge, the digital payments are very secure enough to change the Indian economy drastically. It has pros and Cons.

Pros: With these digital payments (online transactions) we no need to carry money and no need to suffer at banks also. Nowadays corruption is a common thing in India by using these digital payments Even we can control a lot of corruption occurring in India.

Cons: Actually everybody should follow this but it is not possible by everybody due to lack of illiteracy in villages and anywhere. So many members don't no how to use the online transactions.

Methods to follow: So the government has to take a step that government should organise camps in each and every village regarding online transactions and should teach them how to use online transactions.

Hello everyone,

As we all know India is developing towards the digitisation. Everyone now turned or cultivating themselves into this digital program. But still, we get a question in our mind that is it really good for our self and as well for the development of our country? but yeah my answer will yes. Yeah, I know there is lots of things which was not yet getting too improved in our India like some peoples are not aware to this cashless programs, online transaction but still I will support to go India cashless. Because instead of counting vulnerabilities in our dig ital program system we can improve the bright side of this. And we will boost this at another level so no one can get feel insecure while doing this digital programs and no one even thinks or getting doubt about digitisation in India.

I will support with DIGItal payments.

We do have several benefits by doing this.

- We Can save Trees.

- It will improve the use of technology.

- We can save money also like few apps will give us discount/offers when we do payments by using their app.

- We Can save time too.

- When we start making digital payments there we start thinking about apps which are good for digital payment, and We will start research on that way to get a good one and which will keep us to learn new things.

- By this, we will be getting a clarity on every rupee where we are spending money because for every transaction we will get an msg/mail.

- We can easily carry a card than the cash.

- We can save from theft.

Let us start to make payments in DIGItal at least in metro/smart cities and B a part in DIGItal INDIA.

I feel digital payment is not only safe but is very much useful for going cashless. Going cashless is very easy and smooth in urban areas as people are well educated and aware of the various aspects of it. The success of digital payment mainly lie on its implementation in rural areas and I think it's not difficult. There are still some people in those are who think atm are also not secured so that percentage will always be there. So we have to see its effect in a broad way. The young generation of people in the rural areas are not getting educated and smarter and they know the use of technology well. So when an old guy from a rural area sends his boy to the bank to do some stuff, he does it on his smartphone.

So, going cashless is absolutely safe and fruitfull though it will take a little time.

Hi everyone,

First of all, every coin has two sides. As like cashless payment have also advantage or disadvantage, all of my friends told about the advantage and disadvantage so I think I don't need to explain it but I want to include that cashless payment is secure enough but it cannot be applied now because there are many regions in our country where people are not aware of this. But after 5 to 10 years, it can be fully implemented because after Jio plan in India, children have easy access to the internet and they came to know about how to pay by use of apps (like paytm, bhim aap, mobile App etc ) or debit card. Jio plan also kept a vital role to go cashless India. I think it should be implemented slowly. And I m happy with that gov. Already have taken steps to go cashless India. Thank you.

I'd like to go in favor of the given topic. With new age times, new age technology is coming and and we all need to update ourselves with the changing times. In order to move forward, we need to switch to digitalization as it serves a lot of purposes. Making digital payments online, would eliminate the need of carrying money personally, which in turn would reduce the petty crimes that happen on a daily basis like theft of wallet and etc. , thus reducing crimes also. Digital payments saves time also as we don't have to stand in long queues waiting for our turn. The only problem that I see as a con in digital payments is that it is still not a very secure mode of payment, since it is always under attack by hackers. However, digital payments have more pros than cons, hence I stand in favor of it.

Hi,

As we all know that the technology is growing up day today and it's a great task to be updated with the technologies. While considering the fact about digital payment I think it should be adopted as soon as we can it not only saves time but also helps in reducing corruption up to a certain. From that our economy can grow. But considering the whole India as my friends here said it will not be possible to implement this as a successful one because of the low literacy. So first of all awareness programs should be conducted, I'm sure that a certain portion of people will be facing the difficulties after that too. But their children or next generation will be useful with that. As far as security is concerned India must be updated. And then only the dream of digital payment will be successful.

It's my point of view it is 50 :50 chances because of India has educated people and uneducated people. In educated peoples know how to use digital transitions but come into uneducated people they don't know how to use they don't know what have to what don't have to do.

First, the Indian government has to one thing gather the list of uneducated people in urban and rural areas. In every where do awareness of using digital transitions? The officials always tell them how to use. What don't use?

The biggest problem is that the in India educated persons are trapped with hacker hands. They are lost of money because that people are too much trusted fake website Putin their website all details lost of their money.

But awareness programs conducting with not only uneducated but also educated people.

In my opinion, digitalization is much more effective but at a certain level. Actually, we are facing problems like not having more knowledge about the digital payment and they do mistake nd get cheated.

Hence if the following precautions will be considered, definitely it'll help a lot.

1. Don't share any information about your transaction if require visit nearby bank for instructions.
2. Beware from hackers activity.
3. Use heavy security protocol.
4. Get full information while transacting because it's all about money how would we go unaware.

And eventually govenment should make all learn how to go with cashless.

In conclusion, government is making our life digital, which other cuontries have already done, we should help modi to making India "incredible india".

Thanks,

Mitchell vishwa.