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

Hello everyone. Myself Ratnesh and in my view, Digital payment is the best way to fight corruption and black money. But it will take time to be completely implemented in India since it is still in developing stage and a lot of villages and places are there where people don't know about digital payment. There should be also some rules and activities to aware those people fro digital India which will lead to the next step of Fight against corruption. Yeah, I m also admitting the fact that it is not completely secure since there are corrupt people in the bank who leaks the personal information of the common man which is the threat for the cyber security. So for this, we can fit the camera in each room of the bank with the proper audio system and also there should be some strict law and order for such kind of illegal activity.

Yes, digital payment is most important in India because it will reduce the corruption in India. It is further stepping towards the digital India. By the digitalization, the transaction will be safe and secure and there will be no incident of fraud or other. But this programme will be successful when almost people all know about the cashless transaction. Government should be open digitalization center in rural and backward areas & which are taught the rule & regulation of cashless payment.

Yes Modi 's digital payment scheme for growth of Indian economy is a good sign for all of us. It will surely improve our economy status. As per as the previous records. There are lot of issues we all have faced in regular basis regarding money transaction by hand to hand. Like there are some agent in India who are mainly working on making those fake notes. N because of them we facing sometimes worst situation. So this is a time for all the Indians whether it is a rural or urban no matters, it's our country. If we have potential to make our country cashless which can remove corruption up to certain level. Dn this is a golden chance to adopt digital payment scheme.

Hi friends,

My name is Nivetha, now I am going to discuss are digital payments secure enough for the Indian economy to go Cashless it takes more to become cashless India because of Illiteracy. In villages even they don't anything about mobile phones and internet connection even if they know about internet connection speed of net is very less but cost is very high.

Digital payment is secure and govt took a good step because by the help of plastic money govt can recover the black money. But now it not work in the whole country because most of the people in our country are uneducated so they think it is not safe or so before the making a cashless India. Everyone should he educated.

Yes, digital payments secure enough for the Indian economy to go cashless but we should not forget about rural areas of India where people don't know about it until they are able to do it we can't make it cashless so we should teach them first about this digital payment then slowly we make it cashless.

There is a renowned proverb saying "A bird in the hand is better than two in the bush". Today we have zest and skill to make India a developed nation and 'digital India' is one such rung of the ladder which can shape this dream. We will not be able to find the solution of a problem until we encounter it, so what is actually needed is firm and strict laws against prudent hackers and cyber criminals and strong protection for data of each and every individual. We should have vigil eye on every payment and should nub the unauthorized person.

Digital India can make our country stand in the queue of powerful countries of the world. It helps in recognizing the genuine individual of the nation. Digital India will lead to less corruption and less middleman involvement. Even if we ignore all these advantages, digital India is saving our environment which is itself a huge applaudable condition for this burgeoning population.

So, I logically infer that we should unite to encourage this wonderful step, with a vigil eye on corrupted.

I personally admire the step that our government has taken in last few months to make our economy cashless by introducing motivating steps to encourage more and more e-transactions like using mobile wallet, plastic card, online transactions, e-banking, running various advertisement campaign to aware the public how to take the benefits by opting e-transactions over cash transactions as they are fully transparent and easily traceable in the eye of government so there is lesser or no chance of black money, money laundering, bribery, and so other odds can be nullified parallel in our economy.

I know the that initially, it seems to be a big milestone to implement and several challenges need to be faced like less education about e-commerce, adaptability to new products proper use and handling with less error and safety, Network spoof and their best implement at right time so it can be best utilized by number of pool.

Yes

1. If we follow the guidelines: There are a set of rules that need to be followed to keep your digital banking secure and free of phishing. If we take care of those little points which we usually ignore, it is not very difficult to stay secure with the digital payment system. People usually miss on the small but essential guidelines that maintain secure payment system.

2. Being worked upon: Mobile banking apps, wallets, payment banks are working overtime to help improve the security level from time to time. It is essential that people upgrade their applications from time to time when a new update is available. Instead of panicking, we should try to be more alert on digital security and make other people aware too.

3. New measures: The good news is that Qualcomm is already approaching digital payment companies to help secure their payment system. Soon Qualcomm is said to be coming up with a its new features in mobile chipset that will verify user with payment gateway using unique features that will be hard to hack or bring glitch into.

No

1. Qualcomm report: Qualcomm has reported that most banking applications in India don't run on hardware security. They run on Android mode and use password can be stolen. Fingerprints that some users use can also be captured and used to sneak into your account. Security is one of the biggest challenges with digital payments and wallets. If we cannot be provided with that, cashless economy is a far dream.

2. Hackers everywhere: It is not long back when ATM fraudulence disturbed a lot of people who lost money and had to wait for quite a long time to get it refunded from banks. Over the last week, we saw that twitter handles of prominent leaders were hacked and abusive posts were made from it. Email databases were accessed. The biggest issue in US at the moment is also on Russian hackers accessing the system of party members and their databases. This is a scary enough tale for a nation that plans on going cashless.

3. Falling into traps: If latest reports of Norton Cyber Security Insights are to be believed Indians are the most prone to falling into tramps of phishing and hacking. We just don't know when to click and when to simply avoid. The ads are not always secure and we aren't supposed to clicking on things randomly but that is not known to most people who are either using digital payments or wallets for the first time or using Smartphone for the first time.

4. Helping isn't really help: Recently our PM asked digitally literates to help at least 10 others who are not used to the process of online transactions and digital payment system. The problem with this is that digital banking and e-wallets are actually things that should be personal to someone. You just don't want anyone else to peek into your stuff when it comes to money matters. It is getting more and easier for someone to take undue advantage of your innocence and the next moment one can be robbed of whatever little they saved up.

5. Lack of security st

Of course, with the advancement in technology around us, we can make payments better through digital approach but at the same time if we can assure the security for our payments then the transactions can be done securely, smoothly and intelligently.