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

The digital payment is needed but not to a cashless India.

In this advantage, the work for engineers can be recruited more.

In the case of disadvantage:

Nowadays the Indian government is going worse and there will be no guarantee for the safe of cash.

Beyond to the safety, more Hackers are improving they can easily watch your current activities.

The problem is there is no safety for cash and in case of emergency, we cannot assure the ATM debit card credit card will work.

In my thought Having cash in our hand will be useful in the emergency case.

Doing digital payment there will be an extra charge for the payment is applicable in some banks and after some years the tax will be increased in order there is the large recruitment of IT sector peoples for the process to claim their salary.

In order to incorporate the digital transaction in India, the government has to do its part on establishing trust in people's minds. Even minor security breaches for some can stir up distrust in people at large and deter them for making this shift. The fact that cyber attacks are on the rise in the global community itself dissuades many. Hence, the government has to make sure that only secure transaction platforms make their way into the daily lives of people and any security breach is dealt with an iron fist. If these basics are set in place, the benefits of digitalization will speak for itself for even the backward communities who are new to mobile phones and the internet. Quick, easy and reliable payments would be cherished by all once the government succeeds in the above-mentioned role.

Hi friends.

To my opinion, it's a very good idea to be cashless for our country. Just think you have only got your mobile phone in your pocket, no wallet but you have money with you on your mobile phone yeah it is a good feeling, No need to take care of hard cash.

Digital payment, its not only the easy method to pay bills on one click but safe also. It is always difficult to carry huge amount with you but digital payments made this easier, moreover, the people of rural areas will get to know about new technology how to debited the money how to credited the money to your account. People do not need to give any explanation to the government about the money because all the money would be white. The digitalisation will be made everything easy for everyone just people need to be aware of this.

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.

Hello friends,

Yes, it is going to boost our economy and it is very much secure to use.

But the problem is that we can not go for it suddenly, it will take time to be fully accessible to every corner of our country.

It is fast, very much secure, easy to use, and record keeping.

We always wish to rule out black money from our society. I think it would be a move of trapping black money transactions instantly.

Our economic sections that is weak are poors, villagers and people who are adamant to change. (plz change your mindset and be flexible).

Poors don't have bank account, ATM and any other card to be used.

They don't know how to use.

And next is connectivity.

Some inclusive plans are under execution to sort out these problems and in near future, we will be like that we wish to see.

Hi everyone.

In my opinion, digital payment is one of the ways of payment but not enough to go cashless. Because right now 70-75% people do transaction physically. They are not fully educated to do transactions they have smartphones but don't have the ability to use it the way it needs to be used. Yes it is very effective you don't need to carry cash with your self there is fewer chances of robbery and other cases. But at the same point, there are many cases where cyber attacks happen. Your money will be deducted and you will not come to know about that. Recently, data of many people was leaked from Facebook, in the same way, many times our personal details are also leaked. To make the India economy to go cashless first we need to have a strong connection and strong secure data protection.

Digital payments save time, energy as well as paper. There is no need to carry liquid cash to everywhere which reduces the tension of theft. No need to waste our time in banks as we can do all transactions within a minute all by ourselves. There may be a problem of hacking which is to be overcome by providing advanced cybersecurity. Special departments and laws should be set up to reduce cyber crimes. As per current statistics, only 33. 2% of the population comes under Urban category what about the poor people they don't have the education or good network to get used to digital payments. Proper education should be provided and all fears and doubts on digital transactions are to be cleared in rural areas. The government, students, banks and, media all should come together to bring a change.

I think that the way to cashless is very good and secure too in a way to cash, cash can be easily stolen, the transaction are safe and if any kind of problem arises you have the service centre and if you think your account is hack you can complain in your bank. The way of cashless for indians is good for even reducing corruption and black money transfers I do agree with the ones who say that it is not good for uneducated people in rural areas but for them the oy help can be provided to make them understand how to use atm card because it is really good to go cashless in market and do upi transaction and use of paytm we can avail a special discount on the transfer too. And the bill payment through this app are really to helping, no need to go anywhere in a long to pay your electricity bill.

Good morning to all of you As according to me digital payment is secure but it is not secure enough first if you have to give huge amount to any company or people it is secure and if you have to take or bring money from the person who live in city then if you bring or take cash then it is risky or chance of robbery in these way digital payment is secure but in our country many people are iletrate and also have not afford gadgets for online payment then in these way it is not secure because if we don't know how to use any thing then how can we use it on large scale and also a problem of cyber crime or network is there so I think first change the mind of people then do it because it is a great way in the field of technology and also it is a chance to make our country educated and developed.

In my point of view, digital payments are secure enough for the Indian economy. Nowadays technology is developing very fast. One should take a huge step to change Indian economy, which was taken by Narendra Modi ji. Rather saying that our country is not having highly educated people bla bla we should give some awareness programes to village people. So that we can grow our Indian economy in very faster rate. I think awareness programes should be conducted in government schools, so that they can help their parents very easily in case of village people. Every change is good for us and we have to take it as positive. It may be difficult at starting but further it gives some good results. We should be with patience and have to support our government. It will be helpful to our next generations.