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

At present, digital payments is secure & achieving new success every day if you see increase use of app in urban man life is phenomenal & you can connect the success story with the digital payment gateways, Yes digital payment is need of hours it make life easy for the urban educated men. But considering our 25% GDP coming from agricultural which don't have infrastructure & know-how for the digital transaction. And considering Indian literacy rate is low & there are seniors citizen who have very less exposure of digital payment & Indian villages where majority of population leaves they are very prone for digital transaction fraud & our majority of Indian people are not prepared cashless. So, it better to wait for & trained people for a digital payment gateway.

Hello friends,

In my opinion, digital payment helps to faster our transactions. But all the technology has its own pros and cons, modern digital technology helps to faster the transactions. But it cannot be sure that it is secure to enough. Another major disadvantage of this digital payment is it cannot be applicable in rural areas and villages. Online transactions are risky threat to not educated peoples, they will face the major problem as they unaware of smartphones and the modern technology. Most important advantage of the this sector fastest online payment system and we can save time. The government should take suitable steps to secure the online transaction. It is a suitable for the Indian economy to go for cashless. But we are aware about the threats and take steps to avoid them.

It's a good topic.

India is having good economy since 2 years because in this year crores of bank accounts have been open and people started money saving. Digitalisation of payment will help to the strong Indian economy. Digital payment makes people educated in this modern era. People will keep their money in bank beside of home or any safe custody, it will help to the strong economy. People will also save their time. Get Commission through online transaction. Away from the risk of theft and loss of money.

Govt is also making a plan to educate the people of the country by awareness program. Advertising. Shops and malls have also given dirn to educate the people to make India digital. It will keep your account statement in the finger tip. It will also help to reduce black money.

Thanks

Partially, I agree with the idea of digital payments as it can be useful in urban area, but as India is a country with more rural parts it can't b implemented in rural areas due to various reason, one such main reason is because of illiteracy among most of the people living in rural areas, and the people living in rural areas find it difficult to make digital payments as they are not aware of the technology and the procedures of digital payments. Another major issue is network connection as Internet facility is not available in many rural places, and security issues as nowadays we come across hackers hacking the AC so although digital payments is secure enough for the Indian economy to go cashless because of all the above reasons the idea of digital payments is not completely agreeable.

I see this situation as an opportunity to bring up India out of corruption, poverty and iiletracy. Since demonetization people have come to understand what is ATM, net banking I believe with time we will cope up with the challenges expressed earlier by many of my friends. If we want change it should begin from I, thus its my your and our responsibility to work together to fight against cyber crime. Literate people like me can work together organize small campaign in your society itself to make them aware about the changing world. It was really fascinating for me to see a note "ATM cards are accepted here" around a small thela near the tourist place. PAYTM being accepted by taxis this are the opportunities for us to go cashless and fight against the corruption that pulls India back foot.

My opinion is Yes, digital payments are secure enough to go cashless, 10 years back there were no awareness and technology about digital payments, in that day's people are using direct cash for their payments, like public sector bills (E.B, train) but the population of India is drastically increasing so the facilities must be increased and also it's a time consuming one, people are very busy in the fast growing world the only option is digital payments there is a small lag for this technology in rural areas however this can be improved by keeping help centres for assisting peoples only one smart phone is enough. Coming to security digital payments are not so secure, there is a possibility of hacking. By giving awareness about hacking we can reduce but we can't completely eliminate this.

Good evening friends,

We all are heading towards digitized world which is making our life easier and easier but do we exactly know that it is secured enough to rely on it. According to me they are using hardware level security which is mandatory for secure online transactions, if we are aware of the little little points which is prescribed generally which we ignore usually to stay secure so its not very difficult to stay secure with digital payment system. Its our duty to be upgrade or update our application when new version with new security and facility available. These digital payment are secured till we are alert on digital security and make other people aware too. It should be rectified on a daily basis and improvise continously otherwise India as a cashless society is a 'dream'.

Hai everyone.

In my opinion, digital payments to go cashless is a very good thing to use. In our society, every man or woman earn money with hardwork so mainly the rural people are mathematically run their lifestyles so they won't be able to spend money easily, for example, they go by auto to somewhere they have 20 rupees but charge is 15 rupees they didn't have change and auto driver also didn't have change so here the excess money credit to auto driver but debit to the common people. For those illiterate or common people or rural people must want this digital payment then they save money easily. Some of the people think there is most from things done this digital payment but the government increasing more security alerts so we didn't have any problems for using this digital payment.

Yes, I do agree with the mentioned comments, and yes, definitely digital payment is secure enough to go. However, we may have seen the hacking cases everywhere but if we believe every coins has two sides or pros and cons and for fully implementing the programme it will take time to execute it perfectly. For that, we need the robust technology and bring awareness to every corner of the country. There is also need of awareness and use of dig secure app so that it will benefit every citizen of the country. Although govt has taken many initiatives, IMPS, BHIM app is the best example, through which we can transfer the funds digitally without involving a third party and safe transaction.

Let us hope that, it would bring dynamic changes in the society and achieve the goal of digital payment.

It has been a privilege for us to know more about digital payments yet people of our previous generations are sceptical to use it. They do know about all kinds of proceedings to make digital payments yet they prefer to go for cash payments. They fear the glitches of the system which can be very minute and can be rectified. Again with the campaigns going across India to make people understand the importance of digitalisation they are trying hard but the fact that illiteracy and poverty exist it becomes a great barrier for people to grasp all the new advancements.

In my opinion, they are secure and should be an integral part of the Indian economy yet going totally cashless it is going to take a long time. People should use more of Paytm TEZ BHIM etc apps to get to know more about these.