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

Education level in our country is very poor, because of this many problems are stand by in front of low educated people. This person do not know how to pay? I do not agree with secure digital payment, whenever the education level of India is not good.

According to me, this is the first step toward development to make India cashless but we need to create awareness specially in rural areas by making them aware of pros and cause of digital payment and now many applications developed for cashless money transaction but none of them can be 100% assure about there security. Recently many almighty twitter account got hacked, if our digital service securities aren't enough to secure for them then how can we expect such for us. We need to make it secure so that everyone will trust for making any cashless transaction.

I think its a marvelous step to curb on black money and corruption by this elite move government can keep eye on illegal transaction of money.

But there is some issue of cyber crime, so to make this move to be successful government also look forward to amendment of security issue.

Yes. All of you covered all the points that support cashless India. I just want to add one more point into it, Due to digital payment the major problems such as kidnapping, security threatening surely will reduce. Police can easily track them.

And funny part is no one has that courage to ask money by online or they will provide someone their Paytm number. Lesser the crime happier the nation.

I personally support digital economy because it is more safer and secure. But in our country, there is a large mass of population still have no proper access to internet. So large awareness is required and government should also give supporting benefits and cash discount in digital economy which will force more people to switch to digital economy.

I think it is better to go cashless as it is is totally totally cashless Atif I thought about secure than it is not secure enough because recently we had a case in Hyderabad that there was a robbery from ATM of someone says on not only even made the account in Paytm and his laptop rupees are there in August if you want to go Canada government regulations for the safety for us we can say is also known as it is totally useless but the government should in hanging camp reason to give the proper knowledge how to go cashless.

Thankyou.

Hi friends,

About my knowledge, digital payments are more secured way. But in India there are thousands of people who are uneducated in their point of view they don't how to transact their money by using Atm cards, and such netbanking services, so the government must provide awrness about the using of atms and some other services which are provided my government. In this way we can achieve some what of digital trasanctions in India and make our India as a Digital payments country.

By giving awareness about digital payments we must also explain security systems about how to secure theirs from hackers.

By making digital payments India also increases their annual income also and have chances to avoid corruption in India and make India as corruption free India.

Thank you.

India is one of the fast-growing nation in the world. Are digital payments secure for the Indian economy to go cashless? Absolutely no why because nowadays internet is ruling the world. The usage of internet is increasing day by day. Now, present days itself there are a lot of hackers around the world. Nowadays we are not having much secure algorithms. So hackers can easily loot the money. Because of that type of cyber crimes lot of nations like USA, Russia, Britain couldn't implement the fully cashless economy. As my concern, it is not good to India to go fully cashless. Our prime minister Narendra Modi Ji took the decision that demonitization is good even though a lot of people faced problems for certain period of time. The main reason behind the demonitization is a lot of illegal cash which is printed by some countries is entering the India. So to eradicate that problem our prime minister took that decision. Because of that some amount of black money also come to the light. But to say only common people faced lot of problems than rich As we seen that recently a group of hackers hacked one of the reputed banks in India. In future, there will be a lot of new techniques for hacking. So it is not good to make our Indian economy to go fully cashless. Bharat Mata ki jay.

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, digital payments is a secure way and a very nice step of Indian government to go cashless. Of course it will reduce fraud, corruption, and terrorism because of the more liquidity in the market the more chances of corruption and fraud. Also, it will save time and efforts. I read all the comments above some are arguing that in rural areas most of the people don't know how to use ATM cards, online transactions etc. So I want to put a single point that only 10 years ago had they any idea about touch screen phones? Nowadays they are using it without any issues. Every good thing take time, so it will also take some time and will be in line even in rural areas.

Thanks.