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

Hello guys, digital payments may save our time, our money from thieves but still there are some rural areas or some people who are not as much aware as us, so it is not so easy to having a environment of cashless India. According to my point of view, first we make aware all about digital mode of payments and then it is beneficial for our economy to go cashless.

In my point of view, It is not so helpfully because there are still some areas who don't have the knowledge of digital money. During the time of disasters like floods, tsunami, etc. We have to face the problems which were already happened.

Yes, they are. You never know, who steals your purse with cash when you go out and you have to be careful all the time checking your purse. Well, digital payments are made secure with the password, OTP generation etc. Which are completely under our control and no fear of losing them.

Digital payment is so useful. It is time saving and a big indirect step towards anti-corruption. There are many hackers who are trying to hack the account but it is the responsibility of banks to look out our money. We should not afraid of them. Safe online banking instructions to be given to everyone. I said it is a step towards anti-corruption because black money can't be hidden in digital banking. No one can hide their transactions from the government. They have to pay actual tax.

According to my point of view, Yes, the Digital payments are Secure for the Indian economy to go cashless. Why because the cash payments will be unfortunately missed or thieves may pick. Even though digital payments also having some problems are there. Hackers are hacking their Account and then picking the money from their account. If may some rural people don't aware of unwanted phone calls, He/She will attend the phone call and say PIN, CVV, Card Number, OTP and etc. It will helpful for hackers. So the digital payments are also Not secure.

Digital payments are a good option for quick and time saving but there is a security issue raise because the number of hackers and another miss conduct authorities take the benefit and miss use the account number or any digital payment. When Jio SIM is free then people use their smartphones and they learn about the payments and other benefits digitally. Cryptocurrency also used in other countries but in our country, it's become very much difficult as there is no such system that we track the record So recently Indian government decided not to allow these type of currency legal. Some good aspects is also there for digital payments. We have not to queue in banks and the payments from one place to another becomes very much easier.

When we talk about going cashless the point which is implied is that cash transactions are not safe and that when an individual pays for the transaction there is no proof that whether the cash used is hard earned or earned through corrupt means. So when we think of going cashless it is surely a positive initiative as it would mean that the money used in the transaction is surely white in nature as the explanation can be demanded then and there. Now it is well known that there are many cases of cyber fraud and thefts so government should strengthen the cyber laws and study the cases of cyber frauds carefully so that none of that sort happens in near future. By doing this the government will be able to reach its ultimate goal for which the whole initiative is for i.e. to remove corruption. Now, all we can do is wish the government all the luck and do our bit as well by reporting cyber frauds if we come across any and not ignore it.

Hi everyone I am Neelima.

In my point view, digital payment is the best source of payment because its save time through the online we don't have a need to stand in lines for a long time. We can go anywhere without cash with of digital payments if we go with money we should be in full of fear and stress because of having money. Though the government is trying its best recently it introduced an app called Bhim where all transaction are made digital. Offcourse, digital payment is helpful to increase the growth of India and increase the reputation of Indian market among the international market.

Hi everyone, we are welcome always cashless economy in the modern technology world.

Before that, we have to think about the infrastructure of our nation. In our nation there are some parts are well educated and highly Business class peoples those who aware of the technology world. The other side is full of non-educated peoples who are living in the rural region. Even peoples don't have mobile phones. How could you reach the cashless economy to the rural region? Still, I can see the peoples who don't know how to use ATM machine, how could you reach your cashless economy to these people's. Recently I have seen peoples are begging for their own foods in one of the major city in Chennai Bz of the flooded. There is full of a power cut. Peoples struggled to survive their life. No electricity no networks in mobile phones. In the scenario is this cashless economy help that peoples? If you're planning the cashless Indian economy, you should improve the entire structure of Indian environment. Otherwise, it's useless. This is not secure apart from the hackers.

I don't think digital payment is secure enough. People can't believe it to transfer big amount of money. Yeah, it's helpful. People save time, Don't have to stand in a queue in banks. India should go digital but security should be high.