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

Digital payments are indeed the best way to pay your bills as you don't have to go anywhere and with just a click your bill will be paid. But as everything has its pros and cons we should not forget how risky these transactions can be sometimes. The account can be hacked or the transaction from fraud sites may empty your account balance. So while doing transactions you should have adequate knowledge of the particular site. In India Digitization has recently been introduced so many of the people have inadequate knowledge. But as every new thing takes time to grow. We want our country to grow but at the same time, we don't want to adopt new changes.

I think Digital payments are secure only if we use it with awareness and This is good to go for cashless but the government must make awareness program and the public should take it seriously.

Obviously, India secured 1st position in digital payment all over the world. By doing many digital transactions we can have proper proof to every payment that we made. As a result, we won't have to blame mercenaries who misappropriate the money of our government. If anyone tries to theft the money we will have all the security with proof. So don't bother to make digital payments, they are safe because it depends upon the digital proof.

For literate people, digital payment is good, since it is flexible and easily transferable and within seconds amount reached to person's account but these days it is quite irritating as well some times amount gets deducted from the account due to certain reasons and that amount not reached to depositer account. My request is Centre government should look into this, they can talk to all degital payment application authorities to provide their customers care support number so that people can interact with customer one to directly instead of using customised options. Thank you.

Through Digital payment only we can become a cashless nation. But the fact of the matter is until and unless digital payment not secured no one wants to go digital.

What happen if one's transaction failed!

Why citizens want to pay digitally if there is a transaction charge on each payment.

The government should have to look on these matters.

And am sure our digital hero will look upon these matters.

And soon INDIA will become a cashless nation.

Thank you for attention!

I will support with DIGItal payments.

We do have several benefits by doing this.

- We Can save Trees.

- It will improve the use of technology.

- We can save money also like few apps will give us discount/offers when we do payments by using their app.

- We Can save time too.

- When we start making digital payments there we start thinking about apps which are good for digital payment, and We will start research on that way to get a good one and which will keep us to learn new things.

- By this, we will be getting a clarity on every rupee where we are spending money because for every transaction we will get an msg/mail.

- We can easily carry a card than the cash.

- We can save from theft.

Let us start to make payments in DIGItal at least in metro/smart cities and B a part in DIGItal INDIA.

Hello everyone,

As we all know that India is a developing country, and PM Modi's initiative to switch to cashless payment is recommendable. Indian Government has also introduced an application named BHIM for making online transaction process easy. Even if we notice Paytm is also playing a very good role in digitalization. Digital payments are not only secure, safe, easy to use. But will also help Government to trace the black money in the country. The main problem comes in when we focus on rural areas. As more than 60% India is rural, and not much among them are aware of the digital process so it'll be difficult for them to adapt this change. But if Bank provides better services and take some initiative to make them understand benefits and importance of online transaction, they'll try to adapt the change, they'll show interest in learning it and will definitely bring change.

No big change happens overnight. It takes some time and if being youngsters we support this initiative and put a step forward towards it. It'll prove as the biggest achievement of the India. Sikhega India tabhi to Badlega India!

Thank You.

Greetings everyone,

Talking about digital payments and digital economy.

The long goal of digitalisation of markets in India can be achieved only when merchants and day-to-day users will be aware of the working concept of digital payments.

Talking about the security feature of these payment systems, every payment in digital world is secure but till a extent. Since we are talking about computers we must tell be knowing about algorithms.

All algorithms are not always secure. Every algorithm has its flaws.

So, if we need to view India as a digital economy,

We must educate peoples and third- party app developers about VPNs (Virtual Private Networks) and cookies to secure each transaction at such a great extent that hackers might not collect much data about the attacker.

If we succeed in achieving this, we can easily imagine India as a digital economy as Kenya and other countries.

In my opinion following steps must be followed to ensure that no fraud takes place. :-.

1) Educate everyone about digital transactions and their benefits.

2) Give them the knowledge of VPNs such as how they secure each transaction.

3) Promoters of digital payments must create a network in each city and town to help peoples regarding this.

4) Greed the merchants and customers by telling them about cashback schemes on digital payments so that more and more peoples participate in this.

5) The biggest change is 'ME'. Develop this feeling in everyone.

Hi, everyone.

The topic is Indian economy to cashless.

In India 80% people they don't know how to do transaction in online, And some poor people they don't know how the atm card use in atm machines, And they don't know the password keep safe or not, So my opinion is to give a training to poor peoples in rural areas is some thing helpfull to India.

Hello, friends.

In my opinion, the cashless economy will definitely help in the development of our county. But when it comes to the security of cashless transactions India is not a much-developed country and a large population of India in not fully aware of the process of Online or cashless transactions even the educated people sometimes hesitate in an online transaction.

So before making Indian economy cashless a proper knowledge should be provided to the peoples. And most important points are the points they must not do to make their transactions secure. These points must be focused most.