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

Yeah, of course, digital payments system reduce our stress, by this scheme our transactions will become easier, within sec we do all the things, reduce time, fairness etc but at the same time debate will also going on another side about this. In cash payment we feared, cash to be secured and complete the process without any sufferings it's our responsibility to secure our cash. Many of us think it's better to use digital payments for these reasons but the real problem occurs in digital payment because nowadays people hack the details of the famous, well-known companies easily, so it's not a big deal to hack individual details our personal important id's such as Aadar etc That will affect us really bad, so we do only one thing i.e. we have to be aware and keep safe of our details.

Hello everyone I am Seema well our topic are digital payments secure for the Indian economy to go cashless.

Is very interesting. In my opinion people are now digitally well versed for eg online purchasing etc when we purchase online by using atms while transaction they will ask otp number very secure. But while using atm and our card is lost people can use that card to withdraw money while informing banks it will take time by the time if any body knowing the pin number easily withdraw money from atm. What bank does it will block the card, in my opinion is that digital payments are secure for our Indian economy. But only thing is that we.

Must educate people by social campaigns etc. So other people who are illiterate digitally atleast get some knowlege, and they can practice it.

In my point of view digital payments are secure & faster for Indian economy. Here have some points for that I think its beneficial for us-.

1. First & prime thing is that, whole transaction will be traceable which would be help to do for better policy for us.

2. Economy growth will be increased, because.

Usually when we get payment from someone by cash and after that if that money sit back at home then it can't grow. In a same situation if we take that money in our bank, it will increase our money even it is for some time also.

There have many kinds beneficial thing which we can get from this digital economy not by 'NOTE' economy.

And the other side's of it, if we talk about infrastructure. Then, everything has a first step after that stage by stage usually it grow.

Modi took great decision to make India to be greater economic country. Yes it's possible when we tell to our surrounding persons who are not known about this digitality and tell them who are illiterate should make their sons /daughters if they were child labour. Because why we should aware means there is large corruption going in India. Due to this, we are not having poor to become rich, at least to be a making their livelihood from which to feed their families. First we need to protect environment which has our surrounding, that lead to good environment to them, from which they can have food and earn happiness, from which gets great nation which gives good education to their families pupils, then which makes digital world. Before you should be aware about this to tell someone.

Change is the law of the universe. By the time we have to change ourself, update ourself, bringing new skill in ourself. As a developing country we are not fully prepared for digital payments but partially we can go cashless as it will help to get rid of corruption in our country. But we need to teach the people who are underprivileged about digital payment because everyone in this country does not know about the same. In starting it will have it cons but somehow we have to find ways to get rid of it. Our govt should do something towards the awareness of digital payment. As the digital payment requires internet connections it may have server problems many times so govt should find a way to get rid of that.

Considerably we can bring digital payments in our daily life partially.

We all know that India is a developing country. Many initiatives are needed to make this country developed. In this way, DIGITAL PAYMENT is a better initiative idea because MANY DROPS MAKE THE OCEAN. So, my point of view Digital payment is better but it is not secure 100% by Cyber attacks. The probability of cyber attack is very few in our country because our country always trying to reduce these type of attacks and succeed largely. Apart from these sides Digital payment is not so much time consuming, nowadays a large number of the population have smartphones and every person has not enough time, they can save their time through digital payments. Actually, every child can also pay their bills at home through digital payments. Many companies already believe on digital payments.

Hello everyone,

I think that digital payments are secure enough for the Indian economy to go cashless because now, we don't have to carry the cash with us every time. Digital payment is a boon to the Indian economy. There are a lot of apps and e-wallets like paytm, mobikwick etc. Which helps us to perform digitized transactions smoothly. Nowadays, small shops like food and tea stalls also have the options for paytm and all.

Carrying and paying in cash everywhere was not so easy. Sometimes in need, there were no ATMs around to get the money. There is a major problem of getting change when we have to pay a small amount like Rs. 20-30 and we have the money in the form of a Rs. 500 note. So, digital payments have also solved this problem and have made transactions easier for us.

According to me, a digital payment has both positive and negative side exactly as a coin has two sides. It is beneficial because it makes transaction easy, quick and safe. It will also help in the development of our economy. It may also lead to the reduction of unemployment in our country which is a major problem in our country.

Now talking about a problem regarding digital payment the main problem is concerned with the implementation of this plan. Without providing the facilities, knowledge this program has been executed. First of all the government should have worked on providing the facilities like proper internet connection, proper Networking, educating people about the benefits of digital payment etc. This will definitely lead to the proper implementation of this plan.

Hello guys.

According to me, digital payment is the new era for our Indian economy.

Digital payment is secured, easy and fast.

The one with the digital payment have their transaction id with them which can help them for future problems.

For making this digital payment successful in India, government have to make full effort towards our villages. Through the right effort, people will get educated they get the sufficient knowledge they will explore by interacting with the internet etc.

So this is the step which is very good for the development of rural areas of our country.

This digital payment is time saving too.

Busy employees, hard working villagers will not have to stand in long que and make themselves more tired, this will make their life easy too in many aspects.

At a time when the entire nation is either excited or furious about embracing digital payments and going cashless, Qualcomm brings us a bad news. According to the American chipset maker, no digital payment app used in India is completely secure. They are of the view that wallets and mobile banking applications in India are not using hardware level security that is mandatory for secure online transactions.

Yes,

If we follow the guidelines: There are a set of rules that need to be followed to keep your digital banking secure and free of phishing. If we take care of those little points which we usually ignore, it is not very difficult to stay secure with the digital payment system. People usually miss on the small but essential guidelines that maintain secure payment system.