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

Hello everyone.

In my opinion, digital payments is secure enough rather than to go cashless for the Indian economy because it reduces the crimes happened and the black money problem. As said by Narendra Modi to make India digital and also said its benefits how it is essential. Everyone wants that their work should be done immediately and they don't have to stand in a long queue and for this digital payments will be more beneficial. Through this, there will be a faster response in the transfer of money.

As some of my friends said, that digital payments are not secure enough as there is a hacking problem and also that in rural areas everyone in not aware of this digital payments. So for this governments has to put some security and in the computer, there should be a tight security so that hacking problems should be finished. And in rural areas government Sent some people who can make them aware of this digital mode of payment.

If all these types of actions are taken then one day there will be the happy life of people which will help in securing our Indian economy.

That's all.

Thank you.

Only digital banking is not enough to secure to go cashless. 1st off all, we don't know, what is digital banking. We are not proficient in computer. There is 100 crore people are residing in India. How many of them know, how to use a computer. By digital payments, rural peoples depend on others. It is not good for our society. Gradually, we have to proceed towards digital payment. I accept it is a very good initiative by our government. But we people have to digest it. Hope it will take at least 30 to 50 years to digest.

Digital payment is quite good. As far as rural people are concerned, they should have perfect knowledge & trust on the online transaction. Normally people in rural are full of fear & most of them can't develop a feeling of (like cash) in yourself. The government should start programs visiting village to village.

Unless our country fully gets developed digital payment should not be mandatory as rural people are not well aware of that. But in development point of view digital payment implementation is very necessary and also corruption will also get low down. There should be proper planning committee about introducing technology for new era while also considering those people who don't HV any access to the technology.

Hi, In my point of view, it is good to go cashless but without making any charges. If govt make any charges for digital transaction then people will not use digital transactions because they are loosing their money in the way of taxes.

In my point of view, digital transactions are very safe. Here so many of told that the rural place can't enough knowledge for doing the digital transaction. It's acceptable but nowadays so many of people 90% of people using phone out of 100%. And they all know to use the internet. But the major issue was a network problem. It's rectified they are also doing the digital transaction.

In my point of view, digital payments are more convinent way to go cashless. And all banks provide us 3D security for transanction. They did theire best to give security for our transction. But we also have to aware about our all bank details and we have to handle this all work with responsility. If user uses those services with awareness and responsibly then I dn't think thank our money is in any danger. Afterall its also depends on us because if we use it carefully then no one can event touch our money without our permission.

If we are talking about hackers now a days bank make that security very tight so there very few chances of hacking our account.

And there are more benifits of digital transaction. If we see overall there are 90% transaction are cashless. Because the people don't have enough time go to bank and stand for long time to make theire transaction every one wants it as quick as possible. So if we taklking abuot digital transaction in my point of view these transaction are very safe and everyone using it. But we also neet to do every transaction securely if we took care of that then there is no problem to go cashless.

Now talking about rural area there are many problems like network problem and the lack of knowledge that people have. But if see these problmes are minor because now a days mobioe operators are trying to give better internets services in rural areas so in some network problem will be solved. So network problm is not the main problem in rural are might be some area facing it but it will be solved in someday. But the main problem that rural area is facing that is the knowledge the people don't have the knowledge and they feel unsecure about digital transaction because of there lack of knowledge. And this is the main problem in rural area. If youth take initative to educates people or at least edcates there family this problem can also slove. There are many student from rural area who are taking education from the city and they all know about digital transaction and they did every day every week every month. So they know all abuot digital transaction how it works how we can use it and all the things. If they take initative to teach theire family how to use digital transaction and how we can use it securely and all the things about digital transsaction. Then rural area people can use these services. And the main thing is that rural area peoples are very curious about these things they want to use it they want to know about it and they also curious about to learn these things but the problem is no one is giving the knowledge to them even bank also. And only because of lack of knowledge these people scared to make digital transaction or using this services. So if the student blongs from rural area take this initative to educates theire families then rural area people also can use these services. And if you ask me is digital transaction safe or not then my answer is yes these digital transaction is safe and more reliable way to live. Thank you.

Digital payments are not safe at all. There are various concerned about it.

1. As we know that one has to know about the digital methods to make the digital transactions which is not convenient to everyone, due to lack of knowledge and fear to lose money.

2. As on digital platform, there is a lot of danger of hackers. Which can make the payment safety critical.

3. The problem of networks in rural areas cause server problem, and the transaction can be held for a lot of time.

Hence overall if concluded in my opinion then they are not safe.

In my point of view, is it secure or not is based on the person using it. If the person is good enough in technology then no problem arises. But the problem is with the uneducated people. Government and banks have to educate the people by conducting awareness programs. Even educated people also fall into the trap by the hackers. Digital payments reduce the corruption and it eradicates the problem with the pickpocketers. But in rural areas, there are network problems. If the internet is reaching to rural areas and people are educated then digital payment will be secured in India.

Hello everyone.

Each topic has own pros and cons.

So for this topic;

Pros are,
1) time-saving don't stand in long queue.
2) faster response transfer money in Sec.

Cons
1) for digitalisation better connectivity but in rural areas 4g is not available.
2) many people even don't know how to sweep screen touch mobile. Lack of awareness.
3) most important point is security. We heard daily about hackers.