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

Hi everyone, in my point, digital payment will beneficial for us as well more secure.

Hello everyone, This is Dibyendu.

Going cashless is a need of time. Digitals payments are secured by 128 Bit end to end encryption. They are totally safe from the point of being robbed digitally. With Availablity of New technology, some precaution also comes; liking keeping the privacy and being aware of the fraud phone calls etc. Indian economy was very much liquid a few years ago but now the scenario is changing. Because of the increased faith in digital payments, the share of the digital money is increasing that shows the reliability and secureness of cashless economy in Indian Scenario.

Hello everyone.

Digital payments are well secured as there is no need to keep money in pockets. There is no need to worry about pickpockets. Corruption can be reduced to a large extent.

Hello everyone, Myself Purushotham reddy.

Digital payments is mostly secure for Indian economy. Government link the biometric procedure to all digital payments. We cannot stop all corruption in India but as compare to cash payments decrease the corruption. Suppose government giving money to (ex:old people) people. In some villages government workers are they do not gave money to that people. They were taken that money. Because of there were no biometric procedure. For that digital payments are more secure.

I am Feba George, in my opinion, digital payment is better, even thou it has both merits& demerits.

Digital payment reduces the flow of black money. It is necessary to provide better cyber-security to safe our cash from darkers.

The main demerits is that there are so many poor people who don't have any bank account and lack of education about digital life. But it is possible to educate the elders. So it's better to adopt digital payment system.

Hello everyone. Myself Ratnesh and in my view, Digital payment is the best way to fight corruption and black money. But it will take time to be completely implemented in India since it is still in developing stage and a lot of villages and places are there where people don't know about digital payment. There should be also some rules and activities to aware those people fro digital India which will lead to the next step of Fight against corruption. Yeah, I m also admitting the fact that it is not completely secure since there are corrupt people in the bank who leaks the personal information of the common man which is the threat for the cyber security. So for this, we can fit the camera in each room of the bank with the proper audio system and also there should be some strict law and order for such kind of illegal activity.

Yes, I completely agree with Digital payment is secure as it connects with the Adhaar card which is most secure. As it has the details of our fingerprint which decreases the chance of hacking. As well as it has many more security operations like OTP, registration only with the registration no. This thing affects the alarming increment of corruption as govt has all the details of the person's account.

But like every coin has two faces one darker one bright this procedure has darker side also like the agged, as well as rural public, is not so much engaged frek so this has the least impact on them but this thing is curable by making more people educated. And that too with hackers also we can only make our system more and more secure because nothing is perfect. Someone always gets the way to make find the loophole.

Yes, digital payment is secure for the Indian economy to go cashless by the help of (otp) one-time password. Like paytm, bhim these are very easy to send & received money by other. There are many advantages of digital payment but at this time India is not ready for digital payment. Rural area people are not that educated no Internet connectivity in rural area. And firstly Indian government should improve the cybersecurity system. And carrying a cash know a day is full of risk. So for the development of the country we should take these step necessary.

Yes. It is secure but some time it's insecure for our money. Which is stored in many online banking provided services. And we lost our money. Because many hacker are present in now days. Which are hack our accounts easily. So for the safe this type of things. We must be check our accounts properly in regular time period. So online payment it's good for us. But some it's harmful.

Yes! Absolutely digital payments are secure if we maintain our online accounts properly.

There are lot of advantages are there with digital payments especially we can demolish corruption, black money and no need to carry cash all the time with us.

The only thing we should do to secure our digital payment is to educate and bring awareness about the digital payments especially about how to secure our login credentials and how to maintain online accounts to the illiterates and in rural areas.