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

Hello friends,

As we know, all that our India is a fast growing and developing country. Now people have good skills and efficiency as compared to last few years. Science has been deployed on everyone's life. Everyone getting its advantages directly or indirectly. Cashless is also such trends. It gives good impacts on everyone's life. People are changing according to science as it grows. Let me tell you an example regarding my fact.

Suppose a man having ATM card can't take advantage of it till he has a need of it. If he has cash in his pocket than why he use ATM. But ATM is a good thing it provides security, portability and relevant ways to pay and check the balance. If someone tried to manipulate you at ATM Machines than we can lock our ATM card also.

No need to keep a lot of money in a pocket just go through your ATM. There is no need of any mobile phone, no much knowledge. But he is also getting some important knowledge about science. Peoples works for 8 hours as a labour and earns some money vie hand if he has money in hand his mind alternatively enforce him to purchase it although he has no need of this very thing. But if the payment will be done via account then he can collect all money and expense in good works.

There may be also some bad consequences of go cashless but it changing the daily life and making our country growth full, developing and strength full. We can handle some little problems also rather than thinking about the people those are unable to go through cashless we should teach them, about the science and cashless technology.

Thank you.

Hello, friends.

The term cashless seams to be very attractive but the reality is today in India we cannot go totally cashless these is due to two reasons first in India everyone is not so educated that cashless mode could be operative by masses and secondly the increase of hacking. There is an increase in the number of cases where people's credit or debit card were missed used for the complete cashless economy we need a base of education and securitization. Indian economy lacks in both so it's hard to say that if Indian economy is ready to go cashless.

Thanks.

Hello friends,

I would like to conclude from the discussion, Its positive point for India to go cashless, which can help people to make their work done very fast. Its a very efficient system in country with huge population. As we all know, with every pros there are some cons. This system is actually useful and efficient for the population who are acquainted with computers, smartphones and other technologies. But the population who is living in villages and considered as backward class has to be educated about the basics of using smartphones and computers, so that whole India can efficiently use "go cashless system". Something has to be done for Cyber crimes and other monetary crimes. If all these cons will be resolved or atleast some steps will be taken, Then its big advantage for country to go cashless.

Hiii.

My name is Ganesh.

According to me Digital payment is day by day becoming more secure and one day will came when we can freely do our payments or transaction without any hesitation.

Also we have seen that according to year 2016 there is 22% increase in digital payment it shows that peopleare try to use digital payments methods instaed of cash. Google is lounging the secure app known as tze which will help us to do payment more easily and safely.

Because of this the persons who didn't know anything about the todays generation they will also start learning and will try to use digital system of India.

In cashless transactions both advantages and disadvantages are there, in that some what I shared to you,

Yes, digital payments are very easy for this generations. It makes easy way to banking through internet.

Digital payments are safe answer secure transactions and also traced. Even it helps to reduce corruption.

Disadvantages.

The digital payments makes extra charges and services. Time consumption and also hacking.

But most of the thing is that woithout awareness, India will not take very long time for cashless transactions.

I think it's a huge step that takes our government and by the help of these steps, we can reduce the corruption and black money because our all transaction are transparent that's the big success of our government. And by the help of these practices, I think we can get our dreams that we want.

Good Morning Everyone.

I think it is not more secure to go to cashless for the Indian economy. But it will definitely become such. Because it is our first step to go a step forward on this way. And we all know, in staring we face a lot of difficulties in every work but after a lot of practices and hard work we get the success and an easy going way also. So we can definitely say that it will be better for ourselves and our economy.

Good afternoon everyone.

My name is Granthana Dutta,

I want to highlight some points, on this topic.

Is digital payment is secure enough for the Indian economy to go cashless ?

Yes, digital payment is secure, reliable, easy and fast.

If I relate with the presence condition of Indian economy I would like to say online payments are so more time saving, so that by using apps we can send our money to bank account. In shopping malls, we don't need to carry a huge amount of money because if it gt stolen somehow and also as well if we are carry our debit or credit cards if cards get stolen we can immediately gve a can to bank and can it easly. For school or college fees we can also do the transaction easliy via online apps.

Also In rural areas I should mentioned that govt so give the people some time and help them to knew how it's beneficial and time saving, because in rural areas, they get scared to use it for there money shortage in the bank bank so they repudiated it easily.

All over these digital payment, is something which is very much help and it should solemmized well day by day.

Hii I'm Bindu,

According to me, digital payments are not secure enough for Indian Economy. As India is developing the country and literacy rate is almost 70% so not all the people has the knowledge of internet and most of the rural areas don't have the access to internet.

Apart from this, there is a security issue. There may be a chance of hacking account details and misusing it.

I think the digital payments are very helpful in making transactions however these payments gateways are prone to hacking which they claim is not, however, continuous improvement and upgradation in technology are required to keep the best for use.