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

My opinon about digital India is it a good intiative taken by our government, now a daysmost of them telling that implementation of this method is at wrong time then my question is today or tomorrow or maybe n future your are going to implement this method why don't that day be today.

When you are going cashless you have so many benefits like you don't need to worry about your money as it is not in physical form with you by digital payments you can even save your time you can easily transfer your money from one account to another.

Atlast, what my opinion is digital payment is a Good initiative taken by our government and it's not only the duty of the government but it's our duty also to help the illiterate people to know about digital payment.

In my opinion, digital payments are not secured in INDIA as many people are not fully aware of the facts and usage of this method and govt is also not providing any campaign to resolve it, advertisements will not help in clearing doubts and enhance the knowledge of user rather govt should conduct seminars and workshops for better understanding. Digital payments are not secure since many a times server gets disturbed due to low signal connectivity which results in freezing of money of an individual which may affect the user. Also, digital INDIA is not too secure since forgery cases are too damn high as well as hacking is in its peak. To make it secure enough firstly all the measures should be launched and then digital payment should be instilled.

I think that India has progressed enough digitally to agree with this topic. We can not say it is 100% secure as we can not see how it is happening digitally like magic so keep on transacting online as there are cyber crimes happening I have heard of. We need to consider and support online transactions with security precaution and care. In fact renowned banks like SBI, Axis, BOI are having a partner company naming cpp India for the security of the credit and debit cards of their costumer on insurance. I think it can be made up to by our little efforts which can make old and needy people understand that it is very easy and secure to go with. We should give them a Demo how will it work. That's all very soon we will be totally in digital currency.

Hello, friends.

As per my opinion, there were so many advantages of digital payment, such as it 1: it save time 2: quickly transferable 3: we can access at any time (day/ni8) and so on.

But as M.Gandhiji said, "Our India lies in villages". If think about village people so many has unaware of these term known as digital. Most of the pepoles are Iliterate so it becomes more difficult for them. Even though persn who's income is 5000/6000 how he or she can effort samrtphones, if we hav to make our India digital firstly we have to aware of the term soecially in villages, we have to improve litracy % I think still it takes 5to6yrs minimum to makes pepole litrate so in my opinion todaydigital payment still today is not secure for Indian economy. .

I agree that India is the developing country. The Ever increasing population can lead to the shortage for supply if the notes for example there was a demontisatin act carried by our government. The people who used to use online payment method were not been disturbed by the act whereas the not knowing about the online payment methods had to suffer from huge problems of standing in line for hours and hours.

I am against the people who are willing to just curse the government for that. I believe that since we are developing country our literacy rate is quite low. That's why it cannot be completely transferred to digital payment but by educating people about such methods it can be implemented in future. Which is road to success for our country.

Yes, I agree that digital payment are more secure for cash less transactions because India is a developing country and this decision taken by our government is a very good initiative against black money holders and corruption, or which also help to increase growth of our country but despite of all these things I also agree with other people who said that going towards cashless create some problem for people who can't afford credit card, debts cards and I'll literate people who can't able to use phones nd etc for all these problems I would like to say one thing that cashless doesn't mean that we completely go cashless or cash money are completely banned its just mean we have to do more transactions digitally to fight against with corruption.

Definitely not because in India well educated people and use of networking known about digital payment is about 25% approximately other than that India is an agricultural country and have villages surrounded about it so most if the senior citizen known or aware of digital payment is less considering the circumstances if it is made mandatory for compulsory it ll be difficult for the people who have majority criteria falling on no answers and still the Indian online payment is not to update of security systems this makes the users also to get back from it so first thinking it must be implemented for simple things and cyber security of net banking and some. Co should make it user-friendly and net charges must be made free like other countries.

Hello friends,

We agreed with our Friends and digital payment able to secure enough to get Indian economy cashless to some extent level. For cashless economy education and awareness is the most mandatory requirement for performing our work or task online and digital mode. Our Indian population is not enough literacy ratio to get 100% cashless economy but late on we will able to achieve it our government and Indian banking is doing continuous efforts to make our economy cashless. Sweden, Canada and UK is some examples of cashless economy. It benefited our economy and our people very much we can perform our financial work online anywhere any time. It also helps in preventing black money circulation, terror funding and money laundering etc.

India is a developing country. If digitalization is introduced then transactions become cashless and it will secure the money and helps in making the economy more powerful. But, due to illiteracy in various areas of India, the idea of digitalization will not work there. Then can't able to fill the form or write, then how can they withdraw money from ATM or can do online transactions. As concerned to Security, most of the computers in Banks And the ATM are using outdated versions which have the chances of hacking. So first We have to Strengthen digital security and provide education and awareness to people about digital India. Then by implementing the idea of digitalization will help the country to become stronger in an economy in future.

Well, I agree to all of your points guys. But I don't think that India is ready to adopt this digital world because the maximum part of our country comprises village. And the people there are not aware of such things properly. However, with the demonstration, many of the people here and there csme to know about paytm, mobikwik etc. But they requirement before the transaction is beyond reach of many people still now. I think that some cash and some cashless is a good way to promote the fact of being digital. And further in future, I am sure that almost all of the people will be ready to welcome the digital India, maybe in few years. The technically advanced students now a days will contribute in maintaining the safety of the transactions.