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

Yes, in my point of view, digital payments are secure as well as very helpful. It reduces the load of money to be taken with ourselves. It is beneficial for the transaction to be done so that more and more people involve in this. Digital payments are making people more towards the digitalization. In present era digitalization is more important.

According to my point of view, Digital payments are secured as we need there are several reasons.

1) In India, many cities are not developed so the mentality and need of people is to stay on the cash.

2) In India, many small-scale businesses are they need cash to conduct business.

3) And "Yes" in India many villages are who do not aware about digitalization may be due to lack of Internet and other issues so they also like cash.

But the conclusion is if we want a developed and uncorrupt country we need Digitalization in everything not only money even bringing change in the mentality of people.

I am Trimbak.

I think that digital payment is not secure because there is more cyber hacker also money stealing from bank account is more dangerous than stealing from people.

Yes, it is secure. It reduces the time for remove the money from bank or atm machine. Also, it very easy to transfer money in small amount of time.

According to my point of view, Indian economy will not work as much smoothly without cash because even now there are many places where internet connectivity is not available. That's why it will disturb their way of exchange.

I am Akanksha.

According to me, digital payment secure enough for the India economy to go cashless, I agree because there are several poor people they are work in small place they need cash, they have not enough knowledge.

Hi Everyone,

My opinion is digital transaction is a sign of developing Indian Technology, which is appreciable. Now, coming to how secure enough the digital transactions are, With the developing technologies cyber attacks and internet traps are also rapidly increasing.

So it is truly in the hands of the individual users to do safe digital transactions. We have to remember that cyber security is something we must consider at every step we take online.

So the government has to take steps to train and give a deeper understanding of digital transactions and cybersecurity, to all type of people. So that India economy will safely and successfully turn to a cashless economy.

Yes, we need a digitalization of our economy, but illiteracy is the biggest problem for that, some vendors or small-scale businessman are not aware of digital transition but if we really want to remove corruption from our country than it should be implemented.

In my point of view,

Digital payments secure enough, but the small-scale business will get the affect. Even nowadays many small-scale businesses based on only cash.

I am Tharagesh.

We are talking about digital payments and it's security. Yeah, of course, it is a secure method of payment. It's very quick and easy to transfer money through mobile. So taking cash with us is not necessary.