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

According to me, digital payment very secure, there is no chance for robbery. At the time digital cash (e-cash) is need of my life at a place of cash. Anywhere we can pay by e-cash this is the very fast payment method and no transaction charges.

By digital cash, we can never face with changes. The government provides many platforms for a digital transaction like (UPI, IMPS, NEFT MOBILE BANKING etc). For digital transaction smartphone is n not compulsory we can make a transaction by USSD In UPI Paytm payment bank and Airtel payment bank.

Many banks provide cash back bonus point for the digital transaction. This is another advantage of the digital transaction.

So I think the digital transaction is very useful for everyone.

Hello everyone,

According to me, step taken by the Indian government for go cashless created some revolution which tends to lot of time saving and easy and quick payments but it is not so secure so govt should take preventive measures to make digital payments securable and government or bankers or educated people should educate the people in rural areas not only in rural areas. Less number of urban people had insecure feel in digital payments mostly they feel insecure in huge amount transactions for that govt should fell responsibility and should provide some assurance which make people comfortable in digital payments according to my conclusion digital payments should secure with enough assurance and awareness.

Thank you.

Initiation of digital payments is really appreciable. In this era even people of rural area are using smartphones and not aware of the facilities so according to me if they get volunters or employess from various bank portals to make them learn about the digital payment it will be beneficial and that would enough for Indian economy to go cashless. Due to the initiation of govt now many people are atleast aware of the digital payment stuff. Also there are so many disadvantages that there are 3rd party for making payments and also there are hackers. The 3rd party payment system may not be minimised due to lack of availiability of system and opportunites but the hacking problem can be solved by online payment security method.

Hello, everyone, are digital payment secure enough for the Indian economy to go cashless. No, because as we all know we need good internet connection for the digital transaction. And due to low connection may transaction process stop in middle of transaction. And the money was debited in your account and there is no payment shows.

As due to digital payment system there were decreased in corruption and black money.

Example, if you order online a product of rs. 499 and you paid 500 in COD. The amount of Rs 1 not shows any one and if you see all over India crore of Rs. Collected with this which not shows any transactions.

So, the digital payment need to more secure and awareness related to that should be there.

Thank you.

According to my point of view, digital payment is absolutely right decision to make our country growth as seen from the payment point of view we can pay rupees in any firm or any bill payment company payment can be done by only a digital payment facility it will be some difficulty for the people who don't know about the online transactions processes but by teaching them properly this thing I m sure that digital payment can make good growth of the country and from wherever place we are able to do the payment and for the people to learn about digital payment process government has to take some steps that there will be seminars or the things held in villages in which people get knowledge about the digital payment processes.

Digital banking is a step towards new India.

As if consider I have to transfer an amount of Rs500 to a friend, I have to follow the same procedure for transferring an amount of Rs50000. And the time consumed is also same. It's ok for a high amount but for a small amount, it's not ok.

Secondly, banks are closed on Sundays but not net banking.

We don't have to fill up forms, go from one counter to the another to complete the procedure. Especially at SBI.

Nowadays maximum people have Android phones. I'm from a small village and I clearly know that maximum people enjoy WhatsApp.

Even they are uneducated they know to use Whatsapp then they have sufficient intelligence and presence of mind to take care of their own money.

In my perspective digital payment has both advantage and disadvantage like a coin because India is not fully having literate people there are so many villages people those who are illiterate people. At first, we should help them what really cashless economy and what does did. The Government should give education to all people so that our India will become literate soon and then we install that display system it will best to all and therefore there's no corruption. It's our duty to give more awareness for this. The Coin has both sides like that cyber crime should be there so we should install so many cyber security systems to alert us. If we did all this definitely India will become one of the top most economical country.

Friends as our country is a developing one so every new step here which is introduced takes some time to become a daily habit. As the case may be of ATM, the people were not aware of it, but now it's a common thing for everyone. The Same thing is with digital payments, the thing is introduced and being used the day is not far away when it will be a common thing. As far as security is concerned the transactions are mostly highly secured so no need to worry. These type of steps should be introduced in public with more information so people have more faith on it helping the growth of Nation. The digital transactions will ensure money is accountable and available in the market for people and overall help in nation building.

Hello friends,

In my opinion 'YES' now India is ready to go cashless. Because if we look toward our population its now go beyond 1. 25 billion and so on, and its very difficult to manage that much currency in hand cash way.

Now in India as per digital market survey upto 60% population prefer to do online marketing instead of cash payment, that's good for us because it will time saving, no chance of duplicate bills, direct deal with merchants online that gives assurance of quality product, so we have to think about how to increase the ration from 60% to above that, by giving them special courses of training through a Indian secured websites, because as India falls under village mostly, so it will beneficial for all us.

Hi friends,

In my opinion, demonetization is really a daring decision taken by our government. All of you said very well but I partially disagree with those who are against this. Actually, everything thing whatever we do has some good and some bad points, as it is said every coin has two faces. I agree that 60% of Indian people don't know how to do cashless transactions, but instead of criticising government decision if we will practice it we can definitely learn it as everybody knows practice makes a man perfect. Everybody want India to get developed but nobody is ready to change themselves. Even though we all know that the smallest viruses, bacteria etc also mutate itself continuously for continuing their existence.