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

Nothing in this world is constant. I am not talking about birth and death or sun and moon etc. So the point is can we say the economy of USA is 100 percent secured. We can't. So if I am in India or in America it is always risky for digital transactions. But due to that risk I can't stop using digital payments. I think our security system is strong enough to stop the hackings but also it needs improvement.

Nowadays, cash may not be safe to carry to each and every place so digital payments are necessary and at the same time digital payments must be implemented with strong security as cyber crime technology is raising day by day. Also, in order to make involve every individual in digital payments, an awareness is needed.

Every new thing have it's pro and cons so in my thinking digital payments is the safest mode to save our money and time but to avoid hacking and all we should implement another software or gadgets which can detect these sort of things.

It's not quite easy to learn anything but it's our duty (youth) to give knowledge to the illiterate people. Many illiterate people knew how to use mobile phones by seeing or by practising so to get aware of the digital payment government should implement some campaign or uploaded some video related to digital payments for the illiterate people.

I disagree with the complete digitalisation of the transaction, as we know India is the country of villages and the literacy rate in India is very poor. So we should also think about those people also apart from that there are many people they don't know how to do these transactions whether those are literate of old times or not have that much knowledge and these try to deal in hard cash. According to me, we should use partial digitalisation of transactions and run the programme for awareness and benefits of digitalization of money. As well as we should spend more money on education structure of country by which we grow together.

Thank you.

In this technical era, living without technology is not so easy.

If we talk about digital payment, it is not new for foreign but for India, it is. In market there are various type problem but change is big one and digital payment is solution, and it saves time absolutely without going bank we can transfer or receive money from others, it also helps for government to observe the tax payers and no one can cheat government means there will be no concept of black money every single rupees information government will possess easily.

In my opinion, as the usage of technology is increasing day by day, digitalisation is the best option. One cannot have the entire cash in hand, and online payments play a major role here. Moreover, it does not encourage black money. The Only problem lies in the fact that more security must be provided by the govt to prevent access to unauthorized users and hackers.

In my opinion, Digitalisation is for both literate and illiterate. And it ll help India become an economic strong nation. But the only difference is it is easier to explain it to literate people and somewhat difficult to explain to illiterate people. So it is a secure way for the Indian economy to go cashless. And it ll help stop corruption and black money. But useful only when one has full knowledge of it. Because if someone got to know your OTP or password they can empty your balance within a sec. Also sometimes double payments are done. Although it is refunded. Bt the amount gets deducted from our account. So digital payments are helpful But firstly government and we ourself should take the initiative to explain our parent's elders. The methods of using it. So they can get aware of it.

Thank you.

Yes, The digital payments in India secure to some extent. But how many peoples are ready to use it. Only few of them. About three fourth population of India lives in rural areas. Only 30% of Indian population uses smart phones. And most of the Indian population lives in urban areas are afraid of making online payments. A campaign which educates the Indians about digital payment by the ban the by the government is must in order to penetrate the cashless payment system.

I also agree that e-payment is the solution of today economy. Carrying a bundle of notes has always been hactic, as it concerns much higher security towards being stolen or robbed. This new era of cash less payment initiated by PM Modi is a great way to send and receive money almost anywhere in INDIA. It has reduced insecurity amongst the people, as well as speed end the transaction process, as of now with few clicks you can send and receive amounts for which we had to wait in question outside the banks.

As this is a new method, it is sure to consume time, as it will have to teach to people not use to this way of using technology.

Hi everyone one, digitalization is one of the decisions made ever.

As per the corruption in India is considered and storage of black money can be prevented.

The problem of illiteracy to understand the digital mode of payment by people can be overcome by means of conducting camp by the government.