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

Hi everyone, According to my opinion, digital payments are secure for those who can use them in a proper manner because in our country all the people will not have the knowledge to use digital payments, these digital payments have its own merits and demerits. So, first our government have to bring awareness on people about these digital payments then people come to know the use of these digital.

Payments and participated in it, and many people in our country are living in villages they think the cashless transactions are not secure so they don't use these type of transactions. But for developing country like India it will take some time to adopt these type of cashless transactions but finally it will get success.

Digital India is a really very good step taken by the Indian government. Digital India helps the people to get rid f of the queues for the money transfer, bill payments etc. But this step is not taken in the correct manner. Everybody is not aware of this. Before making everything digitised people should be aware of this and the correct use of it. As we know that every topic has the pros and cons : so the pros for making digital payment are people can go out without carrying the money just everything will be on their tips. It will also help in reducing the use of black money. And the cons are cyber hackers who can hack the account and misuse the account also the lack of education among few sections of our country.

We should not forget that technology has its limitations too. No doubt digital payment system is essential for the Indian economy. But first, it is essential to ensure whether the platform available for this new payment mode is secure enough. A large population of our country is not aware of the precautions to be taken while using this electronic payment system.

In the absence of awareness and emergence of new threats to technology (EG. Ransomware attack) I would say that digital payments are not secure enough for the Indian economy to go cashless.

Therefore, it is essential to set up a highly secured platform and make necessary awareness program on an electronic payment system to gain maximum benefit out this.

Dear friends! Digital money or we can say virtual money is safe as far as the physical theft or robbery is concerned. In cashless economy lakhs your money will be in your pocket more specifically in your mobile but you will not be feared of theft. But believe me " where is money there is robbers" if money will be virtual robbery will be virtual. Hackers will rob your money that too seating in very distant corner of this world. So every coin has 2 sides. But which side is have probably more possible that depends on preparedness of our country. So the question is that are we equipped enough to provide safe digital economy to India? Unfortunately the answer is "No" but can we be capable enough? The answer is "yes".

Yes, Because nowadays there are a lot of fake currency present everywhere in and around India. Digital payments will be one of India's best development feature. There will be no bribe, no fake currency, less robbery etc. Digital payments have already taken place in a lot of cities if we want to bring digital payments right from Jammu & Kashmir till Kanyakumari, then we have to advertise it in daily newspapers, social media, televisions, roadside banners etc. We also have to advertise it in all the rural areas and bring out the benefits of it and provide government banks and ATM's in all the small and local villages. It may take some time and effort but trust me this process will take INDIA to the next level.

Hello friends,

I think the technology is the trademark of modern era. It has made us efficient but as well as lazy I some way. I don't think its completely secure as it can be hacked or be prey of phishing. But people should make themselves aware about these type mode of e-payment systems inorder to avoid discomfort during making various payments. It also reduces people tensions and frustrations because they don't have to keep their respective money in their hands and taking care of it. It has become easier to book various tickets via online. So in summary, I would like to see people depend on online payment methods but also be careful while visiting various websites and to make their informations confidential.

Hello friends,

I think the technology is the trademark of modern era. It has made us efficient but as well as lazy I some way. I don't think its completely secure as it can be hacked or be prey of phishing. But people should make themselves aware about these type mode of e-payment systems inorder to avoid discomfort during making various payments. It also reduces people tensions and frustrations because they don't have to keep their respective money in their hands and taking care of it. It has become easier to book various tickets via online. So, in summary, I would like to see people depend on online payment methods but also be careful while visiting various websites and to make their information confidential.

Hello friends,

I think the technology is the trademark of modern era. It has made us efficient but as well as lazy I some way. I don't think its completely secure as it can be hacked or be prey of phishing. But people should make themselves aware about these type mode of e-payment systems inorder to avoid discomfort during making various payments. It also reduces people tensions and frustrations because they don't have to keep their respective money in their hands and taking care of it. It has become easier to book various tickets via online. So in summary I would like to see people depend on online payment methods but also be careful while visiting various websites and to make their informations confidential.

Yes, I think digital payments secure enough for the Indian economy to go cashless. By doing digital payment one can save his time. And there is no need to handle cash, all records of your transaction will be maintained securely. This entire thing will put us in the list of developing country. This will take India at certainly high-level & will make India smart. In rural places, people are not aware of these things they are doing their things as usual by standing in a long queue for a long time n sometimes it happens that they return with empty hands. Awareness among this people should be done by each of us. Only small part of our country is using digital payment mode. For rest, Digital campaign will help them.

I think it is a very good step for a developing country like India to become cashless and make payments by digital systems but there is a word comes in mind that is security of money in India half of the people when making transactions by digital payments thinks that is their money will be safe if their transaction is not made successful than what they will do and half of the people don't know even the terms and conditions about their bank people are asked to give their OTP bank debit card num and etc and after knowing this fact that the bank will never ask for this information they give details to other people and then they are robbed. It is a secure step if people will get a knowledge about all these things.