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

Yes I do agree with this points.

We can just think that on a point of sale if we have both cash and card or other e payments whether indians go for cash or card I think that most of the people go for cash. What's the reason security yes of corse the mindset want to be changed people are not properly aware about the same. The risk we took is almost similar if proper measures are been adopted.

*proper awareness.
*know the schemes programs.
*availability of epayments in small amout transactions.
*technical support like call centers.

Yes, digital payments are secured. In this system everyone have their unique password that we call it OTP which is a system generated password and is sent to the one's personal mobile number. As it is a system generated password so it is different from others and is secured.

In my opinion, yes because to make country under development to developed this steps are necessary. DIGITAL PAYMENTS are the demand of our speedy generation. Yes, it is fast, convenient, secure method, use anytime, anywhere.

Some security standards must be improved and strict laws to be made for this, to make people trust on this.

Govt. Has to advertise and aware peoples who are illiterate, Of the 121 crore Indians, 83.3 crores live in rural areas while 37. 7 crore stay in urban areas, said the Census of India's 2011 Provisional Population, in the d*y when rurals are aware of digital things, our India becomes " Digital India ".

Yes, digital payments are secure enough for our economy to go cashless considering in view the point that there should be a regulatory authority to look after cyber-related issues particularly in banking which would check online theft and fraud.

Hello everyone.

Firstly, digital payment is a way of payment in which all the transactions are done online. There are many different types of digital payments like transactions through credit cards, debit cards, upi apps, e-wallets etc.

In this modern fast-growing world digital payments are very useful.

1. As the payments are made easy and convenient.

2. You can pay from anywhere anytime using e-wallets.

3. Govt has also announced many discounts on digital payments.

4. They are having less risk if we use them wisely.

Every coin has 2 sides so as digital payments. Despite advantages, it also has few drawbacks.

1. Lack of security standards. There is a big risk of data theft. Hackers can hack our info and steal money from our accounts.

2. As these digital payment modes are based on mobile phone, internet, cards- using which will be difficult for farmers, workers etc.

Apart from all, these adv and disadvantages, we aren't completely ready to go cashless but we are on the way.

By improving the security standards, by making ppl aware of the proper usage and precautions to be taken we can definitely hope for a better world where no hacking and phishing would be a glitch for India to go completely digital.

In today's world, mobile has become a part of almost everybody's life. There may be the cases when people may forget to carry their wallet with them but they always carry mobile with them. So in those situations, the mobile wallet will be a help to them. It is not only making transaction fast and easy but also helping our country in becoming cashless to stop black money problem. But along with these pros, there are some cons also of this concept. Not all people trust digital transaction due to security reasons. And also there is less awareness about this concept. So on increasing the security of these digital payment apps and also spreading awareness about it will one day make India a cashless country.

Yes, I do agree that digital transactions and payments in India will promote our GDP rate. We Indians are lagging in digitalization like online money transfers and certain criteria. Our NDA govt is encouraging digital payments and they have recently introduced BHIM app for any sort of online banking. And nowadays many people are using paytm app for quick net banking and I suggest it is very trustworthy and safety app through which we can make our payments and transactions in an easy way. But people who are living in most of the villages and who are illiterate are unaware of these types of digital banking. So my conclusion is that every individual who knows these things should encourage digital payments and explain for those people who are unaware of it.

Yes, I agree that because after demonetization act the digital payment was the only thing which was helping in the economy of India in its early period.

According to my point of view,

It is the first and more important step to do any good work. Because without safety is very dangerous. So safety must required firstly.

Now India is on the way to development hence its must to take the risky decision to start a new thing in our country to most helpful to get easily anything. Take give example for cashless. Due to cashless, you can save more time and money. Not stand in queue to pay money. There are no of example.

I said only TO RUN WITH WORLD, OTHERWISE, you STAY PERMANENTLY IN BACK ERA.

In my opinion, the digital payments is good for our nation because India is a developing country. It is a fast and easy transactions to pay our payment. And this help for our GDP growth. It will be beneficial for our future. The digital payments are like net banking, paytm, NEFT, UPI, etc. But in rural areas it is difficult to understand about digital transactions because they are not aware and illiteracy. So it is a innovative idea to go for cashless economy. Because nowdays no person can carry cash in every time, every where. So persons & government Go to cashless economy and increase our online transaction & payments. But it is not digital payment secure enough for Indian economy to go cashless because our technology is not good and safe, hacker is hacking our system. With this help people are aware this payments, digital marketing, make in India.

Atleast, it is a good for us and banks also provide digitally payments, and system is upgraded as new technology come.