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

Hello everyone, in my view, digital payment is secure because we can get record of every transaction and provides same if any problem arises and government have to make strong law against frauding activities. By this digitisation process government can collect more capital and leads towards development. In the mean time corruption can be removed with time permanently. And digitisation helps people to use internet so that they will become smart citizens.

I think digital payment is wonderful think and is helpfull because it's saves the time and also we can operate money by our mobile but apart from that I agree with the literacy rate which is less in India, so we have to become more smart as you can as. So Be smart with generation.

According to me, introducing a cashless system in an Indian economy is a great step taken by Indian government that is'digital India' scheme. Digital payment are quiet safe, secure, simplest and fastest way to transfer the money. Person do not have to carry money in his pocket which make the person relax while traveling. Just we have to carry one card. When application like paytm, freecharge, upi, mobiquick etc came into the market they have completely changed the era of payment transfer. Internet banking, debit card, credit card and wallet payment very easiest and safest way for payment. As each person have it's own user id and password for login and also otp password linked through mobile make it safest and secured.

According to my view, going India cashless is best way to stop the curruption in India. I think we should think about that the future. I agree, rural or common people have a no idea about to use this. But we know that now days some peoples are using atm but earlier years ago those peoples had no ideas to use ATM card but still now they using. Just like same. If they observing this system service then definitely one of the day they can do it.

As meera said, we have to take initiate from our side, because changing should be done on our side. If we start digital payment on our house it's a good start of every one knowing that our house mades. There also take interest to use this. And in my view, digital payment is very useful. Because now a days the online shopping is also increased. We can transfer the money by the blink on a eye through digital payments. And some people may afraid that it has some drawbacks also like insecurity of account hacking should be done. By this government take a strictly action also. So the people who don't know about digital payments. We have to make a awareness of this through the commercial advertising also. It is a great platform for connecting with the people. By this the black money should be avoided and our financial status also increases. Finally my conclusion is go cashless is also very safe and secure and encourage the digital payments for our bright future.

Hello friends, my name is shyam and I'm going to tell something about this topic.

I think in India cashless economy will be possible if the people (persons who using the internet) will responsible to create awareness in atleast 10 person about the digital transaction.

Many people have write already about this topic but if these people can create awareness then it will really be the great change in the India by your small effort.

You people can aware your relatives about digital transaction.

Without awareness and without your effort India will take very long time for cashless economy.

So, you guys can contribute a lot towards digital transaction.

Thanks.

Hello according to me, the digital payment would be secure and it also makes a convenient use of transaction but in still India is. A developing country, so 60% of the area is covered by the village and in village people, are illiterate they don't use and fully unaware of all that credit and all of this facility. Soo now the 1st there is a need to provide a special training to use there benefits and disadvantages all of this regarding digital payment.

Digital payment secure for the economy to go cashless ! No, It does not more secure because Today fake bank Manager call to the many people to make him fool and they can easily make payment from their atm card.

Digital payment are secure but without awareness it is not secure Ex Adhar card payment, phishing site, and hacking also public wifi network. Cashless are good for making transparency to our economy but it has some area limitation, we can not spared it all over area like village. Exception are everywhere So we can take only exception area and make advertisement that our villagers go to cashless.

Anybody tell me when we make online payment through atm card or swapping of card then why 1 or 2 % charges are apply on transaction. Why I pay 1-2 %charge. So cashless does not fit everywhere.

What is the guarantee that application server does not share information as like phone Pe, paytm etc.

So first of all make very strict rule in our constitutions and apply it and, most important things that cyber security are very strong then digital payments secure for the Indian economy to go cashless.

Hi everyone.

In my point of view, digital payment is good for Indian economy but not sent percent. Nowadays, in rural area, people don't know how to use gadgets, the system that government has taken these are the dream for those people. Before apply government should know about these things. Otherwise, this is very good for all the people except rural area people.

I conclude that government should apply for 60-70% digital payment.

Thank you.

The security and the success of the online system depends. People in India are differently aware and educated on it. The cashless system can be made a complete success only if proper training is given to the rural population.

Technically looking the Indian banks are using the latest available security systems, so from their side it is completely safe. But it is equally important that the people should learn to use it safely.