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

Evolution of transferring in Indian economy. In ancient days, People used to exchange the materials as per their need and later on the introduction of coins make the economy easier. Then precede by cash as a medium for buying and selling a product. Now a days there is a issue of securing lot of money and it's a big challenge in our day to day life and also to over come the black money and corruption, we supposed to use digital payments. It's a nice thing and good initiative done by our government As of my aspect, it is very secure enough for the Indian economy to go cashless.

Yes, Digital economy is very useful for today's world because now time plays a very important role. In bank, we don't have to stand in queue to transfer the money etc. We can done our payment within fraction of second because of digitalisation and by some app like Paytm, BHIM etc. It reduces the risk of theft also. By taking this step our country moving toward as a developed country. It also helps to reduce black money. If the payment will done online then they have the record of every transaction. It will increase employment in several fields.

And no because, in rural areas they don't have idea how to do payment online so it is risky for them. Government have to focus on rural areas or they have to run a programme to make them aware of digital economy.

Hello Myself Shubham,

These days Indian business environment is changing continuously and a big change in the economy is Digital Payment. That's good for the country to do business online and their transactions also, But as we know India's 30% population is Urban and 70% is rural. Out of that 30%, only 20% is access to the Internet and 10 out of 70 from rural. That's is Big Concern for Indian Governments to innovates those people toward Digital economy. This would take more time and huge cost. But if we Totally grab these changes. One day India reaches at the place of top most countries.

Digital India is very good to step up in the list of developing country this will make the people cashless on this point of view rob is decrease and people are not able to hide his black money which directly impacts on Indian economy it's changed.

By this, govt able to help the poor people if we go I'm a deep so it is a root to stop corruption.

A step is necessary to change the world and this step is taken by our government.

Yes, there are many problems related to digital payment in India but we should not forget the benefits of this system.

Changes are painful but it is necessary to bring something new and digital payment are one of the example, we can see now people are adapting these changes and it will be successful in long run. Hope for the best.

Hello my name is Kaushal. Modi government dream is "cashless society " so government trying to go forward digitally and to encourage digital payment they can also give some discount in BHIM app. I think it's great initiative in country like India because many Developed country are going Digitally. It's secure and less chance to theft, on cash there is chance to theft and also duplication of notes which can be minimize by using Debit card /Credit card.

We should also support PM initiative "Cashless Society ".

Hello good evening to all. Well in my opinion, digital payments are enough to secure than the offline transaction. Among of us thinks the online transaction is risky. But we have to know there are too many payment gateway portals who provide secure transaction between buyers and sellers like PayPal, pay secure, secure SSL, stripe etc. So that's why we should all to go for cashless.

Digital payment secure is most important in India because of that we can transfer our money through our devices. So digital payment secure is developing our country.

Hai Everyone,

The idea of Digital money was good and had made most of our transactions efficient and fast. But as per today's scenario in India the economy can't go completely cashless as there are people who will take time for getting adapted with the reforms. It is so because the small retailers are not aware about the digital money and its benefit and they are making transactions in paper cash. But allover the idea of digital money was good and it can contribute a great hike to the Indian Economy.

In my point of view: it is very easy to share money every where and no charge cut your account. If everyone could be participat this payment and no doubt it is easy for Indian economy and me which is not currption, no high cost price.