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

Digital payments in my view is a great step toward the development of our country but there some problems which must be solved prior to implementing complete digitalization.

1. As we have the large rural population and in that population, there is a high percentage of illiteracy due to this many fraud cases have been seen.

2. Due to past less secured online transaction method, there is less faith in digitalization in India.

Hello everyone.

I think, yes it is a secure payment option for every Indian. It reduces the theft rate also. It also save time it large manner. It make our things more easier than before. We only have to put our atm pin and holder name and atm no. That'it. And make our payment done but in previous we have to take our money in our hand and give it to the respective person. It also increase the theft ratio. So it is very much require that the payment should be digital and we should go cashless. But there is one other side also. Many people in our country don't know how to use computer and phones. So the government should take some steps to educate them also. It will take some time to go fully cashless but it is a better option in my point of view.

I think the digital payments are very useful to our human life because of this we can go economically cashless It also used to most of our Indian's.

According to my view, the digital payment will improve the quality of government work as we know that today corruption is big issue it can be controlled by digitalization and can get complete benefits to govt. And other fields.

And will boost the economy level and real tax ratio.

I think digital payment is very good for promoting digital India it also increases employment as we known many of the engineers are unemployed today. The government should also need many more step to support digital payment.

I think for me digital payment has introduced a new era of technology especially in India, and I think for Indians point of view they are excited to transfer their money without any security issue, I know nothing is secure but if we want to rise our country in fast mode so we need to adopt the new mode of payment which we call digital payment.

Hello everyone.

I think digital payment is more secure and beneficial for our economy. Digital payment means going cashless and making payment digitally.

We don't have to go to bank or Atm for withdrawal of money rather then we can use net banking & use the card for payment or there are some apps which also help for making transaction. Nowadays these apps are giving great offers and cash back for making any payments. These are very simple & easy to use and save time.

As we go cashless so it also reduces the risk of theft.

By digitisation, we are contributing towards our country as it's increasing our country GDPA and growth of the country. Most of the developed countries go for digital payment.

It also helps to reduce black money for our country. By digital payment, the government can keep a record of every transaction so there will be transparency of payment.

As digitisation is going to be future so it will increase employment in several fields like Telecommunication, networking, ethical hacking, cloud computing and many more.

And these days cryptocurrency is becoming the trend. We just can easily make payment through this currency.

There are some disadvantages of digital payment. As hackers can easily hack any device and get all information and get all money. So government need to take strict action regarding this and make payment secured.

It will take time to go fully cashless as most of the people are illiterate in our country. The government need to focus on lower-middle-class family and create awareness among them and teach them how to use a computer and do payment.

It will take some years to go fully cashless and make the whole process digitally.

Hello everyone.

I am Namita.

Digital payment is really good for our Indian economy but other point of view it is soooo much risky because now a days soo much online fraud are done earlier. Many peoples are doing online transcations so because of online fraud many peoples get loss soo digital payment is good as well as little much bad also.

Hello friends,

According to me, digital payments are more secure as there is no hand to hand delivery of Rupees. Also they are very fast at just one click we can transfer the moneys all over the world. No third party interference is there so more safety we get while doing transactions.

Hello everyone,

I am Srikar, I agree with everyone who supported the above statement is true, but when a good reform like digital payments is introduced there should be some definite solutions to avoid the problems faced by citizens in adapting to the reform and they should be given freedom to choose their way of payment I think it is basic.