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

According to my point of view, digital payment effects of India because most of the people does not have the knowledge of it mainly effects on poor people because there has lack of knowledge.

As per my views, over this it is a very good decision taken by our Government. Now its our duty to make our India digital as many peoples said that it cause a huge effect on rural areas but guys there is a solution for it. As nowadays we see on railway station there is one machine like ATM which is used for taking ticket it is a digital machine as we saw government gives some jobs for particular person to operate that machine and give tickets to the person who doesn't know how to operate it. There were several machines but on some machines, there are agents who help the person who doesn't know how to operate it. This kind of process also may be applied on digital transaction for which we have to make a company who serves such type of facility. And for the new generation, it is very common to do such type of transactions. As the time passes away after some years it becomes common among all. So it is not a major issue for rural areas. One more benefit of such type of facility is that most of the unemployed get employment for such type of services.

Hello everyone.

In my point of view, it is a great step by modiji to make Indian economy go cashless. Talking about security, now a days we heard more about robbery than.

Cyber security breaches. So I think it is secure enough to go cashless and a beneficial step for us as we don't need to carry cash everywhere, we can pay through any upi app. But this implementation is not up to the mark. PM modi started a campaign, everybody should teach 125 people about cashless transactions. Then we can see a developed India.

Hi everyone.

Digital payment is the best way for safe and secure payment but in an agricultural point of view, farmers has to face lot of hurdles in day to day life for his basic requirements. We need to considered a population of our country which clearly states 75%. Of farmers have fragmented lands, its highly difficult to implement it in the name of safe and secure.

I think no. Security is the main drawback for the digital payment. If I talk about Indian banking system, mostly private bank are secure also some government bank but some are not secure this type of bank needs to strong their security in terms of online banking unless their customer may face problem.

Yes, but it needs to be spread through whole country. All villagers should be encouraged for cashless society. They should be aware of cyber crimes and in case of it without hesitating to Indian police department of cyber crimes. Everyone should know about the online cash payments. After implementing this India is finally ready for cashless society.

In my opinion, totally cashless system for is India not a good idea. Because at this stage the peoples of India doesn't have the required tools and knowledge to go fully cashless it takes almost 3-5 years to prepare for that. I partially in favor of cashless system but to go an economy with cashless system we have to first educate peoples how to use the tools required to cashless and also another aspect that affects the cashless system is the security in the process of going cashless. So if we make all that thing that are required to go cashless then, we look forward to go cashless.

Congratulations everyone for having very stern noteworthy opinions.

Going cashless is definitely a laudable step by Indian govt Let us just take it as a means of educating our "so called yokel" population which you feel is not sophisticated enough to grasp the know-hows of cashless economy. You tell if not today then when are you going to suggest it? In 2050 by then rest of the world will be way ahead of us to catch upto them. We along with remote area people will be able to transact cash in a flash isn't it so convenient. We can just take it like atms there must have been a time when atms were introduced at that time it was not that appreciable but now even labour workers use it. It will blend in the routine once we accept it. Alright if its credibility is a question you feel its not credible enough then is cash payment secure ?does it not face the heat of corruption? it definitely does, so instead of reverting back its better to adopt a newer system which gives so many benefits like technological advancement, record of all money transfer, reduction in tax theft, no more money laundering through illegal ways, more money in our economy, higher gdp, diminished poverty. Cashless should be welcomed by all for the greater good of our country and its citizens. Its granted that not many have smart phones but cashless will speed up the approach of internet and smart phones In Indian villages. Which otherwise will remain a sluggish process. I don't say it declare it today only but take it step by step and start laying groundwork from today to propel it.

Yes, it is a bold step taken by our govt towards change and we all have to accept it. But before taking it forward we have to solve the problems if a common man regarding this change. A common will always have doubts like,

a) Whether my money is safe in this system.

b) Who will take responsibility in the case if my account would hack in the future?

c) Whether my hard work money will get me return back if someone has done something wrong with my account etc, So finally we have to create awareness regarding this policy so that each and every citizen can use it without any doubts.

Hello all.

Yes, the digital payments are the main step towards the increase of the Indian economy.

When we keep our money in banks rather than with us, we will be the one among them who are supporting for the increase in our country GDP growth.

With a help of our money banks will provide loans to small-scale workers, by that there will be decrease in the unemployment population and as well as it leads to increase in our country GDP.