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

Change is the law of the universe. By the time we have to change ourself, update ourself, bringing new skill in ourself. As a developing country we are not fully prepared for digital payments but partially we can go cashless as it will help to get rid of corruption in our country. But we need to teach the people who are underprivileged about digital payment because everyone in this country does not know about the same. In starting it will have it cons but somehow we have to find ways to get rid of it. Our govt should do something towards the awareness of digital payment. As the digital payment requires internet connections it may have server problems many times so govt should find a way to get rid of that.

Considerably we can bring digital payments in our daily life partially.

Hello, everyone! in today's scenario, digital payments are like a necessary evil. It must be implemented to get rid of the root of corruption as digitally everything is counted and can be tracked. There will be no illegal transaction as everyone will be accounted for.

But the other side of this story is grim. Have you ever thought that details of credit cards which you are adding to the mobile app are safe or not? It's not at all safe. I feel instead of copying western culture similar to that of bitcoins we should enhance our security model and then implement it with a full fledged plan. As things did half heartedly with faded plan are bound to fail sooner or later.

Hello friends,

In our country, digital payment has started to play a vital role towards development and put an end to corruption. But almost 40-50 % of people who live in rural areas do not know the use of technology of mobile. As our technology is developing day by day, a simple gadget or a mobile should be made only for making digital payments. And the government should provide some schemes to make people use digital payment. Also, a high-level security should be made to prevent hackers from creating any problems in making digital transactions. Then to a large extent, the cashless strategy would work successfully.

In my opinion, It is not right time for the Indian economy to go cashless because for illiterate people it is difficult to make digital payments. Firstly, Government should take initiatives with literate people to aware illiterate people so that they should get to know about digital payments.

For security concern, apps use for digital payments should use Biometric Fingerprint scan to make transactions online like BHEM app.

My opinion is that making digitalization is quite good because in this corruption can be reduced to some amount. But as we are very well aware of cyber crimes happening nowadays so it is quite dangerous also to digitalize payments in this type of conditions.

Now, should take steps to reduce cyber crimes then implementation of digital payment would be good and useful for rich peoples as well as middle-class peoples.

Hi guys,

Our journey towards "developed country" is possible only if each and every citizen need to be developed technically, they should be smart at work. In this context there is a necessity in digital payments but, at the same time we also have a look at the rural areas, some areas are very backwards in development where there is no power supply at all till now!

So the main thing is first government need to increase the literacy rate and provide the required facilities like electric supply, etc. Then implement the digital payments proposal otherwise it becomes a blunder failure. Frankly speaking, in present situations digital payments are not enough to secure as we are facing problems with hackers and cyber criminals. So there is a need in development in secured websites, software etc. Then digital payments are 100% secure enough for the Indian economy to go cashless.

Hi, guys.

Well, I think digital payments are secure enough for the Indian economy to go cashless because of the following reasons:.

1. Digital payments save a lot of time as we all know people don't have much time to waste.
2. They decrease the chances of robbery as you don't have to carry cash with you.
3. Digital payment is one of the sign of development of our country.
4. As India is one of the fastest developing countries in the world. So, it won't be so easy for the hackers to hack the accounts, so it is secure enough.

Friends digitalizing payments is a good thought to overcome from the corruption but people have to be educated on the effective use of this.

I think govt of India should take a new step for digital education for the people who don't know the concept of digitalized payments.

Digital payment in the easy and fast way of banking.
It means your bank at you are fingertips.
Netbanking is an instant way of transferring money to you are a bank or maintain in the bank at you are mobile or you can view your account statement.
You can send money to another person at you are account at no cost or its save you are time.

Disadvantage.
It is out of reach of uneducated people or rural people.

Digital payments are the new back bone of the India economy. India is the largest population country. So each better services do not take all the people at the same time, so in digital payments, all people take this payment, because a large people are taking better think at the same time. And the government also more income by this payments procedure.

In another hand in India, many people are non-educated, so this process not understood many people, this is a drawback of e payments.