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

I disagree with the complete digitalisation of the transaction, as we know India is the country of villages and the literacy rate in India is very poor. So we should also think about those people also apart from that there are many people they don't know how to do these transactions whether those are literate of old times or not have that much knowledge and these try to deal in hard cash. According to me, we should use partial digitalisation of transactions and run the programme for awareness and benefits of digitalization of money. As well as we should spend more money on education structure of country by which we grow together.

Thank you.

As we all know that the digital transactions are encrypted in the machine language they are considered to be more secure if we compare it with the offline mode of payment, but we should keep this in mind that India is a poor country and a majority of people don't even know the meaning of going cashless.

There must be some provision to teach those people the meaning of going cashless so that they can also extract out the advantages of it. Apart from being secure, digital transactions have several other advantages like it helps us out in emergency, it does not carry the risk of being stolen, and does not carry any physical appearance as such.

According to me,

Go for cashless is one of the great ideas from Shri Narendra Modi government. The Main reason behind the go for less cash to curb the counterfeit notes and curb terrorism and remove black money from the society.

But before implement, this idea government will take some precautions because the majority of Indian people majorly depends on cash payments only. Government creates awareness about digital payments and many of the illiterate people also there in India.

Security threats in digital payments also major issues in digital banking. My opinion is that before implementing this idea government will look all these issues.

Going cashless is the easiest, quickest and simplest way to transfer money beneficial for our country as it will curb the black money, stealing, begging and other things. But in country like India many people are illiterate and if we overcome these problems there are risk of people to be easily fooled by frauds or by cyber crime. Many places in India don't even has proper networking making it difficult to transfer money or even in situations like blocking of calling or net in a particular area can cause a huge hustle and bustle in that area I am saying that going cashless is a good thing bus going completely cashless is not that great idea.

I think digital payment system is very helpful for developing India to move to one step closer to being developed. In urban India, it is not a big problem for folks to understand these payment systems and devices.

As the majority of them are literate and if someone doesn't know, he can find aware person easily.

The main problem comes in rural India, where people have a little knowledge if they somehow mug up the process and if there any upgrade in the process comes they stuck there again.

All in all, it is a most efficient way of payment till now and there is need of more secure devices and application to avoid any type of cyber frauds.

According to me, digital payments are not secure enough for the Indian economy as everyone has no proper knowledge about them. For digital payments, you need technology, better network connection, awareness. Not only in rural areas but also in urban citizens most people do has not to have enough knowledge of how to use it. So, we should give first them the proper knowledge for that. At initial the use of digital payment was very low as for hackers and don't have proper knowledge but after time many people think about it and using it as it reduces the time for payment and we can pay anywhere in India (needs a better connection for network).

No, it's not secure currently. But it does not mean that we neglect digitization. Its era of digital economy. Indirectly its helping to create such a environment which does not need protection!. So we also have to see other part of coin. Cashless economy is demand of time. But issue related to big data handling and protection form various wares is matter of concern so we have to oversee it. Its good news for us is that as a developing nation we are not in that danger zone as much many developed nations are facing nowadays. Still our govt is taking strong early measures in this direction. We have to look forward to sorting it out. Jai hind.

According to my perspective, digitalization in India is very important as it will reduce the risk of robbery, corruption and fake currency. As a result, it will improve our economy. We know that, in today Era 33% (app) youth population are present and they all know that how to use these digital methods to make payment online. So it's a good idea which is started by our government to make caseless.

But the drawback is its unawareness among people. Most of the people in rural areas don't know about digital payment due to illiteracy.

So, it is necessary to increase the literacy rate first and spread awareness about the cashless transaction.

As per my opinion, it will take time to secure for the Indian economy to go cashless transactions. About last night I bought fruit from my nearest mart and I have no money to spend so I decide to pay through paytm and.

After making the payment I was asking to the vendor to check the transactions has been done from the side but he didn't receive any message so doesn't rely on my message mail and paytm. He said rely only on when whenever he gets the message. So convey of the message is that is the people are not educated related to digital payment they will take time to improve and yes after they know then definitely Indian economy secure.

I want to say that digital payment is useful for India in being cashless but it is not very secured. Many peoples don't know about this, they don't know how to use this because of that they got cheated sometime. Because of being cashless many of us do not carry cash with us and we suffer because of that. In some manners digital payment is useful. In my opinion this is not a very secured way. This is only safe for the person who knows better about this. To promote digital payment and make Indian economy cashless and make digital payment more secured government needs to do something by which each and everyone know better abut this process.