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

Nowadays, the digital payment is good and secure. But in rural area literacy rate is low and their people do not know how to use payment method. And also who knows that payment method is not purely trusted on digital payment. So, first be aware them to how to use and how it's secure.

Good morning everyone!

Digital payment is obviously a strong, advanced move from our government. It can help us from those tiredness of those long queues, think of submitting electricity bill or gas bill. Again all the transaction are there can be traced, so no issues of blacking. Definitely digitalization will be adopted in our country if not now, then must be 50years after. Because all of its benefits. But its main fault is our uneducated rural people, who don't have sufficient primary knowledge of there. Government must ensure that they know the process properly. And it is a time taking process. Again there are hackers also. Security must be ensured so that people can believe in this.

Implementation of digital payments in India is a very good idea by the government but some how it is not secure because of hackers especially in rural areas because people in that areas are not much educated so they do know about digital payments so they can share confidential data with the people so the hackers will use this data and can easily hack their accounts so government should implement awearness programs to the people about digital payment and about hackers so finally implementation of digital payments in India will improve india's pride a bit level more in technology.

According to me, digitalization of money exchange is secure. But knowledge of real and pirated apps should be given to everyone. It helps to transfer money easily but for this exchange of money everyone should have proper knowledge. Mainly farmers and another working part of our society should receipts knowledge so that they can earn and make money using them.

Yes, In the prior days days, it is difficult and time consuming action to perform a transaction as one has go bank and do the transaction but now performing a transaction is just a matter a few minutes. It is because of the development of many applications which are user friendly. When we consider security it is good because when ever we are doing a transaction an One time password is sent to the registered mobile number. But only this is not sufficient to be more secure because now a days hacking and social engineering has been considering as the major problem. So all must be educated well enough that important details regarding to transaction must not be shared with anyone.

My opinion is Yes, digital payments are secure enough to go cashless, 10 years back there were no awareness and technology about digital payments, in that day's people are using direct cash for their payments, like public sector bills (E.B, train) but the population of India is drastically increasing so the facilities must be increased and also it's a time consuming one, people are very busy in the fast growing world the only option is digital payments there is a small lag for this technology in rural areas however this can be improved by keeping help centres for assisting peoples only one smart phone is enough. Coming to security digital payments are not so secure, there is a possibility of hacking. By giving awareness about hacking we can reduce but we can't completely eliminate this.

Yes. In some extent it is. In prior days people generally use cash, debit cards, cheques to settle the transaction but after demonetization the scenario of India has changed people become more aware about the technologies. Digital payments are secure and easy to use. Anyone who know how to use smartphone can use it for eg paytm. It is widely used by people in India after demonetization. India is a developing country and it is a right step to make India a developed country.

Nowadays the world is going like bullet train so no one is having the time to go bank on and waste the time etc by using digital payment can make the payment very easy and even from long distance.

There is no qustion of educated or uneducated, we need to educate the people about digital transactions only.

I accept all your opinions but I want add my opinion that cashless payment makes the Indian economy.

Transparent and can reduce the glow of black money in the country.