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

In my point of view, digital payments are very useful in doing transactions where we can save our energy, time and other extra charges. being an India is a developing country with a literacy rate of 74.04. I think it's more complicated to go through cashless transactions If we can able to give awareness among the people who are illiterate then we can go through cashless transactions.most of the people will not read clear instructions and they trap in hackers hands so people who are doing cash payments should be very careful.

Digital payments are already in existence before implemented but the usage is low, after demonetization the transactions were registered more in number terms of online transfers, paperless transactions. Compared to China, the digital transactions of India is gradually increasing. Before demonetization, we have strong numbers in cheque transactions and debit card usage. The cardless transactions were secured nowadays by sending OTP codes while transactions were happening. So there is no problem for security purpose but, we have to be careful regarding sharing of details with unknown people.

It is good to make India as cashless to develop the country and to save the time, if there is a need every one could learn for that need here after making cashless as compulsory every one tend to come to learn how to make transactions digitally, but as well as transactions errors will occur govt need to take action on it.

Yes, digital payments are required nowadays to the people, by using the digital payments time processing becomes less and we save time, but proper plans are to be taken that is, make confidential of our accounts.

Hi friends, I am in favour of digital payments and the reason is cash in hands are really a big danger of life now a days,because cash attracts local thief,snatchers, kidnappers. Those types of people always have an eagle eye on others money.So digital payments give us safety from these types of disturbing elements. And our transaction remains in safe corner.

Digital payment is nice step taken by Modi. But it is not completely secure. There are some hackers which hacks our accounts. But digital payments is good for nature because of that we saves paper and also tree.

Definitely, by taking some proper measure from a security point of view, we can make digital payment cashless. But going for fully cashless is quite difficult because of illiterate people. There are people who even don't know about reading -writing for them security aspect is more difficult. One we can do make a digital system based on visual /picture to make them understand.

I am completely in favour of this, because of the following positive things :- fast processing, saves times, increases one's knowledge in technology sector, provides the convinence to the customers, helps one's to collect information easily in short in interval of time as while doing digital payments one is able to know about the others methods available to make digital payments (various types of credit cards, debits cards, and wallets available to make the desired payments) and also improves the communication between banks and customers who is going to use the digital payments option. So this is a source of future as well as present needs as this technology of payments is green and sustainable.

Digital payment is an initiative taken by our prime minister to make digital India or cashless India. For me it is very good decision because as we known India is an developing country and it has been 72 years of our independence still most of the population of India is illiterate and poor. So if still we think our country's people are not able to make digital payment and they are not able to use smart phones or normal phones. All these bullish thoughts are not putting anything towards development of people of India. But as digital payment as come in India as a weapon to make India a cashless illiterate peoples are also coming forward to learn how to use smart phones and how to make payments. And asking there childrens and friends to teach them also. All these things are developing them doesn't matter how old they are or how much literate they are. As Indian government cannot serve food in plates of people to eat.

I believe digital payments aren't secure enough for the Indian economy because there are people who don't know much about the functioning of digital payments can get into any fraud if they wish to somebody get the money Transaction done by somebody else.