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

Hello,

Every coin has two faces Similarly this decision of being cashless economy has two faces advantages and disadvantage. But most important thing is, Is this decision has more advantages than disadvantages? because anything in this can't be ideal.

And if we consider it carefully it has more advantages than disadvantages. You have a track of each and every transaction. Totally secure transactions. Corruption in the country will come to an end. Require less space than before in pockets.

Those who got mugged by fake calls, only because of their stupidity. No bank or organization want your personal information on the phone.

Good Evening all,

My opinion is digital payments help us in many ways by using various different modes of payments. Basically, it is secure and unsecure also because most of the uneducated people don't know how to use this type of digital payments and they have to face a lot of problems and it hacks details. The people may forget the passwords. And most of the people use different apps for making payments but it is not secure for the people it will lead to create many problems. It is not secure to use certain accounts in the economy because the number of the hackers are increasing. Digital payment is secure and unsecure also.

Hi, friends.

Digitalisation in India makes our Indian economy to step forward, nowadays everything becomes digitalised in India even a tea vendors maintaining cash fewer transactions like Paytm, every decision has their own advantages and disadvantages. Digitalisation was very useful in cities because most of the people are educated so they don't have any problem they have some basic idea about digitalisation, but it suffers villagers because in villages education is not good, so most of the people are uneducated, our government should conduct awareness programmes to provide basic idea about digitalisation & cyber crimes.

Digitalisation is the big step towards development. This helps to improve Indian economy. Digital payment is more convenient. Because it requires no time, no need to go the bank and this can help to irradicate corruption, scams. But as we know every system has a good and bad side of a coin. That means we can not go totally cashless. Because Indian is still a developing country and most of the people live in villages so they are not aware of such things. They even can't think to pay through mobile or by card because of security fear. So totally digital system will be the milestone for India. But yes we can improve this slowly.

Yes, Digital payment are more secure than manual payment here are some valid points.

(1) when you will carry more hard cash, there is always higher chance of robbery or any theeat. So you cannnot carry large amount of hard cash.

(2) Now a days digital payment are safe and we can easily monitor our account. Payment gatway agencies provide proper security to their transaction website.

(3) we can use certified application for amounnt transfer like tez, freecharge, mobile or internet banking of any bank.

(4) Need not to carry large amount of hard cash in this aspect digital payment mode are much safer than manual transaction.

I think going cashless is a good idea because digital payments are more handy and effortless. But we should not ignore the fact that digital payments are not that safe and are subjected to some sort of risks. Therefore, necessary action should be taken to make online payment portals more secure so that we can go completely cashless. There are pros which are considerable like less time consumption, flexibility. Etc but still it will be a problem for people in rural areas. So to spread this concept, the government should help people so that in near future, people will prefer to go cashless when they find it easy and flexible!

Yes, in my point of view, digital payments are secure enough for the Indian economy to go cashless. By the cashless system, we need not to go to the bank every time for money we can do it from home only. Bt as we know coin has two sides one positive and another negative. Bt when the majority will accept this cashless system then slowly nd gradually rest of the people will also accept. Moreover, we are doing payments digitally so we have receipts of each and every transaction and those receipts we can show while paying income tax nd thus we can save from bribe as well. Hence by cashless, we are making India a digital India.

Hi everyone,

As all agree with the topics but I'm partly agree with the topics, I think making India cashless is good as it helps in uprooting the black money and corruption but I think we are not prepared for this move till now. First, of all our software are not up to date so there may a risk of virus like ransomware and second is the majority of the people in the villages still don't know the meaning of cashless so we can't put it on them. We can only make India cashless by providing electricity, and internet network to the villages and teach and train them about the usage and security then only we can go for cashless.

What has happened in the past, taking it as a consideration, Yes we are secure enough as compared to other countries digital payment system. We are rapidly evolving in this sector using new methods and technologies to be at a safer side when things are not in order. To make Indian economy cashless, first we have to bring awareness among different sections of the society about digital technology, that can be done in different phases but we have to be patience as it can take much time as we have not achieved total literacy yet.

We need both hands to clap, just like that these two things are totally dependent to each other.

First of all, India does not have internet connectivity or the right speed of the internet which drives the digital payment gateway. So, in India, digital payment gateway uses only urban area which is very limited. Then, if someones have a smartphone but he did not know that how to digital payment or something use it. In India, approx 60% of people did not know that atm pin is not shareable things so bank fraud via the internet happens. To secure digital payment and to enlarge its range at first need to learn how to use it. In my opinion, even now digital payment is not secure enough for the Indian economy to go cashless.