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

Digital payments symbolises the literate and developed India. By adopting it we are entering a new era of technologies. Somehow it will save our time. I agree that most of the people are living in rural areas so they will find it difficult to use. Government should conduct workshop to train people in the most easy way.

Good day, According to me, Digital payments are risk enough. Money is a basic need for everyone. I accept paying and processing money through digital is easy but it involves too much risk. Many theft had occured in recent times through internet. We cannot able to stop it. Our credit card details are gathered by hacker and they misuse them and steal the money. We cannot able to trap the theif or we cannot able to obtain any detail of him. So Digital payments are easy, makes our life simple. But involves too much risk. Everyone run towards the money, many people work day by day for earn money. So makes our money secure and safely, digital payments can be avoided. Thankyou.

Digital payments are trending in the digital marketing which is definitely a good initiative taken by the government as we all know it made our life easier by providing so many features like transparency, fast transactions, removal of queue outside the bank, time saving, 24 hr support no need to wait for bank to open. All the bank related stuff like fund transfer and other basic need like shopping of grocery, electricity bill payment, fee payment etc can be done very easily from home with the help of digital payments.

Although in rural areas people are not very used to it, some of them don't even know how to operate smart phones so there are higher chances that they can be fooled by spam or fraud dealers/company. So, it's the responsibility of youth to teach and aware them about procedure of digital payments and related threats and it's not a big deal it can be easily accomplished by organizing awareness program even it can be a good marketing strategy many telecom companies can organize this kind of campaign and can promote their brand. In it sector lots of opportunities will be available in coming days so employment will also increase as well as economy.

At the end of discussion I want to say that good and bad are complementary of each other and both comes in pair. So, 100% security is no where it's individual responsibility up to what extent he can be secure from threat. We have been seeing lots of situation in our daily life like in travelling someones luggage get stolen, even banks are getting robbed. So, in spite of living in insecurities we should adopt digital payments at least it reduces overhead from bank and makes individuals life easier.

In my point of view through digital payment we are entering into the new age of technology, and I think only digital payment is way through which we can have a control over corruption & black money and as far as the time is you will never find right time to introduce something new, literate or illeterate every body can learn this if they try it once, however, government should conduct workshop regarding this in remote areas specially, also make them aware of it's advantages & precautions that should be taken by the users.

Just a few months back incident, wannacry ransomeware attack, the overall world were affected by the cyber attack, but astonishingly our Indian atms were almost unaffected, it seems to be our cyber security is too much tight but it is not so, contrary, the fact is a big no, operating systems of our atms are so backdated that hackers also didn't know how to hack those, it sounds good, but in a deep thinking, it is not so good. Our Indian cyber systems still require a upgradation in a bulk, so I think it is not the exact right time to implement digital payment system.

As per my opinion, only implementation of Cashless is not enough for Indian economy because many people don't know how to make payment or receive payment so Government Should make some plan for their education about it.

Second reason is, people feel insecure because they think that if they make payment but it could be not done or somebody hack their wallet and steal their money.

My opinon about digital India is it a good intiative taken by our government, now a daysmost of them telling that implementation of this method is at wrong time then my question is today or tomorrow or maybe n future your are going to implement this method why don't that day be today.

When you are going cashless you have so many benefits like you don't need to worry about your money as it is not in physical form with you by digital payments you can even save your time you can easily transfer your money from one account to another.

Atlast, what my opinion is digital payment is a Good initiative taken by our government and it's not only the duty of the government but it's our duty also to help the illiterate people to know about digital payment.

Today our India is a developing country and gradually increases the digitization especially in case of payment method. We need not carry our passbook or other relevant papers to bank. We also need not to make a queue in order for savings. This digital caseless method gives us an enough advantage related to payments. It denotes value and literacy to India. We can send money or make a transaction by clicking just one button from our mobile app like phone pe, paytm etc.

It gives us fast transaction, reduces threft, saves time etc.

But every system activity has advantages as well as disadvantages. First, we want to give attention to illiterate people who don't understand about the policy or rule of the transaction or even English languages. To overcome this problem they who are regular in this system need to aware how to update themselves to a cashless economy. Then it will be beneficial for them.

Second is that. Lots of people claim themselves as a cheated by someone or some company after the transaction. Because they do not take a precaution or aware during the transaction. They have to follow the rule and regulations of the bank or other sectors in cashless payment transaction method.

The Third is, our cashless payment method is not completely secure as lots of attacker presents in the world with a bad mind. So pay attention to the transaction.

If we overcome these 3 problems then India will be ready to go cashless.

According to my view, digital payment is important and it develops India, but most of them didn't have awareness of digital payment. First government should educate people before implement this digital payment. Because many people lost their money because of cybers, so they avoid wallets, and mobile banking like this app. When you educate people, then India will change like cashless and with digital payment.

Hi, cashless India a step initiated by Modi cashless payment is where money is invisible or it is used trough hard cash and we know that Demonetization was a step to enforce cashless payments. And also many companies Paytm, Paypal etc are gaining popularity day by day.

We are not realising that these paytm, paypal etc are not Indian companies we all know we need to pay charges on transferring money let us think we are paying 1rupee for transfer of 100 rs what do you think will be cumulative amount we are paying as charges for all the transfers and it is used by all the Indians that money we are paying to foreign mainly US based Paytm. And also they can track our every payment they will have the records of every payment of every Indian.