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

Digital payments have a lot of advantages but in India, the system is not quite equipped. Even though there are many agencies and security companies hackers are able to hack-in and retrieve data. It is a really good initiative by the government to go cashless as there is a lot of black money and the process of digital payments reduces the ill effect to none. In some cases liquid cash might get torn, might become a soil note, this is reduced by digital payments. Digital payments is way faster compares to convention method of transaction. Proper systems to ensure safe and secure transaction through internet must be ensured.

It's a very good decision taken by Shri Modi sir. I am a student and I am very in touch with digital tech payment so I think its a very good opinion nd decision for anyone to do digital transaction it is safe secure and fast only if you don't tell anyone about your account info this whole thing is in your hand and I think no government Interface no bank interference for your transaction you don't have to stand in big long lines to do your fund transfer nd etc. Words are less for the decision but ha bhut faadu decison ye dil se bolna pdega salute you sir. You are going to make your whole independent and a wealthy country.

Yes, Digital payments are secure enough for the Indian economy to go cashless, because as we all want India to be a developed country, for this digitisation plays a vital role for the development. It is safe, secure and risk-free. There is no need for large bags for taking cash from one place to another place. By digital payment we can pay and recharge our various bills, can book our travel tickets, shop by online etc. Digital payment also user-friendly and also we can save our time and money. We don't have to qued in banks and ATM's. In other hand, it can save our environment as we need pulp of tree for making currency.

Hello, everyone.

Today topic is Cashless economic. It's a great step for stop corruption. I am happy because after the cashless economic corruption ratio will be decreased. But the problem is 'illiterate'. According to 2001-2011 survey. India's literacy rate is at 74.04%. The ratio is really good, but it's a not reality. So many people don't have knowledge about all thing, and they don't believe in digital mode. That's why it's very tough for the government. First, if the government want to cashless economic, then the government should provide a proper training.

2. The government should improve the education quality.

According to my opinion, I want to say that digital transactions are one of best improvements of our country. With it's help we can easily buy everything (from groceries to train tickets etc) in a very easier way.

We don't have to carry a bag of notes to buy precious things. During long journey it is really helpful. But everything has advantages along with disadvantages. We all know about the cybercrime, which can hack our transactions and steal the money. With this we also have certain problems, like in the native villages everyone doesn't have access to internet and technologies. So for them it will be very typical.

Yeah, of course, digital payments secure enough for the Indian economy to go cashless but certain things should be applied first, for example, the government make certain efforts to create awareness among lower caste people like farmers, labours.

Digital payments are secure because of the One Time Password encryption but the problem is that with the increase in the digital payments, the cybercrime will also increase so the government should also have a look at it. And many Indian farmers and labours don't have smartphones till now so that government should also think about it that how will they manage to go cashless.

Hello, everyone.

In my point of view, digital payments are not secure enough for the Indian economy to go cashless because there are more security threats in digital things again compared to normal and our population of India more than 50% have no any idea about digital money even more than 30%. Have no bank account they don't know about internet then how can we talk about digital payments.

Even if the money is deducted from a normal person who is not well educated from his bank account he had no guts to ask the question why his money is deducted.

We cannot implement digital payment this way without all the people.

Good morning guys, yeah off course it's a very secure method of payment. I support it and I wish all the people of India should have to support cashless movement. With using digital payment, bring transparency as well as have proper record of any transaction which prevents any type of corruption. And the second thing is that through using digital payment can prevent from black money and illegal currency. Some other factors also support digital payment. In our daily life, every decision and action have two faces one is positive and negative but the matter is that how we see it and coordinate with it. Thanks, Everyone.

In my opinion, digital payments have merits as well as demerits. India is not a fully developed country. If there are metro cities, then there are a lot of villages and backwards slum areas as well. If physical cash will not be accepted, many sections of society will face problems. Thus they should be trained first on how the market works digitally then there will be a clear pathway to launch digital payments.

Yes, they are secure enough as compared to cash. Taxes can be levied more easily in cashless society. Thus it is secure enough but we should train backwards sections too before making the whole India cashless.

Hello friends,

In our country, digital payment has started to play a vital role towards development and put an end to corruption. But almost 40-50 % of people who live in rural areas do not know the use of technology of mobile. As our technology is developing day by day, a simple gadget or a mobile should be made only for making digital payments. And the government should provide some schemes to make people use digital payment. Also, a high-level security should be made to prevent hackers from creating any problems in making digital transactions. Then to a large extent, the cashless strategy would work successfully.