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

I agree with all. But if the literate people teach the illiterate people how to update them self to cashless economy then India will become one of the countries which use internet for all payments instars of cash.

As everybody said every concept has pros and cons so this concept is also have both. Digital payment reduce theft, save time etc. But it is difficult to understand by the illiterate people and the interest charged for that transaction is slightly high. So my suggestion will be, the guidelines for transaction in all languages will be easier for all and reducing the interest rate will also be a good teachnique to encourage the digital payments.

No, because most of the population are still live in rural area nd no of illritate people are high in India. Without proper educate them, we cannot go to cashless.

Good day to all, I read most of the comments, but one point is missing, i.e by forming a cashless economy, our Bank reserve will increase, we can get bank loans with a very low interest.

Hi Friend, I am Vipin From Paytm online payment solution department:-.

I would like to inform you that online payment denotes the value and literacy rate of India. We know that 70% population of India living in villages and rest in city and metropolitan areas. I know that digital payment is secure enough if you are using it as per the precautions and securities during the transactions.

I also deal with the most of the cases where customer said that I have cheated by your company and you have done fraudulent transactions. But actually the picture is different. Sometimes customer logged in his/her account with another one devices browsers or share the personal information of account. As per my experience the digital payments secure enough for the Indian economy to go cashless. Before using it we should also set the clear picture in mind that" Have done it right during the transaction?".

We know that in recent days we have seen/hear that I have been cheated/looted by this one on online payment. So, I think these are the cases where we created it because we do not follow the securities and precautions during the transactions.

In last, I would like to inform you that if we want to secure the digital payment more, then we have to be aware of the policies of banks and its rules of transactions and we need to aware the people of India who are first or regularly using this payment method.

As everything has merits and demerits.

The merit of this is a convenience to the user, saves time but on other hands it is not secure as by only going cashless suddenly only make people worry it's a process which is not secure if precautions not taken because hackers can misuse our data and if anything happens govt is not going to take responsibility that's the demerit of this. Thank you.

In my point of view, it has both advantages and also disadvantages. If we go cashless it is easy and time-saving and energy saving but nowadays there are many hackers in the internet world. They can easily hack our details to overcome this problem we need to provide highly secured websites.

According to me.

Going cashless is one of the few steps through we can achieve digital India concept. Everything in this world has pros and cons and we should see that what can be achieved from that step. Making digital payments is one of the best ways to get rid of corruption. Earlier there was a ad from govt for taking the bill because that way no one can skip from paying the taxes which is the base of development of a country or state. Nd by going cashless, everyone is paying the taxes. And there is less thefts issue due to not carrying the money in purse anywhere.

Nd about security purpose there will be hackers. Nd there will be ones who will protect us from them. And security can be improved by hiring ethical hackers.

So I m concluding that we should use the digital payment to develop our Indian economy. And they are secure and I PERSONALLY use digital payment for my recharge, orders etc.

So it is safe enough to go cashless.

Hi, I have read all the opinions of my friends as per them they are also true that if we are going to cashless so we have to face all the things benefits or take care from hacker or missuses. And in our life whatever we do or did we have to face two thing also its may be good or bad. So cashless is good for Indian economy to grow our economy but as well as its also a harmful for people by hackers. As per me it should be start in Indian completely because it will good for corruption and govt has each and every record of payment by which no one can make the black money. And for this govt has to improve our cyber security by which we can save our digital payment records and our money to hack the same. And one more thing for the poor, uneducated & uncivilized people govt has to be issued one system to understand or facilities to them by which they do have any issue for the same and they can use easily.

So in digital payment main roll is our govt how they can secure this if its completely secure than its good for all.

No. I don't think so. Because the hackers are becoming a threat in this internet world. They have the government documents like passport, visas. Can't they hack digital payments on the internet.