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

I think that it is not secure for the country just like India where 60% of people are not educated. If those people are using digital payment throw any popular app anyway. There are many possibilities for happening fraud with their people. Because of third-person knew that he easily gives his banking information to him then using this information to take money from the bank during this process these people don't know about this fraud. After happening fraud, these people knew that.

Today, many famous people advertise to this type of fraud so unaware people will know and prevent it. So it is not secure for all people.

Firstly, one day will come when we all will be on the same path of innovation and technology. Today we must have to accept that today's era is based on internet and cyber world. And one day our country will also be with the same bar as of developed countries. Although suggesting it right from the moment will be little earlier because our country still lacks infrastructure, education and ability. Perimeter like electricity, computer education, the basic institution needs more attention. We only can think about a healthy and wealthy cyber society after having basic computer education and then it's safety and security.

According to me, cashless transactions will be implemented by ourselves only, how it means, mostly every home in our country have at least one educated person in their home, so they should explain the advantages and using of cashless transactions to their families.

And instead of giving unusual advertisements should give, the steps to use the cashless transactions.

Strong foundation will give a good result. So the government will bring the awareness of cashless transections from schooling by providing lessons having digitilized India. This will leads to protect them from security problems evolved in coming future.

In my opinion, India should focus more on reducing online frauds, making secure online transactions so that people trust more and more. To attract peoples they can give cash back offers and reduce service charges.

So, digital payment is not only beneficial for us it also reduces corruption of the country by reflecting the amount paid directly on the bank account of the merchant.

And from past few years, online frauds is reduced and rbi is planning to return the loss amount after the probe. Coordination of vigilance programs, help the rural people to shift towards online transaction because it has many advantages.

YES!

Life has become easy since this scheme as everything can be pay and can be brought using mobiles. It might be grocery or paying bills, mobile recharge all our daily needs. The daunting has been vanished for carrying money in their pockets because of digital payments and in worst case even if mobile is been mooched It can easily be endowed. But still, as the majority of people is illiterate it becomes difficult to understand and make use of this scheme. If there is provisional of awareness regarding how to use such technique between such peoples no wonder it will help them and India to be a developed country.

In my opinion, digital payment is the best way for the Indian economy to go cashless. In fact people should be well aware of the advantages of digital payment like with just one click we can easily make the payment anywhere by just sitting at home and secondly in our Indian economy there are bunch of people who just try to refuse taxes which is the main reason why our economy is declining day by day. People should be well aware before doing an online transaction that their PC or mobile have proper virus protector so that they might not undergo frauds.

The Online transaction also reduces the chances of human theft.

Hello friends,

This is the very interesting topic today because of current government banned currency at any time so is it not safe to take hard cash and use. I think digital payment is good that reduces most of the time we are spending on banking disposition and credit some money.

By using digital payment we can easy to transfer money at 1 min all over global. For it's safety we can follow the bank's rules and policies like don't share your pin number, ATM card number to avoid cyber crimes and more thing guys it's helpful to reduce global warming by using digital payment no paperwork and we can save our nature.

Hi myself Roshan.

When drastic changes occur whether related to social tradition or technology some problems are created, we don't go for that one leaving behind the consequences look for its use, in transition period some difficulty will take place but you have to conquer on the situation.

Digital payment has a lot of advantages like better control on corruption, more transparent transaction, the money of government scheme will directly deliver to deservable and needy people.

Some advancement and awareness are necessary among people about e- transaction and digital payment system for a succession of the plan.

There are many pros and cons of this technology, In my point of view that the digital payment and cashless economy has many advantages like payment of tax, online shopping, fund transfer etc. In the case of Union Territory of Lakshadweep and other such remote areas are too weak in the field of Information Technology and Internet facilities (Still in 2G Data Speed). Therefore the best internet facilities are to facilitate in all the places of India, rather than the implementation of Digital payment system and cashless economy. Then only we can cope with all the aspects of the Digital payments and cashless economy.

Yes, I think it would be the right time for the Indian economy to go cashless. With demonetization decision taken few months before, digital payments will help to reduce corruption to a large extent, will reduce tax theft and it will also help to boost our economy.

Few problems that government have to tackle are that of illiteracy in rural areas, lack of technologies and most important concern is about its credibility. For this, Government should organise workshop, awareness camp that could enable the citizens to develop confidence in the online transaction so that they start paying digitally on a regular basis.