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

Hello, friends.

Yes, according to my opinion digital payments is good for the Indian economy to go cashless. This is because it saves time as well as reduce corruption in Indian economy. It reduces crowd in bank and also saves resources like paper, fuel etc. It also protecting the Indian from being robbed and hence helps in reducing corruption.

But we cannot implement this 100% because of illiteracy, lack of awareness and security. So it is important to take step to implement it effectively by promoting awareness campaign and increasing the literacy late and also take action to make it more secure.

Thank you.

According to me, digital payment modes available in India are not safe enough to face the high risk of cyber crime. The case of transfer of 1 crore 32 lakh rupee from 641 credit cards and recent finding of loopholes in the upi system shows that these systems are not completly secure.

According to a university in britain, any information can be taken out by hacking credit/debit card within 6 sec.

Internet unavailabilty, lack of infrastructure, digital illiteracy and a weak cyber law are the maistream reason for failure of digi payment.

Although going cashless is a great move but it lacks proper implementation.

Yes. Digital payments are more secure for the Indian economy to go cashless. It reduces the corruption. Black money will come out and it helps to improve Indian economy. For bank transactions also we don't need to stand in queue, we can do our transactions online anytime and from anywhere. So, for developing our country we should go with digitization and we should form a ''cashless society". And the villagers and other people who don't know about this, we should tell them the importance of digitization so that they can also help to make our country corruption free and they will also get benefit of this.

Thanks.

In today's modern day carrying cash for every single thing becomes tedious, using digital money makes the work easier and faster.

It removes the long waiting in question. It makes payment for electric bills, shopping, movie tickets etc much easier.

However, there are some risks in using digital money. But we can not ignore its benefits. In fact, risks are part of life. Digital transactions can be made safer by spreading its awareness among people, not only in urban areas but also in rural areas. The government is trying to improve the Cyber security day by day. Hence it would be possible to make DIGITAL INDIA.

Digital payment is one of the most important features for corruption free India. And for digitalisation one of the most important requirement is smartphones which urban people can afford but for rural people, it's not so economical. According to me, it's important to use the digital payment to be used in urban areas but in rural areas, there's still some time. These days the security of digital payments is quite high but if someone doesn't know how to use it. It's difficult for them and they may lose money while using it. So, it's secure to use digital payment and also is necessary for the growth of any country.

In my perspective, no digital payments are 100% secure, but they can be made such one under higher scrutiny.

The above is the problem for going digital, but their is a bigger problem in a developing country like India where only digitization takes an effective step not with the support of educated but with the whole India as one nation.

To be one such their much be an enough awareness with the illiterate class of our society for the usefulness and positive impact that creates for the one nation India.

This should be taken not as a method for development but as a movement by the people of great country India.

Digital payment is quite a new and good step introduced in the economy as it would make fast transaction and save our time.

But India is a country with a large no. Of population and majority are unaware of it mostly in the village areas. It might take time for each one to go with it as many have not got their phones to be smarter. It is quite difficult but not impossible. It can be only achieved if every aware citizen participates in it and help the people who are new to it. We should not consider it to be only government duty. It is our duty and we should convince others and satisfy ourselves to a new change.

Hi friends, As per my views digital payment is good enough as it saves time. Making payment of the mobile bill, electricity bill, movie ticket and even for recharge of mobile, we have a stand-in queue for a long time. Digital payment makes the work easier way transfer of money etc. Is done with safe and within the time period. On the other hand, as technology is advance there should be proper security from hackers. As we know in urban area digital payment may be used smoothly but on another side, rural area people should also have knowledge about the same. As digital payment save the risk of carrying hard cash.

I think digital transactions are more than secure enough and good enough for the Indian economy to go cashless. It will help people in a big way. The only problem with the digital transaction is, is that lack of awareness and attentively of people living in village areas. And for that we know when such a revolutionizing change occur campaigns are made to help this people, so I don't think there is any kind of "secure enough" problem for online transaction people just need to be a little bit attentive while doing this transaction so it is really good to go on cashless it will increase our country's economy too.

Hiii.

My name is Ganesh.

According to me Digital payment is day by day becoming more secure and one day will came when we can freely do our payments or transaction without any hesitation.

Also we have seen that according to year 2016 there is 22% increase in digital payment it shows that peopleare try to use digital payments methods instaed of cash. Google is lounging the secure app known as tze which will help us to do payment more easily and safely.

Because of this the persons who didn't know anything about the todays generation they will also start learning and will try to use digital system of India.