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

Yes, digital payment methods are secure enough to make Indian economy cashless. Govt has taken some several steps to support digital payment methods like encourage apps like Paytm, Tezz, BHIM. This online wallet will help the consumers to send money fast and safe, it will also help the beaurucrats to keep an eye on every single penny which is being illegally used.

Hi everyone, I think our PM has taken the good step towards digitalization of India. The complete change will not going to happen immediately it will take some time. But it is a good start. However there are so many people from the rural region who are still illiterate and are not be aware of the use of internet facility and consequently about the use of ATM. If government wants to force this programme in India firstly they should arrange the awareness programme. They should make sure that whether everyone is able to do cashless payments or not. To be concerned about the security I think it is not that much secure it may be hackable.

Hello everyone!

According to digital payments are secure enough for the Indian economy; but for that users should take due care of the security their own account as we take care of our cash; because we should not completely rely upon the system always. Now a days systems like OTP, Facility to change the password, biometric scanning, etc have made the online transaction system more secure.

Now a days banks also take help of the " ethical Hackers" to deal with "unethical Hackers" So I thinks online payment system is secure in India.

Thank you.

According to me, digital payment is not secure enough for the Indian economy to go cashless. Cyber frauds targeting e-payments have been on the rise. Most online frauds happens as people share their password, ATM pins, 3D secure pins and there is a need to educate them about it. First government should conduct a literacy campaign on digital payment to educate people and keep them secure.

Right now, Yes or No depends upon the person who is using as India's literacy rate is not 100% but the way it (literacy rate) is increasing in the past decade indeed it will be the smartest and securest way of payment in future. As it saves time, money and most importantly growth economy of our country.

Hello everyone,

According to me, digital payments is a new way forward. In a country where the people are developing and are ready to take on the world you need these innovative steps without worrying about its effect. Digital payments can help people save time and at the same time reduces the complexity of the problem of carrying large cash in their pockets and thus reduces the danger of pickpocketing. I don't think their is any problem in applying digital payments as the mode of payments as long as most of the people know how to do it. People should be educated about it and demos should be organised about how to make digital payments safely and Easily.

Thank you.

Digital payment method reduces our manpower & cashless transaction, also saves our time. But if there is corrupt in programing of digital devices, in this world there are many hackers skilled expert to hack peoples bank account & exploit it. Somewhere it helpful to Indian economy because we all live in bigger population, so it mostly saves our time & money transaction is easy for us.

Hello, friends.

India is a developing country in which online payments or digital payments takes a major role for improving people's thinking and by which digital payments increase becomes common and gives awareness among people and India will also be developed country and by which technology also increases.

Thank you for reading.

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.

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.