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

Yes, digital payments are very helpful because we need to save our time and energy, it is also helpful to make India as number one in cashless transactions and it has been increased digital payments after demonetization, so people who are going to do the payments be alert on hackers, please don't share any information regarding bank details to unauthorized persons.

Hi everyone, I am in favor of this topic because by digital payments one's knowledge about technology increases, and gone are days when people like to stand in long queues, we want everything very fast and now.

And we don't have to bother about timings of the banks. This thing is increasing the awareness about not cutting the trees in individuals mind.

It's my point of view it is 50 :50 chances because of India has educated people and uneducated people. In educated peoples know how to use digital transitions but come into uneducated people they don't know how to use they don't know what have to what don't have to do.

First, the Indian government has to one thing gather the list of uneducated people in urban and rural areas. In every where do awareness of using digital transitions? The officials always tell them how to use. What don't use?

The biggest problem is that the in India educated persons are trapped with hacker hands. They are lost of money because that people are too much trusted fake website Putin their website all details lost of their money.

But awareness programs conducting with not only uneducated but also educated people.

Implementation of digital payments in India is a very good idea by the government but some how it is not secure because of hackers especially in rural areas because people in that areas are not much educated so they do know about digital payments so they can share confidential data with the people so the hackers will use this data and can easily hack their accounts so government should implement awearness programs to the people about digital payment and about hackers so finally implementation of digital payments in India will improve india's pride a bit level more in technology.

I agree that the digital payments are secure enough because they are our digital money and also minimise the risk to loss them.

And digital money is also very good for economy as all payments are in the view of our government and ultimately our economy is boostup.

Another thing is that if we have digital money than we can pay this money at any place of our world from our place but in case of cash it is not possible.

Digital payments is making the payments through technology. It offers the ease of doing payments anywhere you want and the way you want. Different options are also available debit cards, credit cards, net banking and even applications like paytm further make the things more better. Just at the click you can buy, sell& invest where you want. But talking about is it secure enough in Indian economy. More facilities are to be made available to remote areas. Even now some people prefer carrying cash as compared to doing it digitally.

The very first reason is ignorance. They felt vulnerable to the use of the technology. Afraid of getting indulged in fraudulent activities they prefer physically carrying out the payments. It would take some time for Indians to get acquainted with the digitalisation as not everything can be learnt overnight.

In India, Economy is the most important thing to be discussed. Today, India has become a digital Nation because everything is happening with Computers and other digital Machines. Earlier the people were withdrawing or depositing their Money by Cash and there was no such scope to deposit the currency with computers. Those days were not too much comfortable to pay Money with Cash. Carry hard Cash might be risky but now in digital India people use Computers. Digital payments have some advantages and some disadvantages like e-Banking. As we all know that we can transfer Money to someone's Bank account with the help of e-Banking that needs the person's Bank account details and other login details that will be so much easy to transfer but might not be secure. Hackers might hack someone's Bank accounts which will be the problem. To increase India's economy we have to pay Taxes for the development of the Nation and to increase the GDP rate. But with the help of Internet or net-Banking people might pay it easily. Everyone has Internet or net-Banking so that will be enough help for people to go Cashless. Other is PAYTM which is the best example of digital payments. We can transfer Money or pay Money or pay Taxes or any currency easily with the help of PAYTM. Digital payments can be electronic payments Like pay with Debit cards and credit cards.

According to me, going cashless is good but it is not the best for India. As digital payments method involve many problems one of them is cyber-crime and as India is an underdeveloped country so very few people have a good knowledge about this system. The retailers and the small shop holders they can't afford to go cashless and digital payments are useful and happen without any problem for large amount of sum but it is not that easy for small amount of sum. Many poor people are not well acquainted about this system and they had got mislead. As cyber-crime has being increasing in our country so people are afraid of digital payments. Most of the people are not well equipped with this online transaction. It is a good step taken to develop India but the Government should educate and encourage about this system to the people. And the Government exclusively focus on cyber-crime. That's all I wanted to say. THANK YOU.

According to my point of view,

It is the first and more important step to do any good work. Because without safety is very dangerous. So safety must required firstly.

Now India is on the way to development hence its must to take the risky decision to start a new thing in our country to most helpful to get easily anything. Take give example for cashless. Due to cashless, you can save more time and money. Not stand in queue to pay money. There are no of example.

I said only TO RUN WITH WORLD, OTHERWISE, you STAY PERMANENTLY IN BACK ERA.

Yes! its a very secure method in my opinion. If we want to achieve cashless economy, first the government should make awareness in people especially in rural areas. Now -a- days we are getting some wrong calls asking people to tell their login credentials. If we are totally aware of our own safety. Then, it is surely a very secured and makes easy for us do transactions. Still we are just in initial stage. Its takes some time to completely transform into cashless economy. For the government to implement totally we will have teething troubles but it is very sure that it is a safest measure for our future.