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

I think it is secured enough for the Indian economy to go cashless but at the same time due to lack of awareness among people residing in rural areas, it is difficult for them to adapt themselves with this new mode of payment. The Government should come up with digital payment campaigns to educate the people residing in rural areas and help them to adapt to this new mode of payment so as to ensure a cash-free economy.

Yes, digital payments are more secure than the traditional method in our Indian economy to go to cashless. Digital payments play a very important role in making cashless India. We payment money in every place through the internet within a fraction of a second. We don't have to carry money from one place to others. If I am carrying 5 lakhs rupees in cash then I have a fear in my mind that if anyone deprived the money etc but if I pay online I don't have that kind of fear. Yes in our India the people are not very expert in the digital system but they all are trying to pay digitally they also trying to know the process and they are getting aware. How we safe or protect our cash from fraud people like this we also can protect our digital money from the hackers or other people. Digital process is more secure because every time when payments we get an OTP in our mobile number if we use the password securely then anyone can't take money without our permission. So I suggest to everyone to use digital payments securely and make an effective tradition.

Yes, of course, cashless transactions reduce the thefts in this country. In other countries, they can use cashless transactions for better safety. But In our country, we have rural people's we can instruct them how to use cards and educate them what are the things they can aware of.

We should not forget that technology has its limitations too. No doubt digital payment system is essential for the Indian economy. But first, it is essential to ensure whether the platform available for this new payment mode is secure enough. A large population of our country is not aware of the precautions to be taken while using this electronic payment system.

In the absence of awareness and emergence of new threats to technology (EG. Ransomware attack) I would say that digital payments are not secure enough for the Indian economy to go cashless.

Therefore, it is essential to set up a highly secured platform and make necessary awareness program on an electronic payment system to gain maximum benefit out this.

I feel digital payments is the next step for the development of our country. We need not stand in atm queues for the money as well as theft and burglary doesn't occur. We do not have to carry around exact change for the purpose such as in markets etc.

As far as this method to be real success people should be educated about the system and should be made aware of the cons and pros of the system. Change is always good for the betterment of the nation and its development.

The security and the success of the online system depends. People in India are differently aware and educated on it. The cashless system can be made a complete success only if proper training is given to the rural population.

Technically looking the Indian banks are using the latest available security systems, so from their side it is completely safe. But it is equally important that the people should learn to use it safely.

I believe digital payment is a part of a CHANGE and everybody needs to understand it and take it in a positive way, we have been living in a paper currency mode for a very long time and most of the people are get used to of that and its not a bad thing at all but when the govt tries to come out with a change and transforming it into a new technical mode then what is wrong with it?

People will get employment, first of all, the latest apps that will carry out these digital transactions will be made by guys among us and they will get their money.

Secondly, the TIME factor, digital payments are done in a fraction of a second.

Again it will be a morale booster for the IT sector, they will come out with a more secure way of payments in future which will be beneficial for all of us.

A change is always GOOD and REFRESHING.

I don't think digital payments are a secure way to do payments as We live in an economy where we have a big ratio of people from villages and who are uneducated as well, being cashless become a difficulty for them and it will lead them to be dependent on others which can lean frauds also. In our country internet speed is not as much good as the western countries have. In fact, hackers can easily hack our sites. We recently have an incident in which Aadhaar data was leaked over 200 sites, So in short, we don't have such strong systems and site workings to relay on digital payments.

According to me, the payment done digitally are the important factor for cashless as we know its not time consuming as well as easy to use. Talking about the uneducated people the government become more conscious about the ease as talking about tezz app it is the most simplest payment with just one click but a part from this a scheme or program are introduced to aware the uneducated people about the ways and give them proper satisfaction and trust for safe payment. Talking about today scenerio its take time to people for trustworthy payment and it reduces many cost such as cost of manufacturing, transportation of currency all over the world but talking about total cashless it is not possible because some emergency some cause helped by cash as no body knows when the device got swicthed off or damage.

To be agreeing about ARE DIGITAL PAYMENTS SECURE ENOUGH FOR THE ECONOMY TO GO CASHLESS.

But most of the times it would be secured there should be aware of how to do online payments from rural as well as urban the most of Indians are don't know how to handle their bank accounts they don't what are the charges are be involved in it how to use it etc.

For the last term, I want to end up with the banker should be cool in f while there are depositing of the cash transaction.