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

In My point, the digital payment is secure more than the cashless payment but the one problem our country is a farmer so former are faced a problem they did not get the right information so they do not handle of the digital payment process. Digital payments are a very good thing and lots of time-saving energy saving also easy money transaction. Another is secure of the account information less hacking problem so my point of you digital payment more secure for the cashless.

According to my opinion, digitalization is very good as we thanks to Modi for promoting digital India scheme's and campaigns and it becomes easy for public in large transactions to go cashless and there is decrease in corruption somewhat due to that Indian economic value will increase and my opinion is to improve some awareness programs those people who are illiterate then it is very easy to everyone how to do the transactions.

In a country like INDIA where rural population comprises of 68.3% of the total population and internet penetration is around 31% there need to be imparted a lot of awareness and knowledge about the internet and then about the digital payments. It cannot happen overnight but initiatives taken by Government of India to make people know about the advantages of digital payments is on the rise. EX- people can now transfer money to any bank account via their Aadhar cards.

Yet there are hurdles at present for the Indian economy to go cashless.

There is lack of proper infrastructure which is needed for the smoother transaction.

People need to know about security available for safeguarding their money online.

How citizens could prevent against thefts and online frauds.

No.

Not at this point in time where a major portion of or country don't know or barely know about the internet.

Yes, I agree with that there are many advantages of digital payments. But at this time India is not totally ready for digital payments. Firstly Indian govt should improve the cybersecurity system. Then should be made aware about digital transactions through advertisements, campaign n all. Only then India will be totally ready for the cashless economy.

Thank you!

Hi,

Our topic of discussion is about the security of the digital payment for Indian economy. In my point of view I support for the digital payments. Because it is the faster mode of transaction and any person can send or receive money in anywhere. Only thing that need is the knowledge of Internet and online transaction. Demonetisation in India increases the digital payments.

So many peoples believes that digital payment is unsecur and they loss money if there is some sort of transaction failure. It is mainly due to lack of knowledge in Internet.

UPI Transaction will not cost any transaction fee. And it is easy to transact the money to anywhere within seconds. There by it increases the economy of India.

The major problem in India is that, majority of Indian peoples do not know how to use the smartphone and computers. Considering this facts this will be a great challenge to go the payments fully digital.

Thank you.

No, I think that this is not the right time for the introduction of cashless economy. Because there is not such major step is taken by government regarding its security.

On the other hand, in the rural area majority of people are not having smartphones and also not aware how to use it.

AS WE ALL ARE YOUTH OF INDIA WE ARE ALSO RESPONSIBLE FOR THE DEVELOPMENT OF OUR COUNTRY. So, we should take a step forward for the awareness of process of digital payment to the people who are not aware about it.

Security is not a major issue, government agencies is working on it. We all are aware about the government motive to link AADHAAR with all our transition accounts.

Yes, it would be a great thing but the main problem is that in order to improve such thing first the literacy rate and standard of living should be improved then only the targeted goal can be achieved.

As we must know that our country today has the world's 6th largest economy, we must now go cashless.

Our country and the software engineers are doing their best to make the digital transactions safe and secured. In most of the payments OTP`s are used.

We must make the Indians aware of the safety precautions to be taken while doing digital payments.

As pert my opinion, INDIA is not developed to impose a cashless economy. We just thinking about city, but still, more than 60% don't know how to use a debit card (even some peoples in city) and many villages not even provided electricity connection till date. Without considering rural peoples speaking about the cashless economy is wast.

Hello everyone.

According to my opinion, India is not ready to cashless because in a remote area many people don't know.

Indian economy is a decrease in today it's is very worst situations of the Indian economy. The only urban area is ready for cashless but not more people.