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

Well I read most of views and each comment one sentence Is mention that in our country many of people is illiterate. But you have to think there are many people who literate. Every coin there is two side so in my opinion this is a good way to make India digital. Not 100%will be succeed but if we reach atleast 70% in 2 year then it make a big change. Nd one more thing I think it is secure if we alert then you never get hacked. So be smart and make the world smart.

Yes.

India is well growing country among more countries in the world. India is basically depending on the economy, that can bring cashless transactions. The cashless payments bring the country towards the development of Indian economy but some illegal activities by the hackers gone wrong to the normal peoples. The main victims are only civilians that are using cashless transactions. Every enemy country had to know how to discrete the country economy so that's why they developing hackers. So the cashless transactions bring county growth but some remedies to be taken by government.

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 everybody! everyone have their different opinions towards this cashless economy, like it's safe or not, how illiterate people deal with this cashless criteria, etc. But before saying all these things first of all we have to focus on the economic conditions of the poorer of our country, in India there are so many peoples live who don't even have enough food to feed them or their family so, how can they afford such expensive gadgets for every member of their family to do online payments, in my opinion this is the biggest issue against the cashless economy.

According to me the digital payments are good one. It will increase the economic range of the India in guge manner. And this system reduced the black money on society, its result the poor of Indian people to be overcome. And this system definitely increases the Indian economy.

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.

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.

Yes.

As we talk about cashless economy it would be beneficial and secure for people because if people will use online transaction they will learn more about things and tend to be digitalized. It saves time because example if we are going to withdraw money from bank we have to go there and do it if we are having online banking we can do it in few minute and save time.

According to my point of view India is still a developing country and also the literacy rate is not 100, So it is quite risky to go cashless because there are so many people who don't know even how to use Atm and do online transactions. Yes I also agree the decision is great by the government but at first gov. Should focus on the development of individual. They only India can be developed.

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.