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

Hello everyone, I totally agreed with the government taking steps to implement digital payment in our country as our honorable prime minister has once said that for a long term gain one has to bear some short term pain therefore it is true that it is not secure and most of the people in our country is not aware about digital economy but some step must has to be taken to enhance digital India and also awareness must be spread about these things in rural areas like organizing a training campaign to spread information about use of debit card credit card etc.

According to me to become cashless is very good idea but it can't be applicable whole over the India because we all know that there are many people who are still not educate as well as there are huge part of the population who didn't knowledge about who to use the ATMs or do the online transaction.

The conclusion is that if the government want this they must ensure that each & every person of our country well known about those advantages which is more over the disadvantages.

No at present digital payments are not enough secure for Indian economy. Most of the people in India don't know how to operate digital payments, and most of them also don't have internet connection. Other problem related to it is hacking. Privacy of I'd and password is not secure enough. Digital payments can be implemented in India but after proper education campaign in rural areas and by giving assurance to people's that their privacy is secure enough. That's it.

From my point of view I say that the digital payment are very much secure in our country. If you use proper instructions to make payment to any person then one can able to do fraud with you.

I am against cashless economy. Because I don't find its useful for grassroot level people. I just want give reasons which really support my thought against cashless economy.

1. Our literacy rate is not sufficient to go for 100 % cashless economy.

2. Concerns with security Because it may be hackable.

3. Developed countries also tried for go cashless. But they also fail in that.

Hello everyone.

I think this decision of government is nice as it is now safer and easy to make payments due to online transactions, it increases transparency, as we can now track transactions and it is fast as well but this might not work fully in our country now due to lack of effective technology, resources, awareness and illiterate people in the rural areas. So for the proper implementation of the cashless economy, the government have to work in these areas.

Thank you.

I think digital payment secure if you carefully used. Its provides all the facility to use any where at anytime. But security depends upon you how do you use this during the payments. The very good advantage you use anywhere at any time.

So it is very useful for cashless payment.

I think that the way to cashless is very good and secure too in a way to cash, cash can be easily stolen, the transaction are safe and if any kind of problem arises you have the service centre and if you think your account is hack you can complain in your bank. The way of cashless for indians is good for even reducing corruption and black money transfers I do agree with the ones who say that it is not good for uneducated people in rural areas but for them the oy help can be provided to make them understand how to use atm card because it is really good to go cashless in market and do upi transaction and use of paytm we can avail a special discount on the transfer too. And the bill payment through this app are really to helping, no need to go anywhere in a long to pay your electricity bill.

I think digital payments are secure enough if you take care of your account like changing your internet banking passwords and UPI pin and also your transaction passwords. I used to do all payments online with no fear because I change all passwords and atm pin. I will handover to my friends thereby.

At this point I would say that India is partly ready to go cashless as it covers mostly the rural areas and illiteracy is the most prevalent factor. Hence it is much more important to educate the ruralites now itself than to immediately launch the practice of cashless economy.

Whereby that education must be fully of making understand and setting ready the people for the economy tomorrow.

Which goes by the saying "Necessity is the mother of invention. ".

Thank you.