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

Good morning guys, yeah off course it's a very secure method of payment. I support it and I wish all the people of India should have to support cashless movement. With using digital payment, bring transparency as well as have proper record of any transaction which prevents any type of corruption. And the second thing is that through using digital payment can prevent from black money and illegal currency. Some other factors also support digital payment. In our daily life, every decision and action have two faces one is positive and negative but the matter is that how we see it and coordinate with it. Thanks, Everyone.

Yes, digital payment is beneficial for us, its provides facilities.

Peoples no need to takes lots of money in travels.

It gives government records pf money.

Lack of black money.

Free from corruption.

But it has also some drawback like those poor people who has no bank account and no idea about how to use ATM have troubles to find out the advantages of going cashless. And also people need internet facilities which are not necessarily available at every places n speed also not good to use it every place.

I think it's great idea for developed our country but one problem, it takes more time. Those people are lived at rural area.

Hello everyone! Today's topic is:- Are digital payments secure enough for the Indian economy to go cashless?

This is a burning topic. According to my point of view, our country is now strong enough to take such a big decision. We must appreciate this idea of digital payment. Digital payment is necessary for a healthy economy. We want a corrupt free nation. Corruption has reached at highest peak. So, to overcome from such issues we have to adopt this idea. Certain difficulties will definitely come. But together we can overcome these difficulties. No matter what is the literacy rate of our nation or how many people seldom use new gadgets, if we are together we can fight these issues very easily. This decision can remove corruption up to a certain level. This is a golden opportunity of making India-a corrupt free nation.

Jai Hind!

Thank you.

No doubt, that India is quite new for a Digital platform, but as you can see, that 100% efforts are being made both by government as well as private wallet/cashless service-providers.

If you might have used and eventually noticed that Paytm/BHIM apps which are often being used by people nowadays, so there are regular updates now and then from all such digital-wallet providers to enhance their services and make them as much user-friendly as they could.

I downloaded the BHIM app on the day of its launching, but didn't have a very nice experience as I faced some issues while signing-up, so I uninstalled it. Later 5 days back, I again tried to access it by downloading it again, and things were too smoothly done.

Paytm has updates almost daily or at least every alternate day I suppose. I mean each time they are easing the way how things are done and bringing up new features.

The UPI apps launched by almost all the banks are also being updated accordingly and are working in a robust manner.

Moreover, as far as security is concerned on the digital platform, it is quite safe as of now. Unfortunately, even if there is some kind of breach in the future, then also we should not blame the govt or the move of demonetization for such an act because even banks (when cash transactions were only done) were threatened with dacoity at many instances.

Also as we all know that somewhere at the back-end, our banking system had already transformed and evolved to being digital from a very long period. But at present its new just because the front end (i. E, we as customers) are also migrating to the digital platform.

According to my view, cashless economy is important because it reduce the block money scams and robberies.

It is possible when India literacy rate increased, for this government should take steps to increase the literacy rate in India.

Hello, everyone.

In today's world, digital payments are safe, secure and convenient for the Indian economy but only if our literacy rate is increased. However, this is not possible instantaneously all of a sudden to meet the present day scenario of digital economy.

So govt should take measures to educate and create awareness among people atleast for the basic transaction. Online purchases, etc. In addition to this, people must be made aware of the discrepancies if they are not cautious. For example like disclosing their passwords, account info, giving fingerprints unknowingly in apps like Bhim, will arise security concerns.

We (the students) must also support the "young India campaign" to make digital payments secure. Every person must take there stand.

Govt should also introduce digital portals in local languages like Assam govt did. So common man can understand how to go cashless easily.

Govt should also take stringent action against cyber crimes, cheating of illiterate person.

By taking proper measures for illiterate people, digital payments are mostly secure for the Indian economy.

Hi friends, in my point of view, it is not a good decision because some civilization Ares they don't know no how it's used & easily to hide the black money transfer the money from one country to another country. I think it is not secure process day by day increased in cyber crimes & online frauds. So it is not a good process.

Hello dear.

My opinion of this topic is completely cashless is not possible in the country, because many people have not aware about Online banking or Transection through ATM. It is necessary to developing country using digital payment, but fully it never becomes cashless.

Education has no end. It's a great opportunity to learn more about our money security. Now we can know our every transaction of bank account number by installing app of respective banks. Like balance enquiry, mini statement etc. It saves our time also. We can purchase any items online at our homes after proper verification on items, rate, quality, brand etc. Only we have to know its security. Procedure to be promulgated to all. Not required to educate every Indian. Only the youth is enough for a house. Elders who are not so educated technically should give freedom and belief on youth. It will help our next generation become digital. They will definitely improve their life-style better than now. Thus India will go cashless in future.