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

Advantage :.

According to me, it is very necessary for any country economic.

Through digital payment, we can save our time and also we can carry a big amount of cash without fare of robbery.

Digitalization provides 24/7 availability and it will make our life easy.

It will also help to make our country corruption free.

Coming to security part, govt also trying to control hacker by tracking transaction path and also implementing more technology like taking the thumb impression and sending OTP to register a phone number. Like we can make our transactions more secure.

Hello everyone,

I would like to say in favor of digital payments. It would be a great initiative if our govt successfully implement it all over India. People in urban areas are ready for it, I know they will not hesitate to make digital payments but the problem arises in Rural areas due to their lack of education but we can resolve this by giving them proper awareness and education.

Advantages:
I) you can make money transactions with little effort or difficulty.
II) it will give various discounts for various money transactions.
III) it has lower risk etc.

Thank you.

If you are aware of the types online threat lurking in cyberspace, you can guard yourself against most financial frauds. Here, only awareness is the key. Follow all the safety norms and you are good to go. There's no such good time for going cashless. Threats are present today, they'll be present tomorrow. Need is to keep yourself updated and know what to expect. Here's a Pro-tip: Maintain a secondary account with just the amount you need to carry out online transactions. This way you keep your primary account beyond reach, in the event you're a victim of online fraud.

I support cashless economy and also I against cashless economy.

I support cashless economy because it is very helpful for save the time and money because in the companies online transactions is very impotent for the business and also it is very impotent for the banking system and government policy.

I against cashless economy because for the Indian people cashless economy is not possible. Because all the Indian people does not know how to use online transaction. They do not know how to use credit and debit cards. So for the Indian people cashless economy is not good.

Yes, going with digital payments is a very good thought. Take an account of paytm like apps where you can make the bill payments, recharges from wherever places we are in. It saves our time of going manually into particular places and we can make the payments irrespective of what the time is. However, the main problem is how to create awareness among illiterate peoples. In my point of view, It is not fully possible from Government only to make them understand however it can be made easily by explaining to them by the literate peoples at least among their own families.

In my point of view, digital payment is very secure because one thing we all come to know that even after people unaware of digital payment they are trying to do so and in that span they come across the different system.

And there they do learn something about Digital world. After launching the BHIM app many middle-class people became aware of it and they used it even a fruit vendors, vegetable shop and many more they all came across it. About the security nowadays app have many security systems so its quit impossible to do any thing wrong to the digital transaction.

Just a few months back incident, wannacry ransomeware attack, the overall world were affected by the cyber attack, but astonishingly our Indian atms were almost unaffected, it seems to be our cyber security is too much tight but it is not so, contrary, the fact is a big no, operating systems of our atms are so backdated that hackers also didn't know how to hack those, it sounds good, but in a deep thinking, it is not so good. Our Indian cyber systems still require a upgradation in a bulk, so I think it is not the exact right time to implement digital payment system.

Hello everyone!

I am Suraj.

So, we are talking about digital payments and it's security. It's, of course, a secure method of payment. It's very quick and easy to transfer money through mobile.

Our main consideration is the awareness of digital payment and the availability of basic infrastructure needed for a digital economy.

The thrust required for it is given by the demonetisation. As the time will pass and the use of digital payment will increase exponentially, further processes like cybersecurity improvement, basic infrastructure and awareness will increase.

The digital payment was one of the sophisticated systems where ever, whichever we can use easily with lots of time-saving, but we are having still a developing country and we must think that of rural villages which had not had an internet connection, daily wage peoples they just do the very minimal amount of transactions and old aged peoples they don't have proper knowledge about how we mobile phone and all. At last, when we have overcome with All these challenges we can definitely implement a fully cashless transaction in our country but this is not a proper time.

Hi guys I am Ragini,

My point about digital payment is most important of our daily life. Through which we can easily very easy to transaction anywhere. But still now face to more and more problems someone. And they are alway worried about their money and so they are no use to digital payment and they think cash hand transaction instead of digital payment. Spacially rural area more concerned about things. Still Digital payments are work is best in urban area but not work in rural area. Still small business men not use to bhim app pytm and ect. Digital transaction.