Are digital payments secure enough for the Indian economy to go cashless?
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2111 comments Page 98 of 212.
Shashikant singh said:
7 years ago
There is no doubt that India is moving towards digitization. It is also an opportunity for us to make contribution into this wave. Our govt is making tremendous efforts to make this wave successful. If it happens, we can save our time and efforts. But if we think towards the other side there are some loopholes too. Aadhar data leak has been in news for many months. There are also many cases of balance theft or phishing. So, to check this, first govt should aware the common people toward digitization. Govt should check the availability of smartphones etc.
(28)
Vaibhav sakhare said:
8 years ago
Hello friends,
According to me, there is always to side of any thing, it has a advantages and dis-advantage also.
So by comparing both the sides we have to find the conclusion of it.
Well, according to mi the cashless transaction is good thing to improve the economic and progress of our country but it must be done under some guideline.
We have to think that if we apply this then which problems has to fetch the people.
And, also have to take the pre-planed action to resolve this problem. So that the people can made convenient and secured transaction.
According to me, there is always to side of any thing, it has a advantages and dis-advantage also.
So by comparing both the sides we have to find the conclusion of it.
Well, according to mi the cashless transaction is good thing to improve the economic and progress of our country but it must be done under some guideline.
We have to think that if we apply this then which problems has to fetch the people.
And, also have to take the pre-planed action to resolve this problem. So that the people can made convenient and secured transaction.
(8)
Abhishek said:
8 years ago
Hi.
I am Abhishek.
I would like to mention some points which should be focused.
Digital payment is good for reducing corruption, saving time, improve the transparency etc but point should be noticed that how it is secure.
Before go through the digital payment to make Indian economy to cashless,
There are very village where we can't access the internet, if there is the network problem is there.
And also less security to our biometric data like AADHAR.
And there should provide awareness program to the people.
Digitization should be at ground level.
I am Abhishek.
I would like to mention some points which should be focused.
Digital payment is good for reducing corruption, saving time, improve the transparency etc but point should be noticed that how it is secure.
Before go through the digital payment to make Indian economy to cashless,
There are very village where we can't access the internet, if there is the network problem is there.
And also less security to our biometric data like AADHAR.
And there should provide awareness program to the people.
Digitization should be at ground level.
(12)
Sushil said:
8 years ago
Good evening everyone.
According to me, because of digital payments government can easily track the black money transaction but I think digital payments is not enough to secure for Indian economic to go cashless because many small shopkeepers are not much educated so they will face many problems because of the cashless transaction. I also felt unsecured when there is a huge money transaction through online, So think how much they fell insecure.
And one more think the government is also not promising people for compensation if any type of fraud happens.
According to me, because of digital payments government can easily track the black money transaction but I think digital payments is not enough to secure for Indian economic to go cashless because many small shopkeepers are not much educated so they will face many problems because of the cashless transaction. I also felt unsecured when there is a huge money transaction through online, So think how much they fell insecure.
And one more think the government is also not promising people for compensation if any type of fraud happens.
(7)
Naman Singh said:
8 years ago
Hey guys.
For me, digital payments are a great success in our economy, We don't have to carry hard cash everywhere to make our payments. Our payments have been made so much easier with the use of smart multimedia. But its more prevalent in the major cities not so common in the rural areas, So there is kind of diversion occurring in our nation which has to be removed, to avoid problems faced by the people in our nation. Government should make sure that valid means should be made available to the people so that they can go cashless anywhere in the nation.
For me, digital payments are a great success in our economy, We don't have to carry hard cash everywhere to make our payments. Our payments have been made so much easier with the use of smart multimedia. But its more prevalent in the major cities not so common in the rural areas, So there is kind of diversion occurring in our nation which has to be removed, to avoid problems faced by the people in our nation. Government should make sure that valid means should be made available to the people so that they can go cashless anywhere in the nation.
(3)
Rohan said:
8 years ago
Yes, From My point of view, India is improving day by day if we can see any fields which required improvement. From literacy to Economy India is becoming strong. Digital India is one of the Biggest step taken to put India to the next level. Being cashless and having balance in digital accounts is not only helped India to stop corruption but also it helped people to know how they can have the best use of their money. Where security is concerned govt is starting their own payment wallets which are also a helpful hand in the new scenario of going cashless.
(15)
Sushmitha gowda said:
7 years ago
I feel digital payment isn't safe from the perspective of being hacked, but then if we could make an improvement in cybersecurity this would go hand in hand.
As most of the people in India are not comfortable of being digitalized may be because a few are unaware of usage, it would be prominent if you make a social awareness about the ease of usage of digital payments this would make wonder.
And yeah on a serious note misplacing or theft of money may also be reduced as a carry of heavy cash may not be needed all the payments are done in our fingertip.
As most of the people in India are not comfortable of being digitalized may be because a few are unaware of usage, it would be prominent if you make a social awareness about the ease of usage of digital payments this would make wonder.
And yeah on a serious note misplacing or theft of money may also be reduced as a carry of heavy cash may not be needed all the payments are done in our fingertip.
(22)
Kanishak Kesarwani said:
8 years ago
Hello, Everyone.
My name is Kanishak and I would like to say that now India is developing at a very good pace and it is the need of an hour to go with digital payments because there are certain reasons for it such as the method is totally secure as it requires one's mobile number for OTP. Secondly, if don't have to stand in a queue for doing a transfer of money. You can easily do it through various digital platforms such as paytm etc.
However, one major issue that one can face is based on networking. Sometimes bad network can cause a serious problem.
My name is Kanishak and I would like to say that now India is developing at a very good pace and it is the need of an hour to go with digital payments because there are certain reasons for it such as the method is totally secure as it requires one's mobile number for OTP. Secondly, if don't have to stand in a queue for doing a transfer of money. You can easily do it through various digital platforms such as paytm etc.
However, one major issue that one can face is based on networking. Sometimes bad network can cause a serious problem.
(9)
Alok panday said:
8 years ago
Hello, everyone! I agree with my friend Ali,
I can say some thing problem has created in every steps which goes to best field. I know we are not devlop as much as like china, us. But initallisation of good thing is not bad, I know it is not easy but does it means that we leave it. Our 25% population is arrogent who is not believe in this type system. There are major problem in front of us whose should be try to over come it. India is not completely ready to became cashless. But if users use this type system very smartly then problem will be short out.
I can say some thing problem has created in every steps which goes to best field. I know we are not devlop as much as like china, us. But initallisation of good thing is not bad, I know it is not easy but does it means that we leave it. Our 25% population is arrogent who is not believe in this type system. There are major problem in front of us whose should be try to over come it. India is not completely ready to became cashless. But if users use this type system very smartly then problem will be short out.
(15)
Vanika said:
8 years ago
Hello.
Even though the digitization scheme has helped in shifting people from cash economy to cashless economy, however, it has partially failed in the security of digital payments while the hackers are on the look for loopholes to rob people. Govt should take stringent measures keeping in view the recent cyber attacks. Banks should take measure to educate its customers regarding cyber security and common man should change their passwords on a regular basis. Moreover, use of OTP or other similar codes may be used to ensure the identity of the person.
Even though the digitization scheme has helped in shifting people from cash economy to cashless economy, however, it has partially failed in the security of digital payments while the hackers are on the look for loopholes to rob people. Govt should take stringent measures keeping in view the recent cyber attacks. Banks should take measure to educate its customers regarding cyber security and common man should change their passwords on a regular basis. Moreover, use of OTP or other similar codes may be used to ensure the identity of the person.
(2)
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