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

Hello according to me, the digital payment would be secure and it also makes a convenient use of transaction but in still India is. A developing country, so 60% of the area is covered by the village and in village people, are illiterate they don't use and fully unaware of all that credit and all of this facility. Soo now the 1st there is a need to provide a special training to use there benefits and disadvantages all of this regarding digital payment.

I think digital payment is important for our country as cashless transactions will solve the problem of fake notes. It will also solve the problem of terrorism as terrorist funding will get stopped. Also, there will be no problem of handling of money with care as in case of notes where we have to protect them from water, from getting folded, etc.

Hello everyone!

I would like to raise some points in the favour of digital payments rather than to go cashless because in the country like India it is more favourable. We know India is the second most populated country following China, most of the time we face cash problems in ATMs and even in Banks. If we would have such facilities than we can fulfil our needs going with this. We can't deny that for making such payments we need good internet connectivity but on the other side many mobile applications like; Paytm, Mobikwik etc. Have been developed which can work on normal speed internet. We know very well that people from rural areas can have also access of this as they are very active on social media but here the point of concern is to make aware of this to them.

Digital payments are more secure and worthwhile in our country because here many corruptions issues are occurring day to day works that may be in Government or Private sector, it will help to reduce this in large extent and another vital issue like; theft and robberies also occur in our society, digital payments will surely help to reduce these malpractices.

Thanks.

Hi, friends.

Here, we are discussing on the cashless economy. So first we could tell those people who don't know about cashless economy that what is it and how it is work easy. Cashless is a money transaction phenomenon, in which we have not required the money cash. It is work on electrical device by debit or credit card or internet. Cause of it a new revolution come in world. So let's come, more use this and make a part of this successful prime minister campaign.

Hi, friend.

I hope that cashless is ours responsibility that makes a great nation and less corruption. But few problems have come as no every one knowing about this. Thus we should tell them and more promoting. Let's come 'learn more about this and make a part of this successful campaign.

Hello, I would like to state against the argument by stating that more than 35%of the Indian population lacks the access to the internet and thus lacks the ability to pay by means of e-wallets and credit cards.

While e-payment can be less time consuming there has been an uproar among the rural areas about the unavailability of cash and people having to wait day and night to get their cash due to demonetisation.

Thus availability and proper education about the cashless economy should be given first and then the actions should follow.

Hello everyone,

I think that digital payments are secure enough for the Indian economy to go cashless because now, we don't have to carry the cash with us every time. Digital payment is a boon to the Indian economy. There are a lot of apps and e-wallets like paytm, mobikwick etc. Which helps us to perform digitized transactions smoothly. Nowadays, small shops like food and tea stalls also have the options for paytm and all.

Carrying and paying in cash everywhere was not so easy. Sometimes in need, there were no ATMs around to get the money. There is a major problem of getting change when we have to pay a small amount like Rs. 20-30 and we have the money in the form of a Rs. 500 note. So, digital payments have also solved this problem and have made transactions easier for us.

Digital payment is a very good initiative by our government It is secure enough for the Indian economy to go cashless. It is a quicker process of transaction. Otherwise earlier go to bank carrying money is a very slow process. In some serious issue we can make payment so quickly. In some rural area people don't know about digital payment. So they don't feel secure. If govt take any initiative to teach them about that. Then that process is awesome.

Hi everyone.

According to my point of view, digital payment is a good way to prevent corruption and also it help in growing Indian economy. Most of the people think that the digital payment is made by the third party so it's safe or not?

But in my point of view, it safe and secure and we also have done easily payment.

I think it is a great initiative taken by our government. But we know that in India most of the people are from rural area and they didn't know about the digital payment even hi don't know about how the transaction occurs from atm. So govt has a right implementation for such area people and educate them about the digital method.

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.