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

Good morning everyone!

Digital payment is obviously a strong, advanced move from our government. It can help us from those tiredness of those long queues, think of submitting electricity bill or gas bill. Again all the transaction are there can be traced, so no issues of blacking. Definitely digitalization will be adopted in our country if not now, then must be 50years after. Because all of its benefits. But its main fault is our uneducated rural people, who don't have sufficient primary knowledge of there. Government must ensure that they know the process properly. And it is a time taking process. Again there are hackers also. Security must be ensured so that people can believe in this.

Hai friends, The digital payment is very secure. But the India is 70% agriclural country. The most of people is not bothered in digital payment. If the illiterate people are educated by educated person, lam sure the digital payment is possible and secur in India. The Indians is not too idiot. They know understand what we told.

India has the second largest population in the world i.e. if every single transaction here happens over the paper money, believe me, it will become so intangible to deal with it. Therefore to establish yourself towards a developed nations we have to go through various pains and going cashless will surely be one of them, but this pain ensures a great relief in future for sure. Now coming to the point is it secure enough?

Yes! of course, it is you have to go through various security level like you're card CVV no then a verification OTP msg following you're transaction message to your mobile no. Yeah, I do consider a bit of knowledge to the internet is a must but c'mon we have been crowned as the youngest nation for this decade and to be noted the no of smartphones, the buyer is toped by us again so we definitely know how to use the internet in our own benefit. So to sum up I will likely to add that digital money is similar to ordinary money it just you don't have to carry your hard earned money in a bag reducing your fear of getting robbed so it is a high time for every citizen of India to move towards digital payments and to believe the government strategies for now.

Hello Myself Shubham,

These days Indian business environment is changing continuously and a big change in the economy is Digital Payment. That's good for the country to do business online and their transactions also, But as we know India's 30% population is Urban and 70% is rural. Out of that 30%, only 20% is access to the Internet and 10 out of 70 from rural. That's is Big Concern for Indian Governments to innovates those people toward Digital economy. This would take more time and huge cost. But if we Totally grab these changes. One day India reaches at the place of top most countries.

Hello, friends.

Digital payments are not secure enough for Indian economy to go cashless because in India number of illiterate population is more than literate population, so many of the people are not aware of the technologies, so they even don't know how to pay online, and for that we need to aware them regarding online payment system, the banks would likely to give education to them, as there banking business will also be enhanced and it makes Indian economy developed as well.

Yes, I think must be there it have many advantage:

1. It saves people's precious time.
2. It also represent our country advanced.
3. It also reduce robberies.

In my opinion, digital payments are good because we can securely transfer money to our devices in the home, through accomplishing the digital payments method it will help many people who want to transfer money securely.

Yes, because everyone have different password and this digital payment concept is necessary for the development of Indian economy. And for every problem there will be a solution. Even carrying more cash also not safe so that digital payment is necessary.

Yes, in my point of view, digital payments are secure as well as very helpful. It reduces the load of money to be taken with ourselves. It is beneficial for the transaction to be done so that more and more people involve in this. Digital payments are making people more towards the digitalization. In present era digitalization is more important.

I like to say about the cashless transaction that everything has merits and demerits.

- It helps to reduce corruption. When our government announce some scheme it's amount will reach directly at the target site. So agents concept will be demolished.

- It will reduce the time. Help people to do transaction inconvenient way.

-It benefits to literature. But in our country, so many people are there who unable to read a single word without Thier own name. It harms to those people.

-There are too many chances of cybercrime. Even some cyber experts may start to coach person how to theft money.