Divya Miglani:

In my opinion, digital payments are not 100% secure for the Indian economy to go cashless India being a developing country but still, there is a lack of technology. Moreover, there are so many hackers who hacked credit card details of an individual and there is a need of education in our country because uneducated people don't know the process of digital payments. As govt of India introduced UPI and BHIM digital platforms for security purpose but due to lack of awareness in our country digital payments are not secure enough to go cashless.

Ritik Agiwal:

Yes, the digital economy is secure enough for the Indians economy to go cashless because.

1- It reduces the taxpayer's fraud (they can't change or generate the different amount bill).
2 - It reduces the lost of people who are sitting at the roadside for selling the vegetables.

Reason - The people who are selling the vegetables at the roadside and a customer comes to them and buy around INR 52 vegetable (the actual cost is 52) and they paid INR 50 to the seller, so they have the lose of INR. But when the digital payments and wallet hit the market the lose was decreases rapidly and the seller is getting their actual amount of product. (The common / lower-middle-class benefits).

The digital wallet is highly secured because no one is going to take your money without your approval or until and unless you paid them. This is a good cause and we should appreciate this cause.


Hello everyone.

According to me, the digital payment system is not yet completely secure to undergo a hassle-free digital transaction. The increasing number of financial scams and cyber crimes are enough to prove this statement. There are still certain digital payment platforms where adequate steps have not been taken to ensure the security of transactions. While some online payment apps may be secure enough, some others are lagging behind with regards security of transactions.

Coming to the consumers of digital payments, there are different categories of people. One category includes people who are educated enough and have a good amount of knowledge about digital payments including the security measures to be taken beforehand. Another group of people are those who are uneducated and hence lack financial literacy. And the third group includes people who are educated but show negligence or reluctance in adopting security measures while transacting digitally. Therefore, govt organised campaigns, seminars and advertisements should ensure knowledge of ways to adhere to digital security in transactions among these people.


The way I think India is good enough to go cashless because government are already introduced some sites like BHIM, paytm and many more and they are secure as they provide UPI gave Otp to the number which is register to that account, the only thing we need to do is to aware people about not to share the OTP and password to anyone we can't blame government For security its in our hand.


Hello everyone,

In my opinion, digital payments are not enough secured why because they are two things we should consider in this topic.

1. How many percentages of people are educated?
2. Security.

Coming to first thing in India they are cities and villages in the case of cities we no need to bother but in case of villages, they can't be able to do these digital transactions so the government should bring more camps to bring awareness and educate the people in villages. Coming to the second topic some apps are secured and some apps are not secured for example Tez and so on, we should also take into point that when transactions are processing if they are any disturbances in net the money will be debited from our account but it won't get credited to whom we are sending, if in small situations ok but in an emergency case and also while sending the large amount definitely it can be hacked by some other person and assume if it is not hacked the money will be returned after 6 or 7 days these days who will fulfill the persons need. In the case of educated people they can manage but in case of village people, they may face difficulties so in my opinion, India is not ready for these type of schemes to amend this still India need to increase the security level and more awareness camps.


As pert my opinion, still INDIA is not developed to impose cashless economy. We jest thinking about city, but still more then 60% don't know how to use debit card (even some peoples in city) and many village not even provided electricity connection till date. Without considering rural peoples speaking about cashless economy is wast.


Hello everyone,

Our country (India) is a developing country. Now many things what we do everyday are cashless. Government is making changes regarding this. Even though so many people in towns and villages don't know about the digital payments. Awareness need to be increased, so that we can make everything digital. When it comes to security, maximum security to their extent is being provided by the apps but rest is in our hands. We should be a bit cautious when we are sharing and in keeping of our details. So, I consider digital payments are secure enough for our country.

Alankar Tare:

Well, digital payments are really working in India since past 1 year. It has own merits and demerits that are as follows.

1. Most important is that India is moving to the cashless scheme.
2. Its saving our time rather going to ATM and make payments to others.
3. It also secures our details and information and password too.
4. Increases India economy.
5. People are easily transferring their money through there phones and gadgets.


1. Lack of awareness among the peoples.
2. Lack of knowledge that how to send money.
3. Data can be a hack if we not use secure payments and share their information.


They can be said secure but not totally, As Indian economy consists of people involving of different status and of different perceptions. Firstly let me tell obut an above average people (financially). These people are much aware of technology and they even encourage digital payments as it is easy going process and they can see to it and can look at changes thoroughly. But if you take the case of people who don't have any prior knowledge in technology. For them it would be risky and they might not adapt it properly and may not even go dependent on others for financial payments. I mean to say even the payment might be secure but some people may try to cheat them as they are not aware of it. So I conclude its not secure if all the cases have been taken into consideration.


Proper implementation of anything in the world is a difficult task for the management. If we talk about the Indian economic system, the first thing comes in our mind that the approximately 65 percent of the population dependent on the primary sector (agriculture) of our economic system which of the most are not able to use digital payment system due to the lack of awareness and knowledge. And another problem related to the digital payment is security which can be secured by implementing the proper data algorithm system because today India is growing in the field of computer science. Another side we have many benefits of it like convenience, time-saving (fast payment), more flexible, no tension of carrying cash etc. Finally, I want to say that digital payment would be better if we bring this system in front of people with more secure and aware.

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