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Group discussion Are digital payments secure enough for the Indian economy to go cashless? – HR interview questions with answers Part A
1.First of all, cashless sounds easier to handle to cash anywhere in the country or anywhere in the world. But some hurdles are making it confusing among the people because we prefer cash in hand more than in virtual wallet. Almost 80 percent peoples inccludes farmers, labours, basuc phone users these are not knowing about how to use internet, mobile so its not to easy to make them instantly use mobile phone to transact due lack of knowledge so we must teach them how to use and give trust that your money is safe and if any problems come to him during transaction where the contact and solve their issue and how to secure digital tranction so in these days cyber fraud is going increasing like sms froud, coupon lottery froud and stole customer information so people’s must know these type of information and govt must take some action against it.
2. Digital payment is good initiative but not secure enough for the Indian economy to go cashless because some point money is compulsory. I agree with all my friend using digital payment zero corruption, essay to pay anywhere and safe.
3. Yes, digital payment makes cashless India but secure because some uneducated people don’t know about how to use digital payment.
And some people not secure for payment details for a pin number and card number. The unkown person asking a question like a bank staff through a phone call, mail and some other way they said detail and this is important point thank you.
4. Yeah, of course, digital payments secure enough for the Indian economy to go cashless but certain things should be applied first, for example, the government make certain efforts to create awareness among lower caste people like farmers, labours.
Digital payments are secure because of the One Time Password encryption but the problem is that with the increase in the digital payments, the cybercrime will also increase so the government should also have a look at it. And many Indian farmers and labours don’t have smartphones till now so that government should also think about it that how will they manage to go cashless.
5. Not at this point in time where a major portion of or country don’t know or barely know about the internet.
Yes, I agree with that there are many advantages of digital payments. But at this time India is not totally ready for digital payments. Firstly Indian govt should improve the cybersecurity system. Then should be made aware about digital transactions through advertisements, campaign n all. Only then India will be totally ready for the cashless economy.
6. Today we are here to talk about the use of digital payment to make our country a cashless economy. According to me yes we can make our country a cashless but there are some hurdles like.
1. Rural area people are not that educated.
2. No internet connectivity in rural areas.
3. Security (due to which educated person also prefer Cash). We have to remove these hurdles then we can make a cashless economy.
7. Digital payment is one of the best option to come up from demonetization. As cashless transaction provide us safety through OTP, encryption etc. , I think digital payments are secure. But as amount of transaction through digital payments is increasing, amount of cybercrime or cyber theft is also increasing. Thus goverment should spend more to secure digital payment. So that common people will also prefer cashless transaction.
At the same time awarenesses about digital transactions can be made through campaign or advertising in rural areas which will be more beneficial.
8. I think in the Indian economy Digital payments can pave the way of this nation towards a developed country, however the term CASHLESS can’t be used because a major portion of Indian population are farmers, rural people who can’t afford a smartphone, let alone doing E-transaction, moreover some people don’t have even bank accounts yet. Because they live their life on daily wages. So, if the Cashless Goa example is adopted by any other state for example-Odisha and Jharkhand, there is no denying fact that the creamy layer of digital people like us will lessen the weight of our pocket while going to market but it will be those countryside fellows who will bear the burnt of the situation.
9. 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.
10. Obviously, digital payment is secure enough to led India towards the cashless economy and demonetisation was a very effective step to promote it. Before demonetisation, digital payments was not very much in use but post demonetisation use of digital payments in India has been gradually increased not only in urban areas also in rural areas excluding exceptions.
But our government Needs to invest more on cybersecurity department because as much as the level money transaction increase hackers too will increase their level. So it is necessary for the govt to take India’s cybersecurity to the next level.
Moreover to develop awareness programs regarding cashless mobile payments systems in areas in where the cashless system is not in trend.
11. According to me, we must go cashless. Because it is secure and very easy to use. As we use many cashless transaction applications like Paytm, BHIM it is very easy to send money to others we do not have to carry cash with us but in India the literacy is less than other countries and people in India more prefer for cash instead of cashless transactions hence it will take some time to go cashless. In India yes it will take time to go completely cashless but we should tell people how to use it then only they will understand it and use it.
12. Yes! its a very secure method in my opinion. If we want to achieve cashless economy, first the government should make awareness in people especially in rural areas. Now -a- days we are getting some wrong calls asking people to tell their login credentials. If we are totally aware of our own safety. Then, it is surely a very secured and makes easy for us do transactions. Still we are just in initial stage. Its takes some time to completely transform into cashless economy. For the government to implement totally we will have teething troubles but it is very sure that it is a safest measure for our future.
13. As we all know that it’s not just about security, its also about educating people for cashless transactions. With a lot of advantage of cashless India, there are some measures which should be taken to make India completely cashless.
1. The government should give some benefits to rural area people for cashless transactions. Also, they should go for more campaign and advertisement and be making them aware of thefts, hacking etc.
2. Also, the government should limit cash transactions to a certain value to minimize black money.
3. They should make it more secure so that people believe it completely.
4. Facilities such as internet connection, electricity etc. Should be increased particularly in rural areas.
And also Rome was not built in a day. So, obviously, it will take time for India to go completely cashless.
14. In my opinion, yes it is secure. Digital payments is the future of financial transactions, especially in a vastly populated country like India. It has many features such as encryption, biometrics, OTP, etc which has secured many financial records. The only demerit it has is that it is only limited to urban areas. Rural people have no idea what digitisation is, let alone digital payments. So digital payments can only secure the Indian economy if people from all sectors understand its benefits. Hence digital education is highly important, especially in rural areas.
15. Digital payments may not secure enough because the rate of illiteracy is high in comparison to other countries economy and so people do not have proper knowledge regarding the use of such cashless transactions.
16. If we are talking in context to present Indian scinerio, digital payment is more confined to urban areas. For rural areas digitilazation have to go through a lot obstacles like electricity, internet issues, illetracy ect. India is lack in literacy, so it first hard job to make people know about digital payment, after this we have to make him believe about its security and benefits. As in India people are not so educated so they are more prone hacking. So it’s government responsibility for security of digital transaction. Finally, reference to present scinerio digital payment is secured for those who are educated it is insecure for illiterate.
17. According to me, yes it is a secured method, digital payments do not involve only payments through mobile phones over the internet. As we know, today almost 70 percent of the population is having their debit card or credit card or accounts in banks through which digital payment can be done anywhere via card swipe machines etc. Which are available almost in every shop except a little bit less in rural areas and these payments can be done by illiterate people too as it involves simple and secure steps.
18. I think digital payments are more secure than cash payments. As cash thefts are more frequent than digital payment thefts. Chances of the culprit being caught are more in case of digital thefts as we have some info such as IP address, mac address. But in case of cash thefts, we generally have no information regarding culprit. Also, digital payments can be made more secure with time which in case of cash payments is not possible. Black money can be completely eliminated if a country became 100% cashless.
19. A cashless economy is a next step towards under developing to developed country but before it, is necessary to educate about the digital payments in rural areas. To establish a proper networking framework. Prepare strict rules to secure digital payments. When the proper structure of digitalization is prepared in that time India will be converted into digital India.
20. After going through each of the answers and the topic only thing that kept striking me in my mind was that security is not what we should worry about whether it’s enough or not. Talking of Indian economy going in a digital way, the most important thing we should worry for is that whether the outskirts of the cities or the villages where electricity is still not available, can they be digitalised? then comes the question of security.
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