After the government’s demonetisation move in November 2016, there has been a key beneficiary in the thrust towards cashless transactions. Digital payments became a preferred mode of money transactions across the country. The convenience of using digital payment options has enticed more and more consumers across age groups. However, there are some privacy concerns and threats of frauds while using this digital payment options.
Four experts from different areas of expertise give their take on whether the thrust on digital transactions post demonetisation helped consumers.
Digital payments growth brings in its wake privacy and fraud concerns
Venkat Krishnapur, Vice President of Engineering and Managing Director, McAfee India