The information technology has revolutionized various aspects of our life it has provided an easy way to go for digital payments. The common people started to move from traditional payment system towards digital payment systems which ensured safety, security and convenience. With giant technological leaps in the smart phone and easy internet access led Indian market to accept digital payments. Initially the scope of digitalization into the market was not that popular but due to changes in the technology people became more aware of digital payments. Quick transfer of payments can take place from anywhere in the world within seconds. The percentage of the digital payments through other modes is also increasing in a significant speed for instance Google pay, Paytm etc. All the transactions in the digital payments are completed through online. It is an instant and convenient way to make payments.

objectives was :

1.To study the impact of cashless transactions on individuals and their behavior
towards adopting digital payments.
2.To understand the problems faced by the people while making online
3.To analyze people’s opinion as to why digital payments can be a source of

India is a diverse country with mixed economy. Cashless economy is an economy where all the transactions are carried out digitally without using cash. Going cashless means it includes e-banking, use of debit/credit cards, Googlepay, phone pay, digital wallets, etc. A cashless country lessens the pester of carrying cash in hand to make a sufficient payment. Digitized payments have become the most efficient and convenient way of transaction. This process helps in the financial transaction. We can also define cashless economy as a flow of cash in an economy in a non-existent way. To get rid of corruption and boost our economy, the only solution is technology- to convert from cash to cashless economy. A cashless India is the first step towards making the dream of digital India a reality. The goal of cashless economy is to become a 100% cashless world. However, it’s not possible but a closer to it is possible. It helps to increase digital literacy. A cashless economy helps create huge employment in IT and software sector. The country will transform itself from informal to a formal sector. The real path of a cashless economy was laid in 2016 by the implementation of demonetisation. “Faceless, Paperless, Cashless” is one of professed role of Digital India


A system where no real cash is accessible for use is a Cashless System. Payments are made electronically i.e. through credit/debit cards, net banking and virtual wallets. The idea of Cashless economy is essential for the Digital India program and its vision is centered around changing India into a general public which is carefully competent and where there is no cash lane. The Government of India is functioning dedicatedly to push India towards a Cashless Economy. The plan is to smooth our the economy and curb corruption. Dispatch of Cashless Economy has achieved an ocean change in Indian Financial Framework. Since digital transactions are simpler and quicker, individuals are

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