An attempt has been made to study the introduction of Demonetisation and the changes taken place in cashless economy. Demonetization is the act of stripping a currency unit of its status as legal tender. It is an attempt to lower the cash circulation and increase the digital payment in India....

The cashless economy should be achieved in the phased manner and step by step process instead of forcing it on people overnight without expanding/providing banking infrastructure to every nook and corner of the country, internet connectivity with high speed at cheap rate and unbroken power...

Cashless Economy refers to a financial system where all or most of the money transactions are undertaken using digital media and network. One of the major goals of the Government of India behind the decision of demonetisation was to encourage digital transactions and transform India in a...