• Dr.V.Chandrakala

Cash may no longer be king. Cashless economy is an economic system in which there is little or very low cash flow in a society and goods and services are bought and paid through electronic media. It includes e-banking (mobile banking or banking through computers), debit and credit cards, card-swipe or point of sale machines and digital wallets. Digital transaction or cashless transaction brings in better transparency, scalability and accountability. This paper focus on concept of cashless economy, pros & cons and to know the modes of cashless transactions. The digital India is a leading programme of the government of India with a vision to convert India into a digitally authorized society and knowledge economy. “Faceless, Paperless, Cashless” is one of the declared rule of digital India. Cashless economies, as the name suggests, are those that run frequently on plastic or digital money.

Cashless economy, e-banking, card swipe, digital money, plastic money, transparency and digital transaction

"A STUDY ON CASHLESS ECONOMY IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 1, page no.110-118, January-2019, Available :http://www.jetir.org/papers/JETIRT006018.pdf

"A STUDY ON CASHLESS ECONOMY IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 1, page no. pp110-118, January-2019, Available at : http://www.jetir.org/papers/JETIRT006018.pdf