• Priyal Raj
• Alka Parikh

Demonetization is said to have given a big boost to the digital economy. The idea was to digitize transactions and control the parallel economy. GST was also used to cement the idea. From then on applications like paytm, google pay and suchplayed a part in deciding the annual rotation of the plastic money. The paper shows how digital transactions grew in the economy. But it also shows the contradiction that cash in circulation grew much more rapidly and has hit the highest peaks recently. It is clear that as a proportion, the growth of digital payments has been sluggish. The paper shows, with the help of its survey of the lower strata of the society, that for the majority of the Indian population, cash remains the most important and mostly, the only mode of transaction.

trends in digital payments, cashless economy, poor and digital payments

"Are we moving towards a cashless economy? ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 6, page no.d479-d487, June-2022, Available :http://www.jetir.org/papers/JETIR2206363.pdf

"Are we moving towards a cashless economy? ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 6, page no. ppd479-d487, June-2022, Available at : http://www.jetir.org/papers/JETIR2206363.pdf