• SWATI YADAV
• DR. BRIJESH KUMAR

The banking industry is continuously changing; new technology is constantly being incorporated into banking systems. New regulations and updated banking standards have been produced as a result of the banking industry's constant change. The most significant change to the banking sector in recent years may have been the move toward digital-only banking. Over the past ten years, the public's purchasing habits and methods of payment have undergone a significant transformation. Today's consumers are fast migrating away from paper-based and cash-based transactions and toward online, mobile, and internet-based ones. In response, banks are offering a wide range of innovative services and amenities that are appropriate. The internet serves as a doorway for the new "cashless economy," which operates electronically. Owners of accounts can manage the majority of their accounts online, eliminating the need to go to a physical location or call customer service. Many financial institutions are dedicated to continuing the development of cutting-edge services, and there are many mobile apps that allow safe and secure transactions. This paper discusses significantly the virtual banking market and includes transactions made with mobile wallets, online payment methods, credit cards, debit cards, etc.

Digital Banking, Cashless Economy, Mobile Wallet, E-Commerce, Vigil aunty, Cyber threat.

"DIGITAL INNOVATIONS IN BANKING SERVICES: INDIA TOWARDS CASHLESS ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 3, page no.g130-g136, March-2023, Available :http://www.jetir.org/papers/JETIR2303621.pdf

"DIGITAL INNOVATIONS IN BANKING SERVICES: INDIA TOWARDS CASHLESS ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 3, page no. ppg130-g136, March-2023, Available at : http://www.jetir.org/papers/JETIR2303621.pdf