Dr.R. V. Tehra*

ABSTRACT

Cashless transactions can be defined as ‘designating or of financial transactions handled as by means of credit cards, bank transfers, and checks, with no bills or coins handed from person to person’. A cashless economy is an economic state in which all the financial transactions are not conducted with money or the physical notes, but rather in the form of the transfer of digital information (usually an electronic representation of money) between the two or more transacting parties. Current paper focuses on Opportunities & Challenges in cashless transactions.