Ms. Sarika Thakur,Prof. Dr. S.J. Jadhav

ABSTRACT

India is an ardent effort to move towards a cashless transaction economy by minimizing the use of physical cash. The leading advantage of building a cashless economy is elimination of black money. Digitalization of transactions is the best way to move towards cashless economy. Such a cashless economy is realizable by promoting electronic money instruments, developing financial infrastructure and spreading digital transaction habit among people. The recent move of demonetization has rattled the dusty cages of cash based economy and forced the people to rethink the medium of transactions and trade. The demonetization drive was initially termed as a tool to tackle the problem of black money and fake currency, but since then, the narrative has clearly shifted base. Paper is focused on identifying the different types of cashless mode and various opportunities available in the market. Keywords - Cashless Economy, Digitalization, Demonetization.