This paper studied the viewpoints of people on cashless transaction and economy in India. The study conclude that cashless economy will definitely support in control black money, reproduction of  fake currency, aggressive against terrorism, diminishing cash related theft, helps in cultivating economic growth of India. Major responsibilities that can hunk the use of the policy are cyber cheating, High education ratio, approach of people, lack of clearness & competence in online payment system. The study shows that the beginning of cashless transaction in India can be understood as a step in proper direction. It helps in growth and progress of economy in India. It also seems that many people actually accept with the government on the benefits of cashless transaction as it will definitely help to fight against terrorism, corruption in cash transaction, money convert in white from black money but one major problem in online transaction is fraud in digital transaction and cyber-crime. Therefore it’s important to reinforce Internet Security from protection against online deceit. Large number of population is still under literacy rate living in rural areas. For smooth application of cash less system in India, the following measures are recommended Government have to fetch clearness and competence in e payment system, programme and planning used by government and RBI to promote cashless economy by providing license to various payment banks like Paytm and Google pay, promoting mobile wallets by giving cash back as well as discount and removing charge on cards payments and digital payments. A movement should be led by government time to time to make population aware of benefits of electronic payments.

KEYWORDS: Cashless Economy, Corruption, Black Money, India, Digital Payments.