Government creativities to motivation tag dealings and cashless expenditure posted well expansion over the last few years consequent to the government’s demonetisation scheme in November 2016. Although the magnification in mobile payments, card transactions continue the vastest carter of cashless payment transactions. In this article, an attempt has been made to study about cashless transactions with cashless economy and declines in cash payments suitable to the improvement of digital transactions in India post demonetisation. Major challenges that can delay the implementation of the policy are cyber fraud, High illiteracy rate, boldness of people, lack of clarity & capability in digital payment system. The study shows that the introduction of cashless economy in India can be seen as a step in exact path. It helps in enlargement and progress of economy in India.

KEYWORDS:  Cashless Economy, Digital Payments, Internet & Networks, Black Money.