In a cashless economy, the reliance on physical currency is significantly reduced, and electronic transactions are the primary mode of payment. The cashless economy is a transformative approach that offers several advantages, including cost-effectiveness, facilitation of growth, enhanced business friendliness, and increased financial inclusion. To propel this movement, governments have been actively promoting digital payment platforms such as the BHIM app, AEPS, and Digishala. However, the successful transition to a cashless economy hinges on the establishment of a robust digital infrastructure. Despite its many benefits, the transition to a cashless economy poses certain challenges that demand attention. such as changing attitudes, bolstering transaction security, and improving infrastructure. With proactive measures, governments, businesses, and individuals can collectively propel the nation toward a more efficient, inclusive, and digitally empowered economic future. This paper aims to comprehensively explore the implications of a cashless economy by focusing on consumer’s perception of cashless transactions. Further analysis will be done on secondary data.

KEYWORDS: Cashless Economy, Digital Economy, Digital Payments, Digital Transaction Cashless Transactions, Mobile Wallets.