Indian economy: a shift from cash to cashless

India is the land of Lilliput where the market is composed of lots of small consumers and small suppliers. The economy, though large, is made up of numerous consumers spending in small amounts along with a relatively smaller population with larger expenditures. Cash is seen to be a means of control and discipline over spending. It is more convenient and it is often a better weapon to bargain with. It is often observed that even among those who regularly engage with the formal financial system, use of cash as a medium of exchange dominates over the use of alternative forms of exchange such as plastic money and internet banking. After demonetization there has been a shift in the mode of payment of people from cash to cashless. This paper points out the various objectives of being cashless and studies the different methods of cashless payments. It also highlights the awareness of cashless modes of payments among consumers.