Published Paper Details:

Money is often said to as the lifeblood of any economy. Cash transactions are now easier because to the internet, cell phones, and other digital technology.The majority of activities in the current environment are cashless, and physical currency will lose its dominance in the future.Different platforms have been developed to conduct transactions without cash. Despite the expansion of digital payments, security worries have also grown.Digital payments will undoubtedly experience security problems, which could impede their expansion. As a result, this study aids in determining how consumers perceive cashless transactions, the factors that influence them, as well as how knowledgeable they are about information security.According to the research, mobile wallets and credit/debit cards are the two most popular payment methods among consumers.Consumers were influenced to use cashless transactions by ease, privacy, and security, and it was discovered that they are sufficiently aware of the protection of their information.So, it may require time for digital payments to become a popular method of payment, but this could have positive effects on the economy soon.