Moving Towards Cashless Society – Literature Review
In the era of technology, cashless modes of payment are getting high popularity, mainly among youth population living in urban areas. Still, the adoption of non-cash payment system is very low in disadvantaged group of the society. This paper is an attempt to get better understanding of various benefits and challenges associated with cashless payments, impact of various demographic factors on adoption of cashless payments and level of adoption of cashless modes for making and receiving payments at small trading counters. The various findings of this literature review will certainly help the policy makers and service providers in strengthening the cashless framework of the society and will provide a roadmap of further studies to the researchers.