A Scenario of Digitalization and Cashless after Demonetization in India (2016): a systematic literature review

Abstract

The Prime Minister of India launched digital India on 1 July 2015 which motto was “POWER TO EMPOWER” and also demonetized of INR 500 and INR 1000 on 8 November, 2016. The main reason behind the demonetization was against the ills of corruption. But both the decision somehow gave some shed of cashless economy. It is very significant to focus on how the economy will effect after the decision of demonetization. This concept was defined and discussed by many researchers about its strength, weakness, opportunities, threats, benefits etc…This paper highlights the key points and provide a systematic literature review about the digitalization & cashless economy and scope of the future research regarding the cashless and E- transaction.