India continues to be driven by the use of cash.A plan to encourage electronic payments and to enable India to move towards a cashless society or economy in the medium and long term.The shift from any conventional method to modern method in the society takes time but when the move is for welfare and enhancement of the public and government there won’t be much hesitation for the change the idea of making India a cashless society, with the aim of curbing the flow of black money. This paper focuses the challenges and the possible outcome of the paradigm shift in payment mode from conventional to digital. © Serials Publications Pvt. Ltd.