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Abstract
After declaration of demonization it creates various problems across India. This decision was taken to reduce corruption and discourage tax evasion and other practices. After, practically implication of this policy, it reflects in chaos and long queuing in outside banks. This condition remains around two months. Demonetization creates problems for general public and it is also right time to think about it.
Digital and cashless economy. It is a right time to shift from traditional banking to digital banking or cashless economy. Banking industry provide various types of services in the form of –cheques, demand drafts, mobile banking, net banking, national electronic funds transfer (NEFT), real time gross settlement (RTGS) and other immediate payment services. But most of these services are difficult to use for the common man. Most of the people need services which is not complicated to use. The solution for this take place in the form of e-wallet.