It’s time to go cashless, is America ready for it? In the present world, most of the transactions are done using cards or by the digital means. The modern society is accepting this factor and the circulation of physical currency is going minimal. It the duty of governments, banks and businesses to push our community from cash to cashless. In some countries, effective policies have brought a great change. Advantages of Cashless Economy: The biggest advantage is that all the black money will be bridled. It will reduce the real estate prices because of the resistance on black money as most of the black money are invested in Real Estate prices which augment the prices of Real estate markets. In the year 2015, Reserve Bank of India spent about twenty-seven billion on the activity of currency issuance, which could be avoided if our society is cashless one. There will be greater Team Tweaks efficiency in welfare programs as money integrated directly into a number of recipients. The payments can be easily tracked, collected and hence the corruption will be automatically will be pinched off. In a cashless economy, there will be no problem of fake rupees. There will be no delays or queues, the customers will be fully satisfied and there is no requirement of interactions with the bank staff. In the cashless economy- where India stands: The Indian people use too much cash for transactions more than card system. India stands at the highest position in the world nearly thirteen percent (according to the year 2014) for using the cash payment system, whereas in China it is about nine percent, and for Brazil, it is only Casperon four percent. On the other side of the coin, less than five percent only debit cards and credit cards are used. India had nearly eighty billion currency notes in circulation in the year 2013 compared with nearly thirty- five billion in the US. A report survey says that cash dominates even in malls, which are visited by the folks who are likely to have credit cards. Hence, in our sovereign nation cash dominates on other markets as well. According to the present scenario, India’s Prime Minister Modi has taken a step over ‘Demonetization’, which resulted in a scenario of cashless lifestyle. Because of the lack of cash, people are using internet banking in a more efficient manner. Cashless Countries: Sweden: The Cash transactions are pushed down to just three percent of the national economy. The number of bank robberies is reduced to a greater extent, not because of the reason the security has vastly improved, but the Swedish banks are not using the cash payment technology. The public and private transportation buses also don’t accept cash. If a person wants to donate money to the churches, there is a card reader for that. Sweden is probably the closest developed country to achieving a cashless society. Within the Scandinavian region, Norway is also giving its best of ability to achieve the state of cashless technology, with approximately eleven percent of the population not carrying cash at all for all the domestic purposes. Norway: It is said to be that Norway is already leading in the pro- electronic banking system. The citizens of this country can buy street food and newspapers through the mobile banking. The DNB bank has already stopped the cash payment service. It proposed a system where all the black money will be curbed. Most of the banks don’t even give cash to the customers. Somaliland: Somaliland is one of the Africa’s poorest countries; it has an electronic banking system, which treats its citizens in an efficient and convenient manner. In this place, the cash is disappearing and there is no need for any credit card or debit card because even the street merchants accept payments by mobile phones. A survey was taken in the year 2012 which exclaims that the customer made thirty-four transactions per month on their mobile phones which are higher than almost anywhere in the world. Kenya: Kenya is said to be the biggest African user of mobile money, where there are about fifteen million subscribers to M-Pesa. It is a method to send money home from cities to families in rural areas. This system is widely used for many things especially for receiving salaries, to pay bills and school fees and hence making the cash technology an antiquated one. Canada: From the beginning of the year 2013, the Canadian currency is not being printed. The major reason is that there has been a decrease in demand for new bills and the plastic bills have longer file expectancy. The other reason is that Canada government is towards a great move for the implementation of cashless technology. A recent survey was taken by the PayPal Canada, in which fifty-six percent of the Canadians prefer digital technology rather than the cash. The payment by credit, debit and bank cards is almost seventy percent compared to a world average of forty percent. South Korea: The Korean government has successfully launched its cashless technology where the other Asian countries can learn from it. South Korea introduced a new system (Value Added Tax) for the customers who pay with cards, moving the share of cash from forty percent to twenty-five percent within four years (from 2002 to 2006). This country was proclaimed as the leading Asian nation in the Economist Intelligence Unit’s E-Payments Adoption Ranking. Denmark: About one-third of the population in Denmark use Smartphone app for the money transactions. Businesses such as clothing retailers, restaurants and petrol pumps etc refuse cash payments from the customers. But, this service is not applicable to the services like hospitals, post offices etc. Belgium: An average of about ninety-three percent of the population claims for cashless transactions, with eighty-six percent owing to a debit card. On the other side of flip, the Belgian government has imposed a limit of three thousand Euros on cash payments in the country; hence there will be a compulsion of the digital transaction. Mobile apps are also used for transactions, which is supported by Belgian Banks. Cashless technology is not accepted in the US- Why? A cashless society is not great news for everyone. Digital transactions in the elderly and marginalized groups have limited access. The Americans gave life to many services like Apple Pay, Google Wallet, and Venmo-services which are more convenient, sanitary and cost-effective one. The citizens of US fear a lot because of the online privacy and security problems. A recent survey reports that about seventy-one percent of people said that they are worried about online privacy when they are doing online banking. It was the most common fear in the survey. Online shopping takes a percentage of fifty-seven percent, which is ranked in the second position. The major factor for the refusal of cashless technology is that the mobile-payment technology will be misused. Conclusion: But however, cash is slowly disappearing from US circulation. One of the clearest sign is that Americans are using less cash by the means of mobile payments. Venmo, One of the fastest-growing apps after PayPal, has jumped from eight billion dollars to about twenty billion dollars recently. About fifty-six percent of the adults exclaim that cashless technology is the best one.