A Study on Effective use of Mobile Applications for formation of Cashless and Less Cash Society

8th November 2016 is a landmark in the economic history of India. This is the day on which demonetization of Rs 500 and Rs 1000 currency notes by Honble Prime Minister of India Narendra Modi were announced. The government, at present, making its best efforts for transforming India to a CASH-LESS or LESS CASH economy to achieve its ultimate objectives of demonetization for Tackling black money, terrorism, cutting cost, digital economy, bringing transparency etc. Technology is greatly helping in shaping the policy for cashless or less cash society.