Abstract
In Indian economy, the cashless transaction is not a new phenomenon. However, the pandemic gave a sizeable push in the endeavour to marginalise cash transactions. The objective of this article is to discover the actual impact of Covid-19 on the preferences of people while making transactions. For primary data collection, Google questionnaire was sent all over India to all age-groups. Respondents are from all types of socio-economic status. Graphical and tabulation approach was used as a data tool. In this research article, a comparative study has been done for analysis. It has been observed that when the cases of Covid-19 were on the rise in India, the digital mode of payment became a lifesaver as it not only eliminated the risk of social contact but also provided safety from leakage in the economy with better security as well as an easy and convenient way of transferring money.
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