India is, gradually, moving towards cashless economy and this was further fuelled by the recent demonetization, taking place in our country in 2016. There are lots of advantages of digital payments like safety, ease, convenience, tracking expenditure, getting discounts in various transactions etc. Our government is also encouraging people, getting used to making digital payments. Digital payment is hassle free as it does not involve any physical cash transactions. As we see the gradual evolution of payment disbursements, shifts have taken place from barter systems to cash transactions to card payments and then to cashless payments. In developed countries, we see greater usage of digital payments. Within the country, people in urban areas use more digital transactions, compared to rural areas. This may be due to low internet penetration in the rural areas and technology fear. But it is a fact that more and more people in our country are becoming aware of advantages of making digital payments, though digital payments have some disadvantages too. Our present paper reflects an outcome of present research survey, conducted on the awareness of the benefits of using digital payments, among the students’ community. The research was undertaken among the students of Kolkata and nearby districts. The students are the future citizens of our country, and the results of the present survey may highlight a future trend of digital payments usage, in our country.

Digital payments, barter system, cashless economy, technology fear, cashless payments.