Cashless transactions have various benefits attached with them like reduction in black money, increase in span of income tax, reduced crime rates.At the same time, concerns are being raised about the security and service of these applications. There are various countries which have more than 50% of their transactions through cashless means. . Due to demonetization act, already existing mobile payment applications are brought into limelight like Paytm, Mobikwik, Freecharge etc