at least 80% users must be digitally-literate. At least 80 % of users must be digitally - literate to effectively implement a cashless economy , according to cyber law expert Adv Mahendra Limaye . He also argues that digital illiteracy has lent itself to exponential growth in cyber - crime activities . It is suggested that regulation and police enforcement should be more stringent and better digitally equipped with traditional geographical lines of control reworked , and that a proper system needs to be in place , with gradual initiation of transactions into a new mode of financial transactions .
At least 80 % of users must be digitally - literate to effectively implement a cashless economy , according to cyber law expert Adv Mahendra Limaye . He also argues that digital illiteracy has lent itself to exponential growth in cyber - crime activities . It is suggested that regulation and police enforcement should be more stringent and better digitally equipped with traditional geographical lines of control reworked , and that a proper system needs to be in place , with gradual initiation of transactions into a new mode of financial transactions .