The Revolution towards a Cashless Society More than 3,000 years ago, the first recognizable coins were produced in the people’s republic of China and are still maintained as the primary means of economic exchange in the present day. However, today, the interplay between telecommunications, banking, and retail has translated led to the movement towards more digital forms of payment. Although cash is still used to pay for goods and services in most places, there is a radical shift in the number of people paying for goods and services using digital means. This research paper is based on the research questions: will a cashless society derive more economic gains to the world? and will a cashless society magnify the economic inequalities