Demonetisation brought about transformational changes in the way India deals with money. It was pivotal in steering a permanent increase in using digital payments that, in turn, has made India a less cash-based economy. The digital payments market is far more robust today than it was five years ago – an effect that was seen even during and post the pandemic. During the pandemic, the government offered direct assistance to the financially disadvantaged, and its advocacy of digital payments led to the advent of alternative payment options in the fintech space.