The world’s economy has grown and prospered in the age of electronic money. Digital component is increasing in our lives. Historically, the Internet has spread at a phenomenon pace than earlier generations of communications technology: from 1990 through 2000, the estimated number of Internet users grew manifold, impacting how people interact with one another, learn, do business, acquire information, and interact culturally. By and large, ICT can have an equal and standardize effect, giving underdeveloped nations and deprived much-needed access to information, domestic markets, and other resources that would have been unreachable else. The process digitisation of our private and working lives cannot be suspended. The progress in interconnection is paving the way for a new element of globalisation: the globalisation of ideas, perspectives, possibilities, and so on.It is frequently said that IT is transforming the whole commerce and trade across the verticals and universe. The advent of digital technologies allows and facilitates, a new paradigm in business and hence, naturally comprise a business transformation perspective besides other things. Digital technologies entitle and empower new framework, cause (dis-)arbitrate and customer engagement turns progressively important for many service providers. Moreover, the engagement between user and technology changes and information is increasingly digitized.The digital economy is the latest manifesto to convert and reshape India into a digitally entitled society and knowledge economy by using the strength of digital tools, hardware and mechanism. Digitisation automates the product and process as a result of which both quality and production increases. Digitisation mechanizes both product and process through which standard and productivity increases.This digitization has contributed to advances like online banking, ATMs, and credit cards. Information and Communication Technology can have a levelling effect. Regulatory differences across the Nations have persisted, are a major factor that needs to be taken into cognizance. Microfinance institutions and new age Fintech companies in India are working on technology advancement which has benefitted poor and underprivileged by providing access to capital.Administrators have a crucial role to play in establishing that their nations and countrymen are forwarding toward state-of-the-art stages of digitization. Lastly, policymakers must shift away from stereotype approach and quickly channelize programs and policies that focus on the extensive acceptance and usage of technology
