Digitalalization is the adoption of various existing and developing technologies by organizations in consonance with the changes in internal operations as well as external relationship to provide better customer services and experiences efficiently and effectively. Projects such as Make in India and Digital India are now the buzzwords to a better and sustainable industrial and financial growth of our nation. Government is encouraging technology adoption/upgradation while providing connectivity with high speed bandwidth to bring together every nook and corner of the country. This has opened up the vast untapped market in India for digital connectivity. Digital payment services by banks like Unified Payments Infrastructure (UPI), Bharat Interface for Money (BHIM), mobile money, e-wallets have created a revolution of sorts in the Indian financial market. Adaptation and implementation of highly capital intensive global technologies, infrastructure and processes are vital in order to remain ahead of the curve. Transition in financial transactions such as data integrity, authentication (including third party authentication) and trust factors are gaining importance as a measure of customer safeguarding. Enhanced customer satisfaction and value through unified customer experiences, faster output, infinite banking volumes, financial inclusion, operational efficiencies, scale of economy etc. are being sought after, by leveraging digital technologies. Digitalization has improved the efficiency and customer experience in several fields including the financial transaction areas. The present paper will try to explore the impact of digitalization on financial transactions in India.