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Digital transaction is any financial transaction done through electronic devices such as laptop, computer or smart phone via internet is called digital transaction. Conventional banking system facilitates bank customers only by way of physical access to bank. Handling of physical currency is involving risk of theft, damage, exchange etc. To avoid handling risk in physical currency the alternative mode of transactions which is popularly known as digital transaction plays an important role. Digital transactions were considered as universal accepted mode of money transactions, all merchants in physical and online stores were accepted digital mode of transactions. There are unexpected hurdles ahead to the banker during the initial stage. After the hardest effort put by the Central Government and Reserve bank of India, even a remote village population have got enough awareness about the electronic payment systems. The present study is focusing to analyse the issues and challenge in practicing digital transaction, so the study entitles as "A Factor Analysis on Issues and Challenges in Practicing of Digital Transaction with Reference to Madurai District". There are four factors which are found as issues and challenges in practicing digital transactions. The factors are problem related to operation of digital transaction, problem related to security, problem related to skill required and problem related to information threat. [ABSTRACT FROM AUTHOR]