Bimetallic nanocomposites have evolved into a significant smart material in the recent past. Owing to the growing interest, we herein report the biosynthesis of bimetallic silver doped copper (Cu-Ag) nanocomposites using green methods by utilizing aqueous extract of Carica papaya leaves. The optical property and the surface morphology of the nanoparticles were determined by using various analytical techniques like Fourier Transform Infrared Spectroscopy (FTIR), Scanning Electron Microscopy (SEM), Energy Dispersive X-ray Analysis (EDAX) and Transmission Electron Microscopy (TEM). The redox behaviour of the bimetallic nanocomposites was studied using Cyclic Voltammetry (CV) with platinum electrode in 0.1M KCl solution at different scan rates and concentrations. The FTIR revealed the presence of active components of the leaf extract which played the roles of surfactants, stabilizing, capping, and reducing agents. Similarly, SEM with EDAX exhibited the presence of spherically agglomerated Cu-Ag nanocomposites and TEM images revealed a particle size of 20 nm. The gradual increase in peak current was observed in CV with increase in the scan rates and concentrations apparently. The bimetallic nanocomposites showed potential anti-bacterial, anti-cancerous activity and the reports are provided in detail.