The time to say Good Bye to credit/debit cards soon?
Posted on: 13/Nov/2017 11:35:30 AM
The banks are earnestly planning to introduce all the facility to conduct all the financial transactions of the customers through the cell phones and thus pave the way to do away with the use of debit/credit cards.
The CEO of Niti Aayog, Amitabhkanth explained regarding this that the plans are afoot to facilitate all the financial transactions through the mobile phones. As 72% of the Indian population belong to the age group of under 32 years, they are able to absorb and practice the latest technologies quite easily and quickly.
In view of this, the banks are planning to reduce the making of credit/debit cards in a gradual manner over the next 4 years. As all the bank savings accounts are to be linked to the mobile phones, this will facilitate all transactions to be carried out through the mobile phones.
