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'Mobile wallets, biometric modes of payments to replace cards'

'Mobile wallets, biometric modes of payments to replace cards'

Friday, March 31, 2017, 11:32 PM

Mobile wallets and bio-metric modes of payments will replace debit and credit cards in the next-three-four-years, Niti Aayog CEO Amitabh Kant said. Physical banking in India is almost dead and it is adopting pervasive technologies with such an accelerated pace that in next three to four years, the digital transactions would move through mobile wallet and bio-metric modes completely replacing debit and credit cards.
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