Cards, ATMs to be redundant in India by 2020: NITI Aayog CEO
Amid the Centre's impetus on digital transactions, NITI Aayog CEO Amitabh Kant on Saturday said cards, ATMs and Point of Sale machines will become irrelevant in India by 2020. "Every Indian will be doing his transaction...by using his thumb in thirty seconds," he added. Kant further said the rural population's ability to adopt technology is faster than urban people.