NITI Aayog CEO Amitabh Kant on Monday said the days of physical banks were ending, and that banks unable to make a transition to data analytics and digital banking would die by 2020. “You will see a huge transformation towards digital payments by 2020. My view is that 2020 will[Read More…]
Tag: Digital Banking
From buying milk to biscuits, this village goes ‘digital’ amid notes chaos
When the whole nation is witnessing serpentine queues outside bank ATMs to exchange defunct currency notes, Manilal Prajapati, 45, is without a care in the world, as reported in the Hindustan Times. A cable operator in the village of Akodara, some 90kms from Ahmedabad, Prajapati on Friday bought wheat flour[Read More…]