India is gradually switching to digital modes of financial transactions. It is now reaching the grassroots. You can call it New-Age Solutions.
After demonetisation of currency notes of Rs. 1000, and Rs. 500, people are switching over to digital methods, and the transactions are reaching grassroots. Soon India will become cashless society as per P.M. Modi`s dream. India welcomes digital economy and cashless transactions! India has entered into a new zone where more and more people are considering the benefits of mobile apps and tablets; creating paperless banks; adopting digitalisation of processes and products. The technology is increasingly penetrating the bottom of the demographic pyramid and that promises a cashless future.
There are may advantages of the change from cash to digital transaction. 1. It can help banks to improve their services and product offerings. 2. Provide 24/7 bank services and availability through mobile, PC, or kiosk branch. 3. Smart banking applications allows all transactions to be completed from the device of one's choice, from beginning to end.
The fact that more and more Indians are today relying on artificial intelligence of digital banking and moving to cashless transactions. The message is reaching to the bottom of the demographic pyramid. Sunder Thadani. 20161129.
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