Ketharaman, I hear what you say but mobile based authorisation of server based funds transfer has been around for at least 10 years. Yet cash is still around.
I do not understand how PayTM or BHIM will cater for (a) those that do not want an account (server based account is the same whether it is PayTM or a bank), (b) Children who do not have a phone and (c) places where a rapid transaction is required such as on a bus (300mS)? This is where cash still wins.
24 Jan 2017 18:43 Read comment
David CartwrightDirector at Cartwright Advisory Pty Ltd
Ilkka RistimakiDirector at Baringa Partners
Carl RogersDirector at Finceler8
Ed CanadayDirector at AlixPartners
Anu WidyaDirector at EY
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