Debit, credit cards, ATMs will be redundant in 4 yrs: Niti

The National Institution for Transforming India (NITI) reportedly said that debit and credit cards, as well as ATMs, will be redundant in next three-four years and people will use their mobile phones for financial transactions. Niti Aayog CEO Amitabh Kant said that 72% population is below 32 years of age and it will be an advantage over other regions like the US and Europe in terms of demographic dividend.

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