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
Nick De VoilDirector at De Voil Consulting
Aravind MadalaDirector at Cognizant
Jackie BarwellDirector at ACI Worldwide
Kiran ReddyDirector at Virtusa
Sreenivasa SunkuDirector at EY
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.