If you thought India’s decision to ban 86% of its cash was ambitious, wait until you hear what it may do next. The head of a government-run policy institute said on Thursday that the country could completely eliminate the need for credit cards, debit cards and ATMs in the next three years by switching to biometric payments. “Each one of us in India will be a walking ATM,” Amitabh Kant said at the World Economic Forum in Davos. That would represent “the biggest technological leapfrogging ever in the history of mankind,” he added.
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