Debit, credit cards, ATMs will be redundant in 4 years: Amitabh Kant
Addressing the students at Amity University in Noida, Amitabh Kant, CEO of Niti Ayog, said that India is a country where most of the population is young and billion biometric data is available. In India, mobile transactions have increased, which have the potential to further increase in future and this will reduce or shut down the utility of credit card, debit card and ATM in the next 3 to 4 years in India.