Banks need to adopt digitisation or else they will perish: Ex-finance Secretary SC Garg

He said once the limit of digital wallets increases and if the currency gets digitalised with a much more direct relationship between the currency issuer the Reserve Bank of India (RBI) and the people, the banks will formally get squeezed out of the payments space.

from Banking/Finance-Industry-Economic Times https://ift.tt/3vstd9Z