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If you thought India's decision to ban 86% of its cash was ambitious, wait until you hear what it may do next.
如果你认为印度禁止全国86%现金流通的决定是野心勃勃的,请听完他们下一步的计划再做评价。
The head of a government-run policy institute said on Thursday that the country could completely eliminate the need for credit cards, debit1 cards and ATMs in the next three years by switching to biometric payments.
Amitabh Kant said that even electronic payment methods may be "totally redundant2" by 2020. Instead, all Indians will need for transactions is their thumb or eye.
"Each one of us in India will be a walking ATM," Kant said at the World Economic Forum3 in Davos. That would represent "the biggest technological4 leapfrogging ever in the history of mankind," he added.
Arundhati Bhattacharya, head of the State Bank of India, agreed that such a dramatic shift was possible.
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