A world without cheques, fewer ATMs and a regulatory push to lower electronic transaction fees as fewer people use cash are some of the likely impacts of Covid-19 on payments, the Reserve Bank has said.
Near cashless society for working class in China is already seeing ATM shrinkage at banks and designated hotspots where ATM machines once stood. Convenient and keeps social distance in check. Elon Musk foresaw the future of banking when he masterminded x dot com two decades ago.
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