If tech clairvoyants and futuristic movies are to be believed, paper money is on its way out. In its stead, digital money will become the preferred choice for all financial transactions in the not-too-distant future.
Supporting the digital wave is a host of new digital offerings promising ‘anytime and anywhere’ access to your money and financial information. While many of these are still in nascent stage, banks and other players in this space are investing big to go digital.
With mobile technology evolving rapidly, you can no longer ignore the power of your smartphone that can be used to pay for things or be paid in return.