The number of people owning a smart phone has skyrocketed in the last few years. All thanks to the affordability of smart phones and the many benefits of carrying one, smartphones have found their way to the hands of many consumers.
Studies expect that the total number of people using smartphones in India will reach 442 million by 2022. In such a scenario, digital will lead the growth in the banking industry. With a smart phone in everyone’s hands, few basic bank services have been rendered useless and digital alternatives have taken over.
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