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India's Audacious Plan to Bring Digital Banking to 1.2 Billion People

A biometrics-backed ID system will make it easier for everyone—from rural villagers to urban dwellers—to ditch cash.
India Rupee Banknotes As Growth Spurs Rating Optimism

India is trying to yank its cash-based economy into the 21st century.

But how do you get 1.2 billion people, many of whom have never seen a bank or opened an account, to send digital payments to each other?