At least 80% of users must be digitally-literate to effectively implement a cashless economy, according to cyber law expert Adv Mahendra Limaye. He also highlights that digital illiteracy has lent itself to exponential growth in cyber-crime activities. at least 80% users must be digitally-literate. The government is working on the implementation of an e-KYC system for all transactions and will soon launch a mobile app with biometric authentication.
At least 80% of users must be digitally-literate to effectively implement a cashless economy, according to cyber law expert Adv Mahendra Limaye. He also highlights that digital illiteracy has lent itself to exponential growth in cyber-crime activities. The government is working on the implementation of an e-KYC system for all transactions and will soon launch a mobile app with biometric authentication.