One of the big challenges facing India's banking system is financial inclusion. The government and financial institutions are looking for solutions to the challenge of extending basic services to people who are currently outside the banking system, many of whom live in remote locations.
We are not only rethinking and reimagining how people shop, bank, dine, and travel, we have an incredible potential to address a very real societal problem: the growing number of unbanked and underbanked individuals.
Financial inclusion has become an important topic as new technology makes it possible for more people to progress. In India, just 35 percent of adults have access to formal bank accounts. ATMS could be a key to helping improve access.