Aditya Dev Sood (for Info only, not official)

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Aditya Dev Sood

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    ...Pay through your phone. It had seemed so weird to me then. I didn’t even get any ticket or paper receipt as evidence that my ride had actually been paid for. Later that week I noticed young people setting out for the day with no cash in their pocket at all, just their phone. This future will now be ours, apparently, according to statements emerging from the finance ministry, the Reserve Bank of India (RBI) and the former chairman of the Unique Identification Authority of India, Nandan Nilekani. Moreover, the way that we’re going to get there is to first get used to not having any money in our pockets at all. People need to get used to this idea. For thousands of years we’ve been using gold, silver and copper coins. Before that black pearls, shiny seashells or cowries, anything small, rare and durable to be a locus of value and a token of exchange. ...

    Live Mint on Dec. 5, 2016, 3:27 p.m.