swnjo
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The merchant only needs a phone? A mobile phone that they can easily hack. There is no way India will allow that kind of power in the hands of a single person. India must create a device that they can monitor, just like the current credit card system.
Mobile doesn't mean smart. Which means it's no different than a pots phone. With smart phone, it's 17% in 2015. Even assuming 50% increase, it's still not 300 million.
http://www.pewresearch.org/fact-tan...ndia-in-internet-access-smartphone-ownership/
As to 270 million new bank accounts, did you forget you are a nation of 1.3 billion, not 280 million.
Yes, but nobody called building roads the "largest tech breakthrough in living memory."
Who doesn't have a phone, but knows how to use this system. Also China has this, it's been hailed as the next worst human rights abuse. So prepare for that.
When you said start over, I took it as you need to enter all new information again. Otherwise the merchant can have a broken machine. That too takes time.
Why can't I compare, because you have more KM? They reach everyone. That is the milestone, also Tokyo has 1Gb connectivity, but only Tokyo. Canada tried it, only 250 Mb, failed and now it doesn't exist anymore.
The average speed in India and China is also abysmal. Too many people for 100 million to make a dent.
The problem is never no fiber, it's always, cost.
As to the 1500, no, but only because most 1500 countries are in civil war or some sort of war. Though that's not really an endorsement, China has 8000, but most high speed rail. Still a stupidly low per capita, only able to do it with 1.4 billion people.
I'm referring to how wide spread it is. I have VoLTE, but I also have my own pbx server at home. Honestly I'm not too familiar with Chinese telecom market.
It's not a difficult technology, just hard to update everything. The benefit is there, but not enough, still cool to me though.
Again, you have 1.3 billion people. That's not a huge penetration.
Don't hold your breath, China just got 100% electricity coverage, I want to say 1-2 years ago and that last bit cost 300+ million to reach just 34,000 people. Every home is a stretch. It'll be another decade before India is even somewhat close to that. If not more.
Also what you described is what every nation does, just not with fingerprints. It's a card. Or more specifically a number.
"As to 270 million new bank accounts, did you forget you are a nation of 1.3 billion, not 280 million."
Sorry for butting in , just want to make a little correction, 270 NEW ACCOUNTS ON TOP OF EXSISTING ACCOUNTS.These 270 million are citizens who were never part of the banking system (directly). So the overall number of citizens with acess to banking system will be slightly higher than your quoted number of 280 million.