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Wired News: Thumb-Print Banking Takes India

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Wired News: Thumb-Print Banking Takes India
Topic: Economics 3:12 am EST, Jan 22, 2007

Banks and ATM machines are an unfamiliar sight in the rural countryside here, but the government hopes to change that with new technology that could ease the transition from cash to computers.

A pilot program will put 15 biometric ATMs at village kiosks in five districts across southern India. The machines are expected to serve about 100,000 workers who will use fingerprint scanners, rather than ATM cards and PINs, to obtain their funds.

I've read several things over time that have gotten me fairly excited about the idea of micro-lending in poor communities. It will be interesting to see how this plays out.

Wired News: Thumb-Print Banking Takes India



 
 
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