[vinay_ys]

Super affordable smartphones and cheap and fast 4G data, great apps like GPay and PhonePe with lots of gamification and cashbacks and ubiquitous merchant acceptance through apps like PayTM, PhonePe and GPay were key drivers for this.

Then, demonetization and covid were accelerants to achieve critical mass. Post 2022, its been unstoppable.

[uwagar]

one conspiratorily wonders if its a government ploy to turn everyone cashless so that they can be debanked at will.

[Aerbil313]

Cash is a less than optimally efficient part of the current economic systems, not unlike credit cards are The logical conclusion of technological development in this area would be something like a micro hardware security key storing blockchain wallet keys implanted inside your hand, activated by your thoughts or a certain movement or something, at least as far as I guess.