With the increase in transactions being performed using smart phones, in 5 years time India could be 50% cashless. In 10 years time it could be 95% cashless. TSI at the moment is primarily an ATM business and doing other things such as bill payment kiosks which would probably see demand drop off from smart phone payments. Recent announcements have not made any mention of smart phone products/services. What evidence is there that the company will capitalize on smart phone payments in any way?
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