Rural banking

The Indian banks plan to use many innovative solutions to expand their footprint into the rural areas. Smartcard and biometric based authentication, and voice driven transactions, will be used to cater to the largely illiterate rural population. The actual exchange of cash will probably be through mobile ATMs at kiosks, or by a bank official who will make periodic trips into rural areas. Access to banking facilities will make it easier for the poor to build savings and a good credit history to help them tide over domestic financial downturns.