Traditional banking is here to stay but there are disruptive innovations which are changing the landscape in some ways.
Payment gateways and digital banking are becoming popular with the advent of smart phones and apps.
It is interesting to note how these new payment mechanisms and applications will change the way banking is done in the future.
Warren Buffet said that this technology can change the way things function over time and is like simmering water in which a frog feels he is safe, but when the water hits boiling point, its too late for the frog’s rescue.
Time will tell how the digibanking and payment mechanisms change banking for ever!