Three years ago I blogged "Is Financial Inclusion Imminent in India?" I have just returned from India after observing the progress India has made towards financial inclusion. Yes, there has been progress, but much remains to be done.
Cash is an anachronism -- and it may be on its way out. No one knows if physical money is in its twilight or just very late in the afternoon. It's getting there, though. Much of this is because of technology.