IDRBT set up 5G lab for banking sector
CONTEXT:
- The Institute for Development and Research in Banking Technology(IDRBT) has launched a 5G Use Cases Lab for banking and financialsector.
- The 5G technology, along with blockchain, will be progressively adoptedby banks.
- The use of 5G will change a range of technologies and applicationsincluding point of sale machines in the banking sector which were nowusing 2G.