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Sudhish Nair

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RBI bids to boost Indian m-banking take-up

Better late then never. It is still a step in the right direction when the mantra is all about financial inclusion but still the execution of the ambitious step will largely depend on how the Mobile Service Providers will team up with bank to provide the services.The emergence of concept of White Label Atm's is still to take off in India and the combination of these two would serve the right approach for financial inclusion.we can hope this new initiative does not go in the direction of "Banking consolidation" which we have been saying for a long time.

18 Feb 2014 07:39 Read comment

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