India lags developing countries in opening bank accounts

.....NPCI Managing Director and Chief Executive Officer A.P. Hota said it is wrong for the World Bank report to compare the African success with India. “In countries like Kenya, South Africa and Zambia, there are just one or two telecom companies who corner 70-80% of the market, so a Vodafone can be present everywhere in the country. But in India, there are 16-17 players and it is difficult for a single player to have that kind of network,” ......

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