....Way back in 2008 the RBI had recognized the mobile phone’s potential. The first set of guidelines was taken in 2008. The Reserve Bank consciously opted for a bank-led model although their approach remains technology neutral. Mr Chakrabarty said that mobile for banking in financial inclusion cannot become a viable proposition on a standalone basis if the purpose is to achieve meaningful financial inclusion. To make it viable and attract volumes, it has to be provided as a package along with other products and services. This can be achieved only by entities that can provide add-on services like emergency and entrepreneurial credit, saving facilities, other products and services such as insurance, besides remittances.......
Read............
Read............
No comments:
Post a Comment