Aggressive approach & a clear business model is needed for cashless e-payments

.....The recent steps by RBI to cap the merchant fees for debit cards have the ability to provide the much-needed fillip to the payment business. The hope is that e-payments will grow by 100% year-on-year and that payments can become all pervasive. However, good intent needs to be backed by speed and a clear vision of the end goal. Today, the Indian payment industry is lacking due to low investments and unclear business models for private and foreign operators........

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