......Meanwhile, developments such as the Inter-Bank Mobile Payment Service payments platform created by the National Payments Corporation of India in collaboration with 50-odd banks will help. So will the fact that RBI has doubled the limit on daily transactions in cash to Rs.5,000 and that in goods and services to Rs.10,000. Given that India is a young nation with tech-savvy youth at home with apps, tablet PCs and Internet-enabled phones, the target appears achievable given that in July alone both m-banking transactions and their value grew 198% and 174%, respectively, over the year ago period.
Read - Mint
No comments:
Post a Comment