..............Semi-closed mobile wallets, which were once hailed as weapons of financial inclusion as they do not require the user to have a bank account, have one noticeable drawback: a user can add cash but can’t draw it out. The Reserve Bank has a long-held the view that letting telecom operators to offer cash-out facilities for their mobile wallet users would allow the companies to bypass the banking system..........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment