Saturday, June 21, 2014

Getting financial inclusion back on track

.............Banks will need partnerships to roll out a nationwide retail payments infrastructure, with a clear blueprint of the architecture, licensing (payment institutions), and the commercial model (who pays how much to deposit/withdraw cash). It is useful to reiterate the fundamentals: while banking is an anchor economic sector with fiduciary liability, payments are essentially technology-based systems and processes. The nature of risk and mitigation differs much between..................

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