Q&A: Reliance Capital Management
Dec 8, 2012
Teething pains for India’s new payment system
Expectations India’s new mobile transaction platform – IMPS – would revolutionise payments by 2015 are overblown
It’s a painful headache for India. The country is largely unbanked. More than 41% of its 1.3 billion population does not have a bank account. Broken down, that means 40% of Indians in urban areas and 61% in rural India.
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