Author
The author is head of regulatory and risk management - m-commerce at Idea Cellular Ltd
Payment Banks are set to usher in a new paradigm for retail banking. There is understandable euphoria amongst business houses and customers alike, coupled with expectations that Payments Banks will contribute to JAM to fulfill the objective of financial inclusion and reduce the dependency of cash in Indian economy.
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Read MoreEvolution of Payments ecosystem from cheques to E-wallets. Can the new generation Payments bank really make a dent in the ecosystem?
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