Financial Inclusion in Action

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Will Mobile Network Operators Make It As Payments Banks?


Of the remaining eight provisional Payments Bank licensees, four involve mobile network operators (MNOs): Airtel, Idea, Vodafone, and Reliance Jio.    This is not surprising, since successful Payments Banks will require a large footprint to serve a massive customer base, as it will be a volume game. MNOs’ existing customer base and extensive agent networks… Continue reading

e-KYC and the India Stack – A Transformative Blueprint for Emerging Markets


A student newly admitted at Kenyatta University, Nairobi, wants a new mobile SIM, so she can talk to her parents back home in Eldoret. Her national identity card is used to establish her identity. A 32-year-old widow of a landless labourer in Bihar walks up to a Bank Mitr agent to open an account, so… Continue reading

Cooperation or Competition


In our last blog we presented an analysis of the 11 players that have received the “in principle” approval from Reserve Bank of India to operate the payments banks. None of the Over the Counter (OTC) remittance players got the license which surprised many in the payments and financial inclusion arena. This blog talks about… Continue reading