Payments banks are a new type of bank in India that was introduced in 2014 to promote financial inclusion. They have certain restrictions like not being able to lend but allow basic banking services through digital means to customers. The presentation discusses the opportunities and challenges of payments banks in expanding access to banking for many Indians who previously did not have access.
Payments banks are a new type of bank in India that was introduced in 2014 to promote financial inclusion. They have certain restrictions like not being able to lend but allow basic banking services through digital means to customers. The presentation discusses the opportunities and challenges of payments banks in expanding access to banking for many Indians who previously did not have access.
Payments banks are a new type of bank in India that was introduced in 2014 to promote financial inclusion. They have certain restrictions like not being able to lend but allow basic banking services through digital means to customers. The presentation discusses the opportunities and challenges of payments banks in expanding access to banking for many Indians who previously did not have access.