India turns to corner shops, mobile phones for banking revolution

  • TECH Premium
  • Monday, 26 Jan 2015

BANKING ON THE NON-TRADITIONAL: Mobile operators and pre-paid wallet players are expected to lead the banking charge in India.

Depending on when licences are issued, the first payments banks could launch in late 2015 and achieve scale within a couple of years, said Radcliffe, senior program officer at the foundation's Financial Services for the Poor unit. — Reuters

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