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Friday, 9 December 2016. When you wish to influence the behaviour of millions of people, consumers, businesses there has to be a change in the policy framework. Unless the RBI ensures that all electronic payment systems and e-wallets are inter-operable, we could be creating a monopoly. Today the payments regulator, the RBI, prevents a Paytm. If the government wishes to push faster for a cashless economy, policy and regulation need to focus on competition and innovation. The RBI has been promoting ban.CONTENT
This web page ilapatnaikblog.blogspot.com states the following, "When you wish to influence the behaviour of millions of people, consumers, businesses there has to be a change in the policy framework." We saw that the webpage said " Unless the RBI ensures that all electronic payment systems and e-wallets are inter-operable, we could be creating a monopoly." It also said " Today the payments regulator, the RBI, prevents a Paytm. If the government wishes to push faster for a cashless economy, policy and regulation need to focus on competition and innovation. The RBI has been promoting ban."