Amitabh Dubey

Political Analyst, India Research
+91 99999 10781

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The stars are aligned for mobile money

Overview

Technological innovation has produced low-cost alternatives to bank branches, ATMs and credit cards in the form of mobile phone wallets, near-field-communications tags and inexpensive point-of-sale devices. The problem in India, as usual, has been regulation, but conditions have become more favourable in the past 2-3 years and have allowed the mobile payments business to get off the ground. In our view, Raghuram Rajan’s appointment as the governor of the Reserve Bank of India...

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