Payment Banks: What Can We Learn From International Experience

Discussing the challenges and opportunities presented by new payment banks in India

To serve niche interests of the migrant labor workforce, low-income households, small businesses, other unorganized sector entities and other users, the Reserve Bank of India granted "in principle" approval to 11 payments banks. The objective of payment banks is to channelize high volume – low value transactions in deposits and payments/remittance services in a secured and technology driven environment, thus deepening financial inclusion.

This publication is a collection of MicroSave's Briefing Notes and blogs encapsulating 20 years of on-the-ground research and technical assistance; creating successful business cases while serving the mass market. The handbook provides deep insights, from across the globe, around strategy, product development and agent network development/ management.

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