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Probir Roy & Sumita Kale: Is big always best?

Probir Roy & Sumita Kale

Ideally a government should not try to shape and create markets. It should aim for minimal and efficient regulation that ensures a competitive, level playing field for all players and emphasises to consumer protection. It should create an environment conducive for a market landscape that attracts private entrepreneurship and risk capital, one that pushes players for innovative products and services. The same principle applies to financial inclusion. "Payments banks" are an example of a whole new space in the payments market created to tap into the competitive advantages that ...