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 non-banks have at the last mile. How will this market shake out?While there is no readymade template, there are many applications from players of all sizes and with different core businesses. The advantage will clearly lie with those companies who already have the knowhow, are invested in this space, and are smart at innovating. Small and medium companies have more skin in the game and can be expected to be more nim

Probir Roy

Probir Roy

Probir Roy

Probir Roy & Sumita Kale: Is big always best?