1 min read.Updated: 29 Apr 2016, 04:25 AM ISTLivemint
With United Payment Interface and now P2P lending, RBI has done well to drop its earlier conservative attitude towards innovation
The beauty of any new technology is that it allows laggards to leapfrog those who were ahead in the game. India saw this during the telecom revolution. Most Indians skipped the fixed-line stage to directly become mobile phone users. Is something similar about to happen in the financial sector?