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RBI blames lack of cross-industry collaboration for slow uptake of mobile banking

RBI blames lack of cross-industry collaboration for slow uptake of mobile banking

The Reserve Bank of India (RBI) has expressed its disappointment over the lower-than-expected spread of mobile banking,  adoption of which has been encouraging, but below expectation, due to key factors such as device incompatibility and lack of industry collaboration.  In its half-yearly financial stability report released at the end of 2013, the RBI said mobile [...]

The post RBI blames lack of cross-industry collaboration for slow uptake of mobile banking appeared first on Payments Cards & Mobile.

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