Articles by Ritesh Dhawan
In the past five years, the Reserve Bank of India has worked harder than many central banks in developing countries to bring financial inclusion to the BoP. Nevertheless, recent reports show that full financial inclusion is not happening, and is probably not even progressing by most important metrics. MicroSave’s Ritesh Dhawan explores why this is the case, and how things might improve.
India has more competing mobile network operators than any other country, and it’s one of the largest and fastest growing mobile markets in the world. It’s also one of the most problematic countries for financial inclusion, with half the population lacking access to formal banking services. Mobile banking seems like an obvious solution, but as Ritesh Dhawan of MicroSave explains, implementing that solution is not so simple.