An efficient and ready-for-future payment and settlement system is expected to act as a catalyst to ensure this effective access and increase the pace of financial inclusion. BIS central bankers’ speeches  1  Payment System Vision 2012–15 The Payment System Vision Document: 2012–15 of the Reserve Bank envisages to proactively encourage electronic payment systems for ushering in a less-cash society in India.
Largely unfettered markets create a consumer-led society. In such an economy, the value of reputation, capitalized as good will in the market value of companies, competitively encourages perseverance in pursuing the objectives of quality and excellence. Moreover, the limited role for government in these arrangements is conducive to greater political freedom.