Some of the reasons for the almost ubiquitous presence of non-banks in the payment services area could be (a) the changing consumer behaviour with increasing demand for more efficient and faster systems (b) advancements in technology which has greatly facilitated innovations in payment services (c) trend for out-sourcing – possibly due to objectives of reduction in capital investment by banks when the same task can be outsourced on a fee-basis (d) financial inclusion drives where non-banks are also playing a significant role especially in the field of mobile banking etc.
With  ongoing  dialogue  and  engagements with other segments of the educational sector, feedbacks received shall form the basis for the periodic review of the guidelines, with the intent to scale up participation under the Scheme in future. 13.