The requirements of independent documentary proof of identity and address can be a very important barrier in having a bank account especially for migrants and slum dwellers. Recent initiatives by Reserve Bank of India The period 1969 to 1991 saw a huge increase in the branch outreach in India as the average population covered by a bank branch fell from 64,000 to 13,711.
With buyers and sellers repeatedly and constantly interacting on the Internet, there are “reputation trails” that are being created that, when compiled, give an alternative set of markers about how trustworthy a particular buyer or seller may be.