I have been informed that these mobile banking services dubbed “PESA PAP” have been made possible through the use of the Safaricom M-Pesa Platform. On this note, I salute Safaricom for having partnered with several banks in providing innovations that will not only enhance access to financial services but also the growth of commerce in both the rural and urban markets.
Capital account convertibility beyondbrics reader: What is your view in respect of the timetable and progress towards fuller capital account convertibility, which determines the ease with which investments can be moved into and out of India?