In other words, a derivative of an underlying cash market asset will be so priced/valued that it is not possible to arbitrage between the cash market and the derivative market, provided the derivative in question is fairly priced/valued.
Telecom companies, regulatory authorities, NPCI and all the stakeholders need to work together to draw up a roadmap for increasing the IMPS supported mobile banking transactions. Mobile based remittance services Many countries have experimented with mobile based remittance services for reaching the unbanked population. The success story cited often is that of M-Pesa in Kenya.