The school and college students particularly need to be sensitized through their curriculum or through familiarization programmes as they are the future users of the retail payment systems. Pensioners, housewives and unbanked people are vulnerable groups who need to be treated on a special footing in usage of retail payment products.
Interest rates will only decline to a lower level once inflation has been reduced on a sustainable basis to a lower level, and expectations about higher inflation in future have been eliminated with success from the minds of the majority of economic agents. 3. Introducing inflation targets The introduction of inflation targeting is no easy task.