If some changes in policy towards NGP are considered necessary, the role of the RBI, banks, government and industry/trade would have to be redefined and re-oriented. I will elaborate on the re-orientation. In my normal style, I will conclude with a set of issues.
Coming generations will probably have difficulty in understanding how anyone ever queued at a bank branch to pay his bills – to say nothing of writing a cheque. Today, it is difficult to see how a bank could enter the Finnish or Nordic markets without a well-functioning and comprehensive Internet service.