However, this is not to say that we have not seen any measure of success at all. One of the roads to financial inclusion is through the “payments” route. “Payments” as a means of financial inclusion has been empirically tested in many other parts of the world.
Towards this end, the Payment Systems Vision of the Reserve Bank, is also focusing on “inclusiveness” of payment services. Complementing this is achieving a “less-cash” (rather than cashless) society which is high on our agenda. 30. Despite the encouraging trends noticed in non-cash electronic payments, the numbers are well-below the potential in the country.