Record Details

Electronic Remittance System in India – Rationalization

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Field Value
 
Title Electronic Remittance System in India – Rationalization
 
Creator DAS, ASHISH
 
Subject Cheque
National Electronic Funds Transfer
Real Time Gross Settlement
Reserve Bank of India
Migrants
 
Description Migrating from paper-based payments to electronic payments would improve the overall efficiency of the payment system, and provide meaningful cost savings and efficiency to the entire economy. With a
view to expedite migration of payment transactions to electronic mode, this study looks into some prudent measures that are expected to facilitate overall transition from cheque or cash based payments to
electronic payments. We highlight that there is a scope for rationalization of overall costs/pricing in the payment system keeping
broader objectives of acceptance and financial inclusion in mind. We have the classic example of ATM pricing in India which revolutionized its use. With pricing being based more on well laid out fundamental
principles, RBI should carry out a focused review of the bottlenecks in the country’s electronic payment system and advocate appropriate directions. Some recommendations are put forth keeping few bottlenecks
in forefront.
 
Date 2011-06-01T06:20:08Z
2012-01-02T05:08:13Z
2011-06-01T06:20:08Z
2012-01-02T05:08:13Z
2011-06-01T06:20:08Z
 
Type Technical Report
 
Identifier http://hdl.handle.net/10054/1735
http://dspace.library.iitb.ac.in/jspui/handle/10054/1735
 
Language en
 
Relation IIT Bombay
May 2011