India, due to its long coastline, is richly endowed with natural maritime advantages. The countrys 7,500 km coastline covers 13 states and Union Territories. A number of ports along the long coastline lie along key international trade routes. There is huge potential even for inland water transport.
NPCI falls into the category of financial market infrastructure. Our infrastructure is not visible to the naked eye. The financial market infrastructure, however, is huge. Within this, NPCI plays the role of a payments utility. We are like a utility to the banks wherein we facilitate over 25 million payments transactions daily.
Telecommunication companies only have payment licenses so they can only take deposits. They canÂ´t lend. WhatÂ´s happening in banking the world over - and I donÂ´t think India is going to be an exception - is that banking services are being unbundled