I had another read of the RBI guidelines speech "Banks in India: Challenges & Opportunities" that Ezyrider graciously provided us with a link to. Refer to his post below.
http://hotcopper.com.au/threads/the...2300460/page-69?post_id=13617751#.U9rJtGPrWSq
Go to #13 under Column 1.
You will note that India are #1 in the global remittance market. We are talking about $US70 Billion dollars in remittances in 2013!
http://en.wikipedia.org/wiki/Remittances_to_India
Please do a Google search on the topic. You will note that there are a few successful companies that have already taken center stage in this space. This alone could be a game changer.
Tony
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I had another read of the RBI guidelines speech "Banks in India:...
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