There could also be a positive rub-off on existing banks partnering with payments banks through increased access to unbanked and under-banked areas in a cost-efficient manner.
Crisil MD and CEO Roopa Kudva says, in an interview to CNBC-TV18, that financial inclusion in Kerala, Pondicherry and Chandigarh was the highest in the country and expects to see the rupee settle at 56 in FY14.