Increasing usage of financial services by the recently banked
In terms of account ownership, India is now on par with China. But despite adding so many people into the financial services ecosystem, and narrowing gender and income gaps, usage remains a problem. Is the low account usage because many accounts are recently opened? If so are use rates likely to increase over time? What policies could increase account use and reach those who are still excluded? Is the solution to add infrastructure and build out agent networks? Is there still a need for differentiated banking structures such as payments banks?