Here’s another one from Leo Mirani at Quartz. It seems e-money has failed to take hold in India, not for lack of need, and not for lack of suppliers. The bottleneck is a regulation that prohibits telecom companies from entering the business without bank partners. The irony is that e-money is largely a response to failure by the banking system to provide the services people need.
If you know more about this, please let me know, either by email or in the comments.