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...He hopes to turn the network into a payments gateway: suddenly a very valuable proposition in a country where 86 percent of existing currency was outlawed by government diktat last month.Reliance Jio snagged 50 million mobile subscribers in 83 days. It's unclear whether that Facebook-beating growth can be sustained -- or become profitable -- when the service stops giving away free data sometime after March. What Ambani has managed to do is to push down per-user revenue for his competitors, which have been forced to cut prices. There's still no evidence he's taking market share away from Bharti Airtel Ltd., Vodafone Group Plc and Idea Cellular Ltd. Regardless, the trio are guaranteed an uneasy 2017. Reliance's biggest advantage is its balance sheet. ...NDTV on Dec. 27, 2016, midnight
...Fewer than 2 percent of Indians had used a mobile phone to receive a payment, compared with over 60 percent of Kenyans. Beyond showing the enormity of the challenge facing Prime Minister Narendra Modi, these statistics are of little relevance now. What's done is done. With PM Modi asking people to embrace electronic payments as a way of life, investors want to know what shape these digital networks will take, and who'll own them: banks, or non-banks such as telcos and e-wallet apps? Either party's dominance will be wholly artificial.Indians who have used a mobile phone to receive a paymentLess than 2%The Tufts researchers see it differently. ...NDTV on Dec. 20, 2016, midnight