Can credit markets take off in the same way that mobile did

Some of India’s billionaires made their fortunes from the mobile phone industry, these entrepreneurs took big risks and innovated the industry to suite the Indian consumer and needless to say, their bet paid off. Which leaves to wonder, why has no one innovated in finance to the same level? It certainly not for a lack of enough rewards, in the west banking; loans and credit cards are some of the best paying businesses, there are such products for everyone, those who haven’t borrowed before use no credit credit cards to get access to credit.

In India the conventional way of issuing credit hasn’t worked as well, perhaps it’s due to local attitudes or a lack of adequate infrastructure, but attitudes and infrastructure have never been a problem to true entrepreneurs.
I believe the people in banking aren’t trying to innovate enough, and for start-ups this is not an easy market to enter, there needs to be more boldness!