IFC focus on e-payment systems
IFC hosted a two-day workshop, in which stakeholders discussed a supportive policy and regulatory environment to help implement standardized and secure payment platforms with strict quality control mechanisms in place.
Speakers at the event included heads and top officials of the Reserve Bank of India, Bangladesh Bank, Central Bank of Sri Lanka, Nepal Rasta Bank and the Central Bank of Brazil.
Addressing the workshop on future challenges, Vijay Chugh, Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, said, “There is an urgent need for all stakeholders to collaborate to enable access to an efficient payment system for the unbanked and under-banked population at an affordable cost. This is envisaged in the Reserve Bank's Vision Statement.”
“E-payment solutions play a critical role in transforming small businesses. Making cheaper, better, inclusive finance available can help low income communities access greater economic opportunity," said Serge Devieux, IFC South Asia Director.
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