Instead of keying in the account details of the payee, a payer simply scans the code generated by the payee’s bank or e-money issuer, and the funds transfer happens in seconds. Likewise, the PESONet has been instrumental in providing a safe and efficient channel for business payments, including salary disbursements, supplier settlements, dividend distribution, investments, and any other financial transaction of firms and institutions.
Our athletes have been doing very well. Some of the early winners in the first year have actually made the whole country proud by turning in an excellent performance at the last Jeux des Iles1. And I understand from my good friend Vivian Gungaram2 that we have high hopes for a few who are present here.