I once again thank BCSBI for inviting me today and thank you all for a patient hearing. BIS central bankers’ speeches  5
Among other benefits, this will democratize access to transaction accounts. Full participation to the digital payment ecosystem envisioned under the NRPS will be within reach. Key barriers to account opening will be removed. This will directly benefit low-income and vulnerable sectors of our society as costs of onboarding are lowered and the need to present acceptable identification forms is addressed.