This poses the question, what kind of role should central banks play in seeking such global solutions? I think that above all central banks need to remain faithful to their original mandate. They should contribute to economic growth by maintaining price stability and financial stability and establishing an effective macroprudential policy framework to manage systemic risks.
In addition to the initiatives of the two large mobile companies, one bank has also recently launched its own version of mobile money transactions with the implementation of SMS banking for its customers. This will definitely provide greater efficiency for rural customers of this bank. iv.