Let me come back to the economic perspectives. The pick-up in activity since mid-2009 has been supported by a rebound in global trade and a reversal of the inventory cycle. It has also been underpinned by unprecedented monetary and fiscal stimuli. Overall, the recent economic recovery has largely relied on temporary factors.
Even before the enactment of the National Payment Systems Act, the Central Bank of Kenya took a proactive role in facilitating consultations on proposals by the telecommunication companies to introduce mobile phone money transfer services.