PESONet supports the country’s journey 2/7  BIS central bankers' speeches  towards being a cash-lite economy since it is strategically promoted as a viable alternative to checks and may be used for settlement of recurring bulk payments. As 31 August 2020, PESONet has 61 participating institutions.
Although there are stronger disinflationary forces in some regions of emerging economies, the risk of a sustained deflation is expected to be small, as core inflation and inflation expectations in most major economies are still holding in the 1-2 percent range. Any sharp movements in commodity prices bear some watching if sustained.