Pre-paid instruments: The pre-paid instrument issuers’ universe is populated by both banks and non-banks. In fact after the enactment of PSS Act, most of the non-bank entities who have received authorisation to operate a payment system are in this business segment.
In a mere ten years, we have steered clear of that crisis and have become one of the success stories not only in our region, but in the world. Nevertheless, we do not allow ourselves to become  complacent, as the post-crisis era in which we currently find ourselves, has its own set of challenges that we need to deal with.