Among others, the payments system infrastructure has also created an integrated and interoperable retail payments ecosystem which includes cheque codeline clearing with truncation, automated clearing house for direct debit and credit transactions, an instant retail payment system, mobile 5  money interoperability and the recently launched hybrid card – which has consolidated the e-zwich and gh-link cards – to provide convenience to customers. 10.
This stands out in sharp contrast to the rapidity with which prosecutors and regulators in major money centres have reached settlement with several universal banks for a range of crisis-related misdemeanors and malpractices, with record fines. The glaring absence of an efficient banking resolution mechanism may be a brake on our attempt to transform our jurisdiction into an international money centre. 22.