It is, therefore, ideally suited for use as a back-up communication link for the major centers in the country, where a disaster can otherwise disrupt the terrestrial connection. The challenges ahead We have no doubt covered considerable ground in modernising our payment and settlement system. The banking system too has made considerable investment in the related infrastructure to upgrade the payment system.
Our overall aim however remains the need for all the participants in the financial market to be financially literate. We intend to initiate the creation of a National Strategy for Financial Education as a necessary complement to a sound financial regulatory and supervisory framework. In doing so, we should favour and promote the establishment of coordinated public-private partnerships.