Having given a brief outline of the Conference let me briefly touch upon the theme of the Conference. Over the past few years, particularly in the aftermath of the global financial crisis, the importance of Financial Education and Financial Literacy has come to be widely acknowledged. This recognition has led countries to initiate programmes to disseminate financial literacy among its citizens.
Our vision, to create an inter-operable payment ecosystem, allowing seamless electronic fund transfers and payments from one account to another, is not only being articulated. It is becoming REAL now. In real time. InstaPay’s name fully represents what this newest ACH achieves — real time account-toaccount payments or transfers of funds. Instant payments.