However, they are all medium- or long-term tasks that will need a long time to bring to fruition. So then, what can provide a short-term breakthrough for strengthening competitiveness? The answer is to promote North-South economic cooperation on the Korean peninsula.
Payment and settlement systems in India have, and I am sure it is the case in many other jurisdictions too, players that are common across the retail and wholesale segments. Access criteria for membership to the clearing houses that provide the retail products (cheques, ACH, etc.) and eligibility to offer various payment products (pre-paid instruments, mobile payments, etc.)