Towards this end, we have liberalized the regulations on bank business correspondents, encouraged banks and mobile companies to form alliances, and started the process of licensing payment banks. The transactions costs of obtaining the product, including the Price and the intermediary charges, should be low.
We are ready to explore all options within our mandate to ensure we can continue to fulfil our responsibilities under the Treaty, i.e. promoting the smooth operation of payment systems and ensuring the effective transmission of monetary policy, for which the stability of the centrally-cleared repo segment of euro money markets is crucial.