Third Indian payment systems need to continuously innovate products, channels and business models. Technology should facilitate the convergence of payment products. Fourth recent surveys worldwide indicate mobile and NFC are the future payment trends. Given the huge potential for both mobile and NFC as the future payment products, we should see the adoption and integration of these into our payment systems.
3/4  BIS central bankers' speeches  Another issue that we are paying close attention to is developments in the labour market. Employment growth slowed over 2016 and the growth that did take place was almost entirely in part-time employment. As is the case with the housing market, conditions vary across the country.