Extending this to the area of payment and settlement system which touches the lives of every citizen in a country, I would venture to say that no technology driven payment system can be called fair unless it is able to bring about an overall overwhelming reduction in the cost of transactions – achieved through decreased overheads and increased processing volumes. 18.
In 2019, New Zealand is presenting its first progress report (Voluntary  Page 10 of 11  building capacity and capability in central banks through our region – including the central banks of the South Pacific and East Asia.