The retail payment system should provide each of its users with transparency, certainty and reliability. These are the critical steps in this journey; which will surely lead us to a destination that will benefit all – a truly inclusive and efficient national retail payment system that promotes electronic payments in the country. These benefits reveal the very purpose of this journey.
Some of the new activities have clearly not been undertaken with a view to making financial markets more complete and to  2  BIS Review 142/2008  increasing risk-sharing opportunities. Instead, they helped to circumvent regulated areas and to maximise short-term profits. Ill-designed compensation schemes played an important role in this shortening of horizons among financial market agents.