The principles enjoin upon the supervisors and oversight bodies to ensure an equitable and fair treatment of consumers, disclosure and transparency in product and service offerings along with promotion of financial education and awareness amongst the consumers.
And this Roadmap has been endorsed by G20 Leaders, giving it strong political backing from the largest financial centres. This Roadmap covers the whole payments market – both wholesale and retail payments. And it includes a particular focus on remittances, recognising that they are a critical source of financing for people in developing countries and that they play an important role in economic growth.