The continuous assessment of various risks should be carried out using on-line/off-line methods and market intelligence to avoid any serious setback to the payment systems. The soundness of Retail Payment System remains the critical element of the regulatory framework and supervisory policies of central banks and regulators.
While the pandemic has been devastating, it has also accelerated digitalization that should stand us in good stead as we transition to the post COVID-19 recovery. Digital platforms have been the lifelines in accessing essential financial, health, education, medical, entertainment and other services. We must embed these gains and leverage them as we pursue global resilience and growth post COVID-19.