Some of these include use of computer systems which do not require uninterrupted electric power supply, networking using radio frequency and other non-conventional methods, centralisation of processing systems leading to lower processing costs, provision of home-grown customised systems such as the low cost, multi-lingual ATM developed by the IIT, Chennai - all of which provide an impetus towards greater financial inclusion.
Some years ago, as part of the development of the market in government bonds in South Africa and prior to the appointment of primary dealers, the SA Reserve Bank acted as a market maker in the market for government bonds. This was an interim phase in the development of the market. The Bank contributed to the market’s development by managing liquidity.