There is no gainsaying that, the evidence with independent initiatives all over the world, has revealed the potentials of Information and Communication Technology in, namely:(i)  Empowering people to help themselves in a very broad range of applications, irrespective of their age, gender, race or level of education;  (ii)  Addressing the multi-dimensional nature of poverty; and  (iii)  Transferring the initiatives for development from outside sources to individuals, communities, local authorities and nations.
The Central Bank will also promote direct participation of credit unions and non-bank payment services providers in the payments and settlement system. This would apply to the retail clearing house (the ACH) and to the wholesale RTGS.9 The draft new Central Bank Bill provides that all of these entities would be allowed to maintain settlement accounts with the Central Bank to clear payments.