how the emerging technologies can be used to make financial services more accessible to those in the low income, unbanked and rural communities in South Africa; and how the emerging technologies can be used for cash displacement and to solve problems such as the cost of cash handling and robberies. 3.
Fifth, the regulators have the responsibility to communicate and explain the rationale, progress and outcomes of their policies and keep the market players fully informed. Results accomplished: (a)  Financial markets in Pakistan have been liberalized and have become competitive and relatively efficient but still remain shallow.