It will be interesting to follow whether Swedish banks, card issuers and telecom operators will further develop this payment method, for example by means of real-time payments 9 initiated from a mobile phone. Real-time payments are already available in the UK. The British company VocaLink has introduced Faster Payments, a service that processes payments in real time. VocaLink has also been commissioned by the Swedish payment system BGC to take over the operation and development of its system. As part of this work, BGC and VocaLink have also examined the possibility of introducing Faster Payments in Sweden. The banks are already able to make larger payments in real time via the Riksbank’s RIX system, which is an RTGS 10 system. In order to enable real-time payments for smaller amounts, discussions are currently being held between the Riksbank and BGC concerning the provision of special BGC accounts in the RIX system, which can be used even when the system is closed. The advantage of this solution is that it would make real-time settlement in central bank money possible. This in turn would make it possible for private individuals and companies to make payments to be effected immediately around the clock, seven days a week, using the Internet banks and, perhaps within a few years, even their mobile phones.
We would like to request your good office, “Your Worship” to issue mandatory directives to all business houses in the country to complete construction sites within a stipulated period and to ensure that all buildings are properly maintained and where necessary repainted on a regular basis. In conclusion, Ladies and Gentlemen, I wish to commend the Bankers Association of Zambia and in particular the Project Committee for the effective and efficient manner in which this initiative has been implemented thus far. My hope is that the initiative will not only be confined to Cairo Road but to all areas of the country. Finally, I would like to urge all of us present here today to extend this initiative to our homes. Let us keep our homes, communities and the country clean as cleanliness is next to godliness. I thank you. 2  BIS Review 112/2009