Challenge: Many countries in the South Asia Region face similar difficulties with respect to payment systems. The ability to share experiences, problems, and solutions across countries can strengthen and accelerate, through peer pressure, the policies that each nation adopts, as well as reduce the time and cost of modernization. The South Asia Payment and Securities Settlement Initiative (SAPI) originated from a high-level mandate from the South Asia Central Banks' Deputy Governors (Colombo meeting, July 2007) to replicate the successful experience with regional cooperation in payments...
- Financial and Information Infrastructures