During the past several years, Bank of Thailand (BOT) has been working on many important projects to encourage the development of e-Payment systems and innovations including: - Driving National e-Payment Master Plan: The two main projects, PromptPay service and the expansion of card acceptance devices (EDCs) throughout the country, have been developed and promoted and have got continually good responses. For PromptPay  2  service, the registration has reached 32 million identification numbers with an accumulated fund transfers over 100 billion Baht. - Migrating ATM and debit cards to chip cards: By the end of 2019, ATM and debit cards must be changed to chip cards in order to enhance security of card payment. This policy coincides with the growth of debit card transactions used by Thai people. - Elevating security protection in mobile payment transactions: The BOT has cooperated with the Office of The National Broadcasting and Telecommunications Commission and The Telecommunications Association of Thailand under the Royal Patronage to strengthen mobile payment security. From the increasing trend of mobile payment volume which has heightened by 100% from the previous year, we recognize that mobile will be a major payment channel in the near future; therefore, mobile payment security is a vital issue. - Introducing Regulatory Sandbox principle: This principle will facilitate financial innovations and open up opportunities for financial institutions, financial service providers, and technology firms to propose and test their innovation projects in a limited scope and area, in concurrent with regulatory assessment.

The objective of this platform is to help these institutions better assess the risks incurred on their counterparties, through solvency reports specifying the commitments of their customers and their payment behaviors. It also allows Bank Al-Maghrib to measure the use of loans by the population and to evaluate the impact of actions taken on the supply and demand side. 5  And in 2013 we launched, jointly with the World Bank, a survey on Moroccan households’ perception of financial services. This survey helped us identify the barriers hindering the development of financial inclusion and allowed us to better prepare our first national financial education strategy. A second survey called “Global FINDEX” will be conducted shortly and will serve as a basic diagnosis to define our national financial inclusion strategy. Ladies and gentlemen, The data collected over the past few years show the real progress made and the challenges ahead: disparities between regions, rural and urban areas, gender, data quality improvement and the development of an effective tool to measure impact. These challenges emphasize the need to continue our joint efforts, both nationally and internationally, and to get mobilized, in an overall and harmonized manner, to develop financial inclusion of the population across all segments. Data reliability is not an issue specific to Bank Al-Maghrib. This was evidenced by the last report of the Irving Fisher Committee on “Measures of Financial Inclusion - Central Bank Perspectives”, prepared on the basis of a survey carried out during the 4th quarter of 2015 in 47 countries.