1. |
Strive to benchmark the payment and settlement systems operating in the SAARC countries to international standards for promoting interoperability, efficiency, transparency, flexibility, legitimacy and security.
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2 |
Promoting electronic and other modes of funds transfers to facilitate financial inclusion.
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3 |
Establish an oversight framework to ensure safe and efficient payment and settlement systems to promote public confidence.
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4 |
Develop a comprehensive legal and regulatory framework for e-payments especially on e-transaction processing, consumer protection, risk on fraudulence activities and acceptance of electronic documents as evidence in legal proceedings.
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5 |
Initiate policies and procedures geared towards adoption of e-payments in the Government/public sector to promote efficiency and e-governance.
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6 |
Establish a regional level arrangement to facilitate cost effective cross-border remittance systems.
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7 |
Provide technical support and assistance to each other.
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8 |
Member countries may regularly exchange ideas and expertise to learn from each other’s experience.
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9 |
Promote regional co-operation in developing and promoting safe and secure payment and settlement systems to reduce dependency on cash.
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