 The objective of this initiative was to create a forum, a platform where telecommunication authorities can meet with financial services authorities and they also can interact with the private sector. It's that it brought the sectors of banking and telecom together. This is the first time I've seen the banks and telecom companies coming together including regulators of the telecom companies and regulators of banks all sitting together and experts. The biggest part as part of payments to SIGARP and all that to look at the subject of DFS. Within these two years it's been very amazing. Having a forum that brings together the financial sector and the telecom sector is unique in itself. So it's a good get together to really talk about things that needs to be thrust out all mutually and then going for the mutual benefit of everyone. Typically you have a limited spectrum of stakeholders so you have just the providers or the donors and the providers but with this event at the ITU we've got the full 360 degrees of all the stakeholders involved in trying to further financial inclusion. From the experience that all the participants have from their respective jurisdictions and markets and their own countries we really extracted all the key messages and tried to see what can we provide to the regulators and policymakers to help them making a better job and really fast track policy reform because we realized that sooner or later they will face the same issues and rather than reinventing the wheel can we offer them something off the shelf that can be then adapted and redefine adjusted to the local reality to take into account the specific situation they face but also allow them to accelerate the process and rather than doing mystery shopping themselves we've done that for them rather than doing consultation we've done that for them rather than calling experts we've done that for them. So this is a way to help them and really give them tools to do better their job. Some of the insights from the regulator have helped us go okay we also need to understand the challenges that the regulator is trying to assist but also ensure a stable economy. So from that side we've a lot of learning from both the regulation as well as the marketing and the commercial side that have been promoted. So this set of insights and this set of very practical recommendations which the focus group has produced we look forward to actually helping translate that into practical reform measures, government policies, regulatory reforms, private sector actions, industry initiatives. Regulation and policy can permit experimentation but it needs to be closely watched as well to be sure that there are guardrails around consumer protection issues for example to deal with security and the whole ecosystem and to make sure that the fundamentals are being built towards sound future growth. As a regulatory point of view we will we are now promoting on which services are more will support the ecosystem such as merchant payment, government G2P payment. We have a lot many things to take away from this particular focus group discussion so that we just put into our regulations we put into our practices we put into our industry so that it grows in a right way to build the trust over this digital financial services by the subscribers. So in terms of the next step I think that we have a pretty good overview now of what the issues are in various markets and also in an abstract way in general we know where the bottlenecks are what are the challenges for consumers for the industry to make it you know digital financial services scalable and profitable. I think we need to move to the implementation phase we need to try and see how the solution can really make a difference and allow governments achieving their own objectives in terms of financial inclusion. As countries think about reaching those that are unbanged they have to think about how to really embrace the telecommunications sector in order to be able to serve the poor profitably. And one of the big advantages was that we really saw how interoperability can improve the access to financial infrastructures themselves for the service providers as well as then of course in the second round to provide increased access to those who are currently un-served. The result of this two-year effort is is quite rich 27 technical reports in diverse areas from consumer protection to the ecosystem to the interoperability to the need for authentication key performance indicators of quality of service really laying the ground from both a technology and regulatory framework with all the players around the table which makes this focus group quite unique. There is no other international platform that is open in this sense and and that was able to bring all the stakeholders and all the partners to the table. You know out of the two billion that don't have a bank today 1.7 billion have a mobile phone and so that's why the ITU is a key partner in this dialogue and now with the recommendations of the focus group we can go out in the various countries and implement these recommendations and really increase the financial inclusion. We really hope that the follow-on effort to this first study or first focus group is an effort to focus on implementation in a couple of countries around the world taking these recommendations and really putting them into practice and then setting further some different issues around ID and security and electronic payment exception.