 You have just been given five to ten minutes. Yeah, without wasting time. I don't have slides because I was just given these the last minute to just make comments on. Let me try, first of all, to contextualize the M-Pesa or what we call the mobile money, M-Pesa, which means mobile money. Mobile money or M-Pesa came into effect in March 2007. And within this time is when Kenya was trying to finalize its vision 2030 or the long-term development plan. And by the time M-Pesa was thriving, that is, you know, in the period of 2008 up to now is the same time that we had the financial crisis. And for Kenya, even with this financial innovation, I think we went on to move smoothly. In the context of vision 2030, there are various key objectives that have been set. And one, I'm raising this so that you can see where M-Pesa is filling the gap that have been mentioned. One was to enhance financial inclusion. And more importantly, at the foundation of M-Pesa was the issue of also poverty reduction element. And in saying that you want to enhance financial inclusion, it's not saying that the platform of M-Pesa is the one that is actually bringing in financial inclusion, but it's saying that it's providing a platform for enhancing financial inclusion in the sense that it's just not a means to an end. It's not a means to an end on itself, but it's facilitating, achieving that objective. Two is to say that vision 2030 aims to increase mobilization of deposits to about 80 per cent by 2030 and at the same time to enhance the channels of savings to investment by about 30 per cent. And at the end of the day, also financial stability. So when you look at M-Pesa, and you think about it is like a mobile network operation, you find that it works with the other banking institutions, banks especially. And more so with working with these banking institutions, what we find that it's able to provide the users, yeah, to get or to complete some basic banking transactions. Say for example, opening an account, what we've seen is that there are all these sort of requirements that are needed, but now you can open a bank account with your mobile phone. And the thing is that what is in built-in net is that in recent period, you have to kind of go through a vetting process for you to register your SIM card and the like. So it's also facilitating the fact that you are doing due diligence to the customers. You can get money from money transfers even between your bank account and M-Pesa account, which means that you don't need to go queuing in the bank so that you can get money and make your payments. But at the same time, there's a very new element with M-Pesa and that is that you can borrow from as retail as I think 100 as much as you want to borrow. But more importantly is to say that when we think about the mobile money and the arguments, you know, whether there are risks to having the mobile money is to say that mobile money is equated to some cash which is deposited with banks in the sense that this mobile provides us the work with the various agents who take the deposit as whatever point. And this is what facilitates to make up the mobile money units. Thinking about the population density and what has been brought out, SafariCom has kind of about 17 million or above subscribers. And out of this, we find that 15 million or more half M-Pesa accounts, which means that we have quite a wide coverage in terms of usage of M-Pesa. And also to say that we have evolved from being a money transfer because that's how it started to being a payment platform. And as a payment platform, it means that you can use it to pay for your utilities. You don't have to go queuing to pay for your electricity. You don't have to go queuing for your cable, TV or water. And this has reduced the cost. In fact, one of the things we were told by one of the banks is that this could have reduced the cost by about $3 per transaction, which can be used by the households for doing other things. If you look at the period when M-Pesa has been in place, and I'm not going to attribute all the achievements to the M-Pesa, you'll find that in terms of financial inclusion actually we have achieved quite a lot, access to form of financial services has increased from about 18.6% in 2006 when the first FIIN access survey was done to 22.6% in 2009, again the second time of FIIN access, and now to about 35% with the recent 2013 FIIN access. But looking at it from the exclusion point of view, we find that at the moment we have an exclusion of about 25%, which means that taking care of both the formal and informal, we have increased the financial access to about 75%. Now we're having issues in terms of maybe impact on financial stability, and are we regulating this mobile service. The arguments that, well, this is just taking about 0.2% of the total deposits, and so it is not as vulnerable to the banking institution as one may think. But after 2008 when banks raised issues and said, oh no, the platform may have its own risk, and that was not found to be the case, we've seen several attempts to ensure that there is no risk as far as financial stability is concerned. And one of the things we find is like a self-regulation. ZafariCom has a well-inbuilt surveillance mechanism to deal with the anti-money laundering and terrorist financing kind of activities, which it trains its agents and also its staff on how to manage, and you find that there are all these kind of restrictions that are given as far as sizes of transactions and the number of times that you're going to start in a day is concerned. At the same time, ZafariCom also has a practice of know your customer element, which again, it gives training to its agents and again to staff, and this in itself kind of protects it from getting into issues of being misused as a process. But in addition, in recent period, you find that central bank has come up with the regulations and guidelines, we have the e-payments guidelines of 2011, and we also have the retail electronic transfer guidelines of 2011. And these are inbuilt in the national payment system Act of 2011. And within it, or rather with this, regulations were brought in, regulatory framework was brought in in 2013, and this in itself is supposed to ensure that it brings issues of payment system, issues of payments to one regulator, and that is the central bank. Of course, one element with the micro loans is this increasing the level of NPLs, and a comment from the banking institutions, especially those which are operating in collaboration with the MPSA is, yes, we are on a learning curve, and initially there could be a slight increase in NPLs, but the argument is that you need to give time to, because you are including those people who have been excluded, so they have to learn through the curve and understand how to manage their loan accounts, but at the same time, they want to revisit the credit bureau regulations to ensure that you don't scare out this new team that has entered into the banking system.