 Good morning and welcome. We're coming to you from the first ever Fiji Symposium in Bangalore, which is a platform for all dialogue on financial inclusion. And with me today is the Chief of Study Groups, ITU, Mr. Bilal Jamusi. Welcome Bilal. And tell us, how does it feel to be part of the first ever Fiji Symposium? Well, it feels great. There is a lot of energy. We're very grateful to the host country, India, and the Ministry of Communications for hosting us. India, of course, is a country where financial inclusion is quite advanced, thanks to, in large part, to the ADHAR system for digital ID. And that was part of the committee selection to be in India, because there is a lot of momentum, a lot of experience to be shared. And we can see that in the various working groups that are starting to meet today. So Bilal, tell us more about the potential of the digital financial services and increasing the financial inclusion. Well, most of the payments today are moving to mobile phones. And whether it's a feature phone or it's a smartphone, if you look in Africa or other countries, most of the mobile transactions are on phones. Because the mobile penetration is quite high worldwide. There are about 7 billion mobile phone users. And today there are about 2 billion unbanked adults. And out of those 2 billion unbanked adults, 1.6 billion have a phone. And so mobile phones become a very easy means to bridge the gap in financial inclusion. And it makes it very simple to reach out and provide either a banking transactions or payment services, microfinance services to people who would not otherwise be able to access financial services. That's great. That's quite a bit of a gap that we have to bridge. Yes. But we're getting to it. And we're getting to it. And really, the whole concept of Fiji, this financial inclusion global initiative that has four partners, the World Bank, the ITU, CPMI, and support by the Bill and Melinda Gates Foundation, is created to build on the experience that we have in the field that we developed over the past few years in ITU through a focus group on digital financial services to really bring a dialogue between the financial regulators and the telecom regulators in order to enable the environment so that we can use mobile phones for financial inclusion. And now Fiji is really moving into implementation. We're trying to target a number of countries where there is a lot of potential. So we have China, Mexico and Egypt as countries with a large population, with a high degree of penetration of mobile phones, where we can implement some of those principles that were developed in the ITU focus group, as well as in the World Bank PAFI principles to go from theoretical discussion and agreement on the models to actually implementing some of those recommendations in the countries. More specifically, can you tell us what are the areas ITU can contribute in bridging the financial inclusion gap? One of the key aspects of financial transactions is the trust. If the consumer cannot trust the system, they won't use it. And one of the areas that we are leading in this partnership is the security infrastructure and trust working group, which is really looking at some of the vulnerabilities in today's telecommunication system and providing mitigations and new technologies to overcome these issues and to ensure that the consumer has the trust they need, including the digital identity of the consumer. So once that's a reason, for instance, India is quite advanced because there is a biometric digital ID that can be used to know the customer. So we need to identify the customer and then we need to ensure that the transaction over the year is secured. And that's, for instance, the working group today that is meeting on security is trying to look at some of the vulnerabilities and how to address them. In addition, the ITU is leading the symposium setting. So today's first symposium in India is to bring the experience from around the world and share that experience. We have a lot of stakeholders involved. We have some of the bankers, some of the telco regulators, operators, vendors, consumer protection organizations. So it's a very multi-stakeholder environment. And this is really built on the momentum that we had in the focus group on digital financial services. And one of the reasons we wanted to bridge directly into Fiji, with the support of the Bill and Mill and the Gates Foundation, is not to lose that momentum. We had a unique platform for the dialogue between the financial sector and the telecom sector. We wanted to maintain that momentum through Fiji. And we're very glad to see that in this first symposium, that momentum is continuing. And it's a very important aspect of the equation, the regulatory framework. There is some discussion of whether it's bank-led or telco-led. I think we need to go beyond that and see that it is both. It's an integrated system where the telecom network is used to provide the service. But the service is a banking service. So the dialogue is critical between the two regulators so that we find the right solutions, technical solutions, regulatory solutions, to enable the environment and reach those 1.6 billion adults that don't have a bank account. That's great. And the ultimate goal is to bridge the gap and ultimately increase financial inclusion all over. Absolutely. The ultimate goal is to increase financial inclusion and really provide for a better life for citizens around the world that may not be included in the economic system, whether they're farmers or merchants, regular citizens that need to get remittances back and forth either within the country or across border. That's great. Thank you so much. Thank you. Thank you so much. It's a great initiative and all the best. Thank you. Pleasure.