 Good morning everybody. We're coming to you from the Fiji Symposium, the financial inclusion global initiative right here in Bangalore. The first of its kind of this kind of symposium and the agenda behind this is to really bring out into the world the need and necessity of financial inclusion and the need to move from the traditional methods of banking to a more digital kind of system. With the world's economy growing at such a rapid rate, it is alarming that we still have 2 billion people unbanked. It is the need of the hour to move towards financial inclusion and that is the main focus of the Fiji Symposium. The financial inclusion global initiative rests on a three into three into three model, which means it focuses on being implemented in three different countries which is Mexico, Egypt and China and the focus is on three different work groups, electronic payments, digital ID and security and the plan is also to implement three different symposiums, the first of which we are at right now in Bangalore, India. The International Telecommunication Union is a partner at the Fiji Symposium with the main focus of building on the expertise in the field of financial inclusion. The idea really is to create an enabling environment for digital financial services to reach out to millions of people. There are about 7 billion mobile phone users, 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. The financial inclusion global initiative is supported by four very important organizations, namely the ITU, the World Bank Group, the Committee on Payments and Market Infrastructures and the Bill and Melinda Gates Foundation. Fiji is a financial inclusion global initiative. It has three components. One is around the symposium. Country led reforms and actions to improve financial inclusion, including through digital technology. India has made tremendous progress in the field of financial inclusion and many Indians are opening up to this idea. That being said, there are a number of challenges that need to be overcome to truly harness the complete potential of digital financial services. The focus on homegrown applications and digital payment gateway has been the core of our idea. N2N solution of financial inclusion has been provided by the Government of India. Aadhar has played an extremely important role in enabling digital financial inclusion. So, TRAI has taken a couple of steps. One is, we advise the government to implement Bharat Net in a public-private partnership way. Secondly, we reduce the U.S.S.D. charges and there we reduce the fees to one-third of what it was earlier. We are creating an architecture again of an interoperable Wi-Fi hotspot. So, a customer today can walk into any of our retail outlets, open a bank account. He can do cash deposit. He can do cash withdrawal. Today, we're starting to see big growth in mobile money deployments all around the world. That creates a whole new set of challenges and risks around cybersecurity, fraud, etc. These are things that the traditional financial inclusion community is just not exposed to. So, in this new environment, it's now critical time to bring in the standard-setting bodies of banking, BIS. The standard setter around development policy, the World Bank. And then thirdly, now the standard setter around telecoms, which brings a much more sophisticated level of expertise around cybersecurity, fraud, using the telephone. So now is the time to actually bring in that level of technical expertise as mobile money platforms grow globally. We're here in the exhibition stalls. Let's take a look at all the stalls we have. The potential here is that we could spread the connectivity of spreading money around or sharing money around through the mobile technology platform. Data privacy and protection are very paramount in my concerns. The predatory financial practices have always been with us if we now talk about adding digital credit products. But when you start to talk about addressing the old problems or financial literacy, education, protection of consumers, those are always kind of less exciting to talk about the problems versus talking about the shiny new potential. So I feel like we need to find more of a balance. Kenya represents what is happening in Africa. At the time when we started mobile, the MPSA case, the access to banking services was around 20%. With the leverage on mobile financial services to handle low-value retail money transfers, we have seen a tremendous improvement. Over the past three days, the Financial Inclusion Global Initiative saw a variety of challenges that were discussed. If we need to achieve universal access to financial services, we will need to make electronic payments attractive to small merchants and their customers. We will also need reliable means to verify people's identity. And most importantly, we need to ensure security and trust that the people's money is safe. And Fiji is there to achieve exactly that.