payment costs

It is reported that Ben Broadbent, the deputy governor of the Bank of England in charge of monetary policy, said that the Bank of England is most concerned about the supervision of new payment technologies. So far, the experience of digitalization is that new products and services promoted by new technologies can be adopted on a large scale very quickly, which clearly brings opportunities for financial institutions, enterprises and individuals. We hope to see continuous improvement and reduce the friction and cost of payment. Interpretation of this information: The message…