Bank of England Governor: Need companies like Facebook to participate in the current financial system to improve payment efficiency

On October 16th, Mark Carney, governor of the Bank of England (British central bank), said that the current financial system has several shortcomings, and its payment rate is not as efficient as it should be. Therefore, high-tech companies like Facebook are welcome to help them speed up the current payment process. Carney believes that the current cost of transferring funds is very high, and small businesses and entrepreneurs often pay too much for this. He affirmed that people should not be satisfied with the current financial system, payment should be faster, should be immediate, and should be "almost no cost" and very flexible, because we have the technology to do this.