The work, duties and powers of the Board shall be as follows:-
(a) To maintain financial stability by making the payment system safe, orderly and efficient, to reduce risk, to enhance the credibility of the payment system and to make policy arrangements regarding the modernization of the payment system,
(b)     Coordinating, conducting,
between companies related to the payment system (c) Regular monitoring, regulation and monitoring (oversight) of the work done in connection with the payment system, (d) To give necessary instructions to the company and the communication service provider from time to time regarding the safe and orderly operations related to the payment system,
(e)     To take necessary action against the institution that acts contrary to this Act or to instruct the relevant department of the bank to send a written order to the relevant body for such action,
(f) Forming various technical committees and sub-committees as necessary to monitor, regulate and supervise whether the payment system is operated in a safe and orderly manner.