Clearing houses among Banks have traditionally been organized for cheque-clearing purposes, but more recently have cleared other types of settlements, including electronic funds transfers.

银行间的结算所传统上是为支票结算而组建，但近年也进行其他结算，包括电子转账。

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Furthermore, processing costs are low: about 30 cents per transaction, half the cost of clearing a cheque.

ECONOMIST: Debit cards

The Payments Council said the cheque clearing system would only be closed once acceptable alternatives had been devised - and more consultation is expected in the future.

BBC: Cheque replacement views sought

It has plans to modernise the undercapitalised banking system, which currently has no facilities for electronic payments and only a rudimentary process for cheque-clearing.

ECONOMIST: Struggling to pick up the pieces | The