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RBI to introduce lightweight payment systems for natural disasters, war-like situations

May 30, 2023

Traditionally, payment systems such as RTGS, NEFT, and Unified Payments Interface (UPI) have relied on complex wired networks

National Electronic Funds Transfer Reserve Bank Lightweight Payment Settlement System Real Time Gross Settlement Unified Payments Interface

Source: businesstoday.in

RBI to launch new payment system for critical transactions during calamities, wars

May 30, 2023

The system, referred as Lightweight Payment and Settlement System (LPSS), will be independent of conventional technologies and can be operated with bare minimum staff, said the RBI annual report 2022-23.

Cyber Security Training Centre Reserve Bank Lightweight Payment Settlement System Advanced Enterprise Computing Payment Instruments

Source: yourstory.com

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Lightweight Payment News Today

RBI to introduce lightweight payment systems for natural disasters, war-like situations

RBI to launch new payment system for critical transactions during calamities, wars

Explore More Categories