India  
 
NewsR.in

RBI plans new payment system for emergency: Here’s why it was needed and how it works

BGR India Thursday, 1 June 2023
The existing payment system in India such as RTGS, NEFT, and UPI are vulnerable to disruption in communication infrastructure. Reserve Bank of India has recognised this fact and envisioned a new payment system for exigencies. “The conventional payment systems heavily rely on complex wired networks and advanced IT infrastructure to handle large transaction volumes while […]
0
shares		ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Arrow-3: Germany greenlights buying world's first operational BMD system from Israel | Oneindia News [Video]

Arrow-3: Germany greenlights buying world's first operational BMD system from Israel | Oneindia News

After a long delay, Germany’s parliament has been reported to have approved an advance payment for the acquisition of Israel’s sophisticated Arrow-3 air defence system in a deal worth almost four..

Credit: Oneindia     Duration: 03:17Published

Related news from verified sources

Explained: RBI's new digital payment system to protect payments against digital attack, natural disasters

 The lightweight payment and settlement system (LPSS), which the RBI plans to develop, will be able to function without a lot of personnel and from any location.
DNA