Lightweight Payments System
- Recently, the Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlements system, which it is calling a “bunker” equivalent of digital payments.
- It can be operated from anywhere by a bare minimum staff in exigencies such as natural calamities or war.
- The infrastructure for this system will be independent of the technologies that underlie the existing systems of payments such as UPI, NEFT, and ....
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