About this document
RBI by Sanju Sanjay is a document available to read on EtoBox.
The Reserve Bank of India is developing a Lightweight and Portable Payment System (LPSS) to ensure uninterrupted digital payments during emergencies. The LPSS would operate independently of existing systems like UPI, NEFT, and RTGS using minimal hardware and software. It aims to process critical transactions even during extreme situations by keeping the liquidity pipeline and stability of the economy intact. Unlike conventional systems, the LPSS is designed to function with minimal staff from any location d
- Author
- Sanju Sanjay
- Language
- EN