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

In a proactive move to address potential disruptions caused by catastrophic events or volatile situations, the Reserve Bank of India (RBI) has unveiled a new initiative: the Lightweight Payment and Settlement System (LPSS). This innovative system aims to provide uninterrupted financial services even when conventional payment systems are temporarily unavailable due to disruptions in the underlying information and communication infrastructure.

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