RBI's Lightweight Payment System: How it differs from UPI, NEFT, and RTGS?

Zee Business Video Team | Updated: June 2, 2023 12:00 PM IST

RBI is planning to introduce a lightweight payment and settlement system (LPSS) that can operate from anywhere with minimal staff. The LPSS will be activated on a need basis and will operate independently of existing payment systems, such as RTGS, NEFT, and UPI.



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