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RBI plans new payment system for war, natural calamity-like situations
short by Hiral Goyal / on Tuesday, 30 May, 2023
The RBI has conceptualised a new lightweight and portable payment system that can be operated from anywhere by a bare minimum staff. The system is being planned keeping in mind extreme and volatile situations like war and natural calamities. It's expected to operate on minimalistic hardware and software and could ensure near zero downtime of payment and settlement system.
read more at RBI