RBI's Upcoming Payment System Is No-Frills, Lightweight: 5 Facts

 The payment system is expected to be "bunker-like" lightweight and portable, using minimal hardware and software. It will only be activated when needed, such as during a natural disaster or other catastrophic event. The system would process transactions that are critical to the stability of the economy, such as government and market-related transactions. This would help to ensure that the economy is able to function smoothly and ...