Payment system infrastructures
RBI Bulletin: Payment system infrastructures
Updated: 20 Feb 2023, 04:28 PM IST
TL;DR.Payment and settlement systems play an important role in improving overall economic efficiency. They consist of all the diverse arrangements that we use to systematically transfer money-currency, paper instruments such as cheques, and various electronic channels.
First Published: 20 Feb 2023, 04:28 PM IST