PAYMENT AND SETTLEMENT SYSTEMS

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.


(140 kb)
Date : Aug 17, 2018
Innovation in Retail Payments
(Urjit R. Patel, Governor, Reserve Bank of India - August 16, 2018 - Address at the Launch of Unified Payments Interface(UPI) Version 2)
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