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.

Useful External Links

1. Important Payment System Operators
Clearing Corporation of India Ltd.
National Payments Corporation of India
2. International Organisations
Bank for International Settlements (BIS) - Committee on Payments and Market Infrastructures (CPMI)
BIS-CPMI- Principles for Financial Market Infrastructures
BIS-CPMI-Red Book
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