Which of the following is an example of a low value DNS payment system in the UK?

The Faster Payments Service (FPS) is indeed an example of a low value DNS (Deferred Net Settlement) payment system in the UK. This system was introduced to facilitate faster transactions among banks, enabling consumers and businesses to send and receive payments almost instantly. The primary characteristic of FPS is that it supports low-value payments, typically under £250,000, which aligns with its purpose of catering to everyday transactions such as bill payments or person-to-person transfers.

The other options, while related to payment systems, do not fall into the category of a low value DNS payment system. The RTGS (Real-Time Gross Settlement) System is designed for high-value payments that require real-time processing without delay, thus incompatible with the low value designation. SWIFT is a network for facilitating cross-border payments between banks but does not serve as a domestic low value payment system. Lastly, wire transfers generally refer to electronic transfers of funds across networks, but they often involve higher value transactions or international transfers, rather than functioning as a low-value domestic system like the Faster Payments Service.