Gallery
- Karnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)Wedding pics: Mouni Roy marries Suraj Nambiar in South Indian ceremony73rd Republic Day Parade 2022 - In Pictures
Jyothi Yarraji, who won a silver medal in the 100m hurdles at the Hangzhou Asian Games, wi
- Lione Messi said Retirement not on my mind
- Indian Wells: Alcaraz, Swiatek win titles
- African footballer chased and thrashed away in Kerala; reports
- Hockey India announce core probable group for men's national camp in Bhubaneswar
- Interim Budget: Large number of institutions of higher learning set up, highest ever medal tally in games reflects high confidence level, says FM
RBI introduces Digital Payment Solutions in offline mode Last Updated : 08 Oct 2021 11:59:35 AM IST The Reserve Bank of India (RBI) on Friday proposed to introduce a framework for carrying out retail digital payments in offline mode across the country.
In common parlance this means introduction of facility where digital transactions could be carried out even in situations where the Internet connectivity is low / not available (offline mode).In his virtual address post-MPC meeting, RBI Governor said that the pilot of this innovative technology facilitating digital payments in offline mode has been successful and the learnings indicate that there is a scope to introduce such solutions, especially in remote areas.The RBI's Statement on Developmental and Regulatory Policies dated August 6, 2020 had announced a scheme to conduct pilot tests of innovative technology that enables retail digital payments even in situations where the Internet connectivity is low / not available (offline mode).Three pilots were successfully conducted under the Scheme in different parts of the country during the period from September 2020 to June 2021 involving small-value transactions covering a volume of 2.41 lakh for value Rs 1.16 crore.Given the experience gained from the pilots and the encouraging feedback, RBI had now proposed to introduce a framework for carrying out retail digital payments in offline mode across the country. Detailed guidelines will be issued in due course.IANS Mumbai For Latest Updates Please-
Join us on
Follow us on
172.31.16.186