While announcing the monetary policy, RBI Governor Shaktikanta Das said a framework will soon be introduced for retail digital payments in offline mode across India. “We believe this will help in transactions where internet connectivity is low,” he added. From September 2020-June 2021, RBI conducted three successful pilots of the technology that can enable digital payments even in remote areas.
2️⃣Introduction of Retail Digital Payment solutions in offline mode
Framework for offline retail digital payment solutions to be introduced; will help remote areas with little internet connectivity, will expand reach of digital payments, open up new opportunities
– @RBI
— PIB in Maharashtra 🇮🇳 (@PIBMumbai) October 8, 2021
