News > RBI unveils framework to enable small value digital payments in offline mode
RBI unveils framework to enable small value digital payments in offline mode
The Hindu | 04/01/2022 08:56 AM | Click to read full article
The Reserve Bank of India (RBI) has come out with the framework for facilitating small-value digital payments in offline mode, a move that would promote digital payments in semi-urban and rural areas.
An offline digital payment does not require Internet or telecom connectivity. “Under this new framework, such payments can be carried out face-to-face (proximity mode) using any channel or instrument like cards, wallets and mobile devices.