 "RBI, Reserve Bank of India")
The Reserve Bank of India (RBI) on Friday announced that it will soon introduce a new framework for retail digital payments in offline mode across the country. This will further the reach and adoption of digital payments in areas with low internet connectivity. The RBI also raised the daily transaction limit for immediate payment service (IMPS), from Rs 2 lakh to Rs 5 lakh.
It had announced its intention of doing pilot tests on transfers without internet in the developmental and regulatory statement dated August 6, 2020. After that, three pilots were successfully conducted under the scheme in different
It had announced its intention of doing pilot tests on transfers without internet in the developmental and regulatory statement dated August 6, 2020. After that, three pilots were successfully conducted under the scheme in different
