NPCI sets Oct 31 as deadline to activate offline payments on RuPay cards

The move will breathe life into the RBI's January 3 framework which sought to give a fillip to offline payments and lead to the activation of the One Nation, One Card for on-the-go payments

RuPay credit card
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While the no-sizing study has been done on offline volume payments, it can go a long way in reducing cash in circulation in the economy.

Raghu Mohan Mumbai
The National Payments Corporation of India (NPCI) has set October 31 as the deadline for banks to activate offline transactions on RuPay cards, which will happen faster than a blink of an eye: at 500 milliseconds.

The move will breathe life into the Reserve Bank of India’s (RBI’s) January 3 framework which sought to give a fillip to offline payments and lead to the activation of the One Nation, One Card for on-the-go payments.

While the no-sizing study has been done on offline volume payments, it can go a long way in reducing cash in circulation in the economy.

An

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First Published: Sep 28 2022 | 7:59 PM IST

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