India: Framework for Facilitating Small Value Digital Payments in Offline Mode
Progress
Current status
adopted
03 Jan 2022 adopted
08 Oct 2021 under deliberation
Scope
Implementers
India
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Framework for Facilitating Small Value Digital Payments in Offline Mode adopted
On 3 January 2022, the Reserve Bank of India has adopted its Framework for Facilitating Small Value Digital Payments in Offline Mode. The Framework allows small value digital transactions to be made using payment instruments, such as mobile devices …
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central bank
Framework for Facilitating Small Value Digital Payments in Offline Mode announced
On 8 October 2021, the Reserve Bank of India has annnounced in its Statement on Developmental and Regulatory Policies that it would introduce an offline digital payment solution following the successful completion of pilot schemes between September …
SourceEvent type
order
Action type
announcement
Government branch
executive
Government body
central bank