India: 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 or cards, in offline mode without Additional Factor Authentication (AFA) or a switched on contactless transaction channel, provided that they are made face-to-face. There is a limit of 200 INR on individual transactions, with a total limit of 2000 INR on each payment instrument, which can be replenished in online mode and with AFA.