India: Framework for Facilitating Small Value Digital Payments in Offline Mode announced
Description
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 2020 and June 2021.
Original sourceScope
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank