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IDFC First Bank, is set to be a part of RBI s pilot project to enable offline payments, the private sector lender said, adding that the project will give access to digital payments even when there is no network.
NL Corresspondent Jammu Tawi: HDFC Bank has launched a pilot in partnership with Crunchfish, to test offline digital payments for merchants and customers under the RBI’s Regulatory Sandbox Program, known as ‘OfflinePay’. “HDFC Bank is pleased to work under regulator’s guidance and partner with Crunchfish Digital Cash to launch ‘OfflinePay’, an industry-first digital solution.