offline payments: RBI clicks on Karnataka villages for offline pay pilot
We'll soon meet in your inbox. Please wait... These villages include Kadur, Kukkehalli, Havanje, Cherkadi and Innanje. The pilot is part of a larger pan-India project by the central bank that is aimed at developing technology-led solutions to solve at scale for enabling e-transactions in both no-internet or low-internet regions across the country. The three-month-long pilot – from mid-December to mid-March – will see around 200,000 households in these villages being given a Yuva Pay prepaid card enabled by Visa and issued by Yes Bank with a daily transaction limit of Rs 200 to conduct of...
Source: indiatimes.com